Investing in Real Estate Mexico is not a good idea … it’s a GREAT idea. Here are some reasons why.
It is a fact that Mexican economy is on the rise. Because of this, the country is exploiting as the largest economy in Latin America. Recently, several world economic publications predicted that Mexico will be the new economic power in a near future. As a result, investing in this country has become very popular nowadays.
70% of the 50 million tourists who visit Mexico year after year, travel to the Riviera Maya. Thus, we can conclude that this area is the one we should focus our attention on.
Sales in real estate associated with tourism have increased by 10% in recent years. Therefore, one of the best investments in the destination is in real estate.
If you haven’t made up your mind yet, here are five reasons to invest in real estate in the Riviera Maya.
HIGH ADDED VALUE
The Riviera Maya is a privileged environment with the services and infrastructure required to expect an average capital gains of 25%. This considering that the property is bought in pre-sale.
INVESTING IN MEXICO HAS GREAT VACATION RENTAL POTENTIAL
The constant high occupancy of the area allows the owners to obtain high profits thanks to their vacation rental homes income. Last year, 7.6 million people arrived to Cancun International Airport.
LOW PROPERTY TAX
This type of fee is practically non-existent. The property tax in Mexico is 0.001% of the house value, compared to 3% that is required in the United States and Canada.
FAVORABLE COST OF LIFE
The cost of living in Mexico is 60% lower than in the United States and Canada, and 40% less than in Europe. In conclusion, investing in Mexico will make you save and earn money.
The Riviera Maya’s location is among the best. This tourist destination is the number one in Mexico in terms of international arrivals. In addition, it has a first-level infrastructure, such as roads and airports. This guarantees a very relaxed stay and easy mobility in the area.
If you are interested in investing in the Riviera Maya download our eBook The Real Estate Bubble. Here you will discover the reasons why this destination is experiencing its second boom.