Having to invest in the Mexican real estate market can seem a little strange especially if you are a foreigner. As you have no concrete idea of how the Real Estate in Mexico works and especially in Riviera Maya. However, investing in Riviera Maya is safer and provides for a better return on investment than almost all US cities.
Here are major reasons you should choose to invest in Riviera Maya.
Riviera Maya is one of the top destinations for foreigners and locals after retirement and Mexico is a great tourist destination because of the culture and warm climate. Media portrayal of hostility and violence of Mexico is most often very inaccurate, as millions of people come for a vacation and leave without ever experiencing any violence or aggression. Riviera Maya is one of the safest places in Mexico, so you can be assured of a safe stay.
As a foreigner, it is very easy and straightforward to own property in Mexico. The law of buying property as a foreigner states that if you buy property within 50 kilometers of the coast, then they must set up a three-party fiduciary trust which permits a financial institution to hold the property title in your name. As the owner of a property, you are the only beneficiary of the trust and you are free to do whatever you want with the land so far as it falls within the local building laws.
Riviera Maya is one of the top destinations in Mexico and with Real Estate it is all about location. Riviera Maya is experiencing real growth over the past few years and is known for its amazing beaches. Riviera Maya is predicted to experience a boom in the coming years but however, it has already been making waves over the past few years.
Additionally, the occupancy rates of Riviera Maya are incredible which in turn means awesome real estate investment opportunities especially in vacation homes which double as income producing properties when not in use. Coupled with the fact that real estate prices in Riviera Maya are still very low as compares to other beach destinations.
Source: Bank of Mexico
Investing in real estate in Riviera Maya is advantageous on so many levels. Investors have access to great rental income, rapidly appreciating real estate prices and growth, a hedge against inflation, diversification for your investment portfolio and as real estate is a “hard asset,” it provides capital protection since land and property retain value independent of the nominal value of paper currencies and fluctuating markets.
Now you know all the advantages of investing in Riviera Maya, all you need is the right Real Estate Agent and the right property that can provide good cash flow. We can provide you with both a renowned Real Estate Agent and the right property for you, all you need to do is contact us.