For many Americans looking for a second home to take a vacation, pursuing real estate investment opportunities outside their country is a widespread alternative, both for middle class citizens seeking better price alternatives beyond their borders and the high net worth segments, which include properties abroad as part of their portfolio (according to brokerage firm Coldwell Banker, 92% of high net worth American families own property abroad). What is the preferred destination in the Americas for Americans when looking for property outside their country?

ANSWER

Mexico. According to broker Point2's ranking, based on Google searches, the southern neighbor of the United States is the favorite place for Americans to look for a second home in the Americas (Italy is No. 1 globally), followed by Canada and Costa Rica. Buyers in Mexico are mainly looking for properties in coastal areas (Puerto Vallarta, Playa del Carmen, Tulum and Baja California Sur are the main attractions) and in colonial cities such as San Miguel de Allende. See the Latinometrics ranking: