6 Real Estate Investment benefits of the Riviera Maya
by Zoom Playa on January 6, 2023
The Riviera Maya is a stunning stretch of coastline located on the eastern coast of Mexico’s Yucatan Peninsula. It is home to some of the most beautiful beaches in the world, as well as ancient Mayan ruins, cenotes (natural swimming holes), and lush jungle. In recent years, the area has become a popular destination for tourists and real estate investors alike. Here are some more reasons why investing in real estate in the Riviera Maya is a smart move.
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Affordable prices
Real estate prices in the Riviera Maya are still relatively affordable compared to other popular tourist destinations. This makes it an excellent opportunity for investors to get a good return on their investment. For example, you can find a nice two-bedroom condo in Playa del Carmen for around $200,000 USD, while a luxury beachfront villa in Tulum can go for upwards of $5 million USD.
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Strong rental demand
The Riviera Maya is a popular vacation destination, which means there is strong demand for vacation rentals. This makes it a great location for investors to consider purchasing a vacation home or condominium as a rental property. In popular areas like Playa del Carmen and Tulum, you can expect to see occupancy rates of around 80-90% during the high season (December to April).
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Growing tourism industry
The tourism industry in the Riviera Maya is continually growing, with more and more tourists visiting the area every year. In 2019, the region welcomed over 10 million tourists, and that number is expected to continue to rise. This bodes well for rental property owners, as they can expect a steady flow of income from vacationers.
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Beautiful natural surroundings
The Riviera Maya is home to some of the most beautiful natural surroundings in the world. From the crystal clear waters of the Caribbean Sea to the lush jungle and ancient Mayan ruins, there is something for everyone to enjoy. The area is also home to a variety of wildlife, including dolphins, manatees, monkeys, and a vast array of tropical birds.
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Strong potential for appreciation
As the Riviera Maya continues to grow in popularity, real estate prices are likely to increase. This means that investors who purchase property in the area now stand to benefit from potential appreciation in the future. In addition, the Mexican government is investing in infrastructure projects in the region, which is expected to further boost property values.
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Lifestyle benefits
In addition to the financial benefits of investing in real estate in the Riviera Maya, there are also many lifestyle benefits to consider. The area has a laid-back, tropical vibe and a strong sense of community. It is also a great place to retire, with a low cost of living and excellent healthcare.
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Overall, the Riviera Maya is a fantastic location for real estate investment. With its affordable prices, strong rental demand, growing tourism industry, beautiful natural surroundings, and strong potential for appreciation, it is an excellent opportunity for investors to consider. So if you are looking for a place to invest in real estate, the Riviera Maya should definitely be on your radar. Contact us to learn more.
