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Maximizing Your Real Estate Investment in Mexico with OFX and Zisla

October 18, 2023
news

Maximizing Your Real Estate Investment in Mexico with OFX and Zisla

Published at : October 18, 2023

The allure of Mexican real estate has been steadily increasing over the past few years, with its pristine beaches, vibrant culture, and promising return on investments. However, for international clients, navigating the currency exchange can pose a challenge, especially when considering the properties listed in both MXN (Mexican Peso) and USD. Here’s where OFX steps in, providing clients with state-of-the-art tools and services to ensure they get the most bang for their buck.

 

Important note for our clients: OFX discounts rates to Zisla clients by at least 50% when compared to their online rates that are public-facing. Our clients can register here: https://www.ofx.com/p/zisla/

 

1. Monitoring Exchange Rates

As observed from the recent MXN to CAD and MXN to USD charts: Over the past year, the Mexican Peso has seen a +9.43% change against the Canadian Dollar. The trend shows some fluctuations, and it's essential for investors to keep an eye on these movements. Against the US Dollar, the Mexican Peso has witnessed a substantial increase of +9.53% within the year. It's imperative to note that currency trends are prone to changes, and this particular trend has been favorable for USD investments. OFX provides the tools to Zisla’s clients to allow them to easily monitor the rates. 

 

2. Using OFX’s Tools to Your Advantage 

 

  • Spot Transfers: Ideal for swift property down payments, OFX spot transfers provide investors with the ability to capitalize on the present market rate. When purchasing a presale property with different payment plans, clients can leverage spot transfers to maximize favorable exchange rates. For example, if the current rate is beneficial, investors might opt for a larger initial down payment, deferring the rest when rates are likewise favorable. Conversely, if rates are not as advantageous, they might choose a smaller initial payment, banking on future favorable rates. These tactics can often result in more savings than the actual discount on a large down payment.

 

  • Forward Contracts: Given the observed currency fluctuations, investors planning to invest in upcoming months can use forward contracts to lock in current rates, safeguarding against potential adverse shifts in currency value. This tool is especially useful for those eyeing pre-sale properties with phased payment plans.

 

  • Limit Orders: Perfect for investors with specific rate targets. Instead of consistently monitoring the market, set your desired rate. Once the target rate is reached, OFX will automatically conduct the currency exchange, optimizing investment timings based on market conditions.

 

3. Keeping an Eye on Local Property Trends with Zisla

Currency exchange is undeniably vital, but grasping local property trends is equally significant. The decision to invest in properties listed in MXN versus USD hinges on numerous elements like the current exchange rates, property location, and the nature of the investment (short-term vs. long-term).

 

Conclusion

International real estate investments are full of potential, but they're not without challenges. With currency exchange being a prime concern, OFX's suite of tools ensures investors have the edge they need. By staying informed and leveraging these tools, one can truly make the most of the thriving Mexican real estate market. Contact us today to learn more about our partnership with OFX. 



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