The National Association of Realtors reports that nearly 50% of purchases by Mexicans in the U.S. were in suburban areas and about 30% in resort areas. The vast majority, 91%, were residential purchases of detached single-family homes. The average price was $156,250 and 48% of the purchases were made with cash. California and Texas accounted for 62% of all Mexican purchases; San Diego, El Paso, Laredo, San Antonio, and Las Vegas, were Mexican buyers’ preferred cities.
The United States’ proximity and security are the most attractive features for Mexicans when it comes to buying residential real estate. Asked if there were other factors, Sergio Aguayo, a political scientist with the Colegio de Mexico, explained that Mexico has a large number of millionaires, writes Forbes.