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Apr 24, 2006, 4:22 AM

Post #1 of 2 (1982 views)

U.S. retirees fuel Yucatan land grab

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U.S. retirees fuel Yucatan land grab
Wire services
El Universal
Lunes 24 de abril de 2006
Miami Herald, página 1

A big cadre of U.S. baby boomers looking to retire someplace sunny and cheap is fueling a land rush in the Riviera Maya, a small idyllic slice of the Yucatan peninsula. But many land-seekers are encountering a variety of obstacles, including skyrocketing real-estate prices, confusing laws and con artists.

Real-estate prices have spiked so quickly - roughly doubling in the past five years - that unscrupulous promoters sometimes try to flip property they don´t even own. The warnings against this potential trouble are everywhere.

More at … http://www.mexiconews.com.mx/miami/17915.html

Rolly Pirate

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Jim in Cancun / Moderator

Apr 25, 2006, 4:16 AM

Post #2 of 2 (1953 views)

Re: [Rolly] U.S. retirees fuel Yucatan land grab

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Thaks, Rolly.

It is true--it has been going on on a smaller scale for years but as the boom gains momentum, the cases are more frequent. As always Caveat Emptor! But even more so when what you are buying is in a foreign country, in another language and with other laws.