Great Return on Real Estate Investment in the Mayan Riviera
by Zoom Playa on July 3, 2019
Tourism statistics are increasing in the Maya Riviera, and demand for real estate goes beyond availability. Mexico is currently the 8th most famous tourist destinations in the world, as per the United Nations World Tourism Organization (UNWTO). Moreover, Riviera Maya is the country’s biggest tourism locations. Buying a property in this ever growing region of Riviera Maya has, therefore, proven to be a reliable and insightful investment option.
Read below to find out how you can achieve a high return on investments by investing in Mayan Riviera.
1. Award-Winning Destination
Of course, people continue to invest in Riviera Maya because it is an award-winning destination. The Riviera Maya continues to receive credits for being Mexico’s best tourist spot. What started off-the-beaten-path paradise as a backpacker has now become a super holiday spot with the purest white-sand beaches, stunning turquoise waters, and beautiful weather.
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Due to such credit given to Mayan Riviera, the demand for housing is always increasing. So it is safe to say due to demand that the property sales will continue to rise. Also to consider are the numerous avents coming to the region such as the new Riviera Maya Formula 1 Grand Prix, the Riviera Maya Jazz Festival and the new Mayan Train.
2. Taxes
The taxes on real estate in Mayan Riviera, Mexico, is around 0.3%, which allows you to enjoy most of the returns that you get. While the demand for real estate is always high in Mayan Riviera, with the low tax rates complimenting the demand, you can make the most out of the investment in this tourist spot. Both local and international investors are looking to enter the real estate market in the region to experience the advantages of a high return on investments.
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3. It’s Inexpensive
Even though some people would say that Riviera Maya is an expensive place, many would also say that it’s one of the cheapest places they have visited with such quality services. You will be spending only half of what you would spend in the USA, Canada or Europe. It benefits the tourism industry because the weak currency has made the prices even cheaper since the pesos have fallen by 15%. Also, you can count on having world-class shopping and fine dining at a quarter of the price you’d pay elsewhere.
If you invest in Riviera Maya, the cost of living and traveling will be much less than what you would be receiving as return on the investment. When your expenses are lower, you will be automatically able to experience a higher profit. It would apply to you, especially if you belong to a country that has a stronger currency.
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4. Strong Annual Appreciation
Moreover, the Riviera Maya also has a steady annual capital rise of 8 to 14 percent, with constant development of the area expected for the next decades (with initiatives such as the Mayan Train or Amikoo, which is the Mayan cosmology theme park). It implies that real estate will grow in value. Since Mayan Riviera is a growing economy, the currency and economy seem to be ever-growing, which in the long term will provide a lot of gain to those who invest now.
Take advantage of the seasonal offers of real estate for sale in cities like Playa del Carmen, Cancun, Puerto Morelos or Tulum.
Riviera Maya is one of the best places to invest now, especially if you are looking forward to a higher return on investment. Reach out to us to see how you can take advantage of the most recent offers.
