Expat Real Estate Owners of Riviera Maya

Ranging from Tulum to Cancun, Mexico’s Riviera Maya is represented by more than 47 nationalities all Real Estate owners, making it a truly international community. It is considered to be one the world’s grand coastal destinations due to its blue Caribbean waters, its relatively warm weather, and its bleached sands.

Moreover, thanks to the regions profitability and great investment from the private and government sector, the feel is modern with regard to amenities, utility and infrastructure. And, surprisingly, Mexican culture—from the food to festivities, is very much alive and kicking in the Riviera Maya.

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The east coast of the Yucatán Peninsula was decided to be made a focal point for tourism and expenditure by the Mexican government in the 1970s. The government funded the construction of hotels and Real Estate properties on the island of Cancun. This laid the foundation to development left, right and centre, on the coast, making it a popular tourism spot for people from all around the globe. It was found, soon after, by expats that living on the Riviera Maya had its own
charms.

This has very quickly become a favored spot for tourists mainly because it has something in it for everyone: seaside village, an advanced city lifestyle, and even resort style living, affordable Real Estate and lifestyle. Expats have found that the resources for comfort are just like at home, only with serenity amplified. Here is a list of familiar places in the Riviera Maya: Costco, Sam’s Club, Office Max, FedEx, UPS, DHL, Home Depot, English-speaking movies. Starbucks, Haagen Daz, McDonald’s, Burger King, Wal Mart, etc.

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Tulum

Now, Tulum has been one of the most rapidly-growing home markets in terms of popularity, as a holiday destination, in the Riviera Maya. It is considerably higher rated and priced when compared with the Playa del Carmen and Cancun. Tulum was given the Trip Advisor award for ‘Top Destination on the Rise’ back in 2016. With occupancy rates above 80% in high season, an overly impressive 65% in low season, and an average
property price increase of 10% per year.

Medical care in Mexico provides personal supervision and attention by highly certified physicians, along with ultra modern facilities and equipment. The care is so very fine that Mexico is quite quickly becoming a topmost medical tourism destination for numerous North Americans .

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You should be willing to pay an above average rent in Tulum than in various other areas of Mexico. In order to buy a two bedroom 1,200 square feet condo you will be spending around U$150,000. Rent for the same two-bedroom apartment will pay you around $1,200 to $2,500, per month depending on the season.

Tulum’ Real Estate, like all other tourism venues, was affected by the 2008 global turn down and recovery was rather slow. Since then the markets have boosted over the last few years. Tulum has been the focus of developers for the last few years and they have been gobbling up property.

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Tulum Condos for sale is a phrase gaining more than normal acceptation in Mexico. This is a root cause for expats and retirees moving to the Riviera Maya. Buying Condos and putting them up for sale at a profitable price seems like a worthwhile activity to these people.

Playa del Carmen

Playa del Carmen Real Estate is an increasingly favored investment choice among people who seek a second home or a property they can make a quick profit.

An hour’s drive south of Cancun is the city of Playa del Carmen. And, like all the colonies alongside Riviera Maya, “Playa” (as the locals call it), or Playa del Carmen began its life as a small fishing site or village. Playa, in the present day, is a vibrant, multiracial Caribbean city with various upscale
localities and gated communities, theme parks, art, nightlife, and an expansive, beautiful beach on the shore of the Caribbean Sea.

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Homes up for purchase in Playa del Carmen come in all sizes, prices, locations and proximity – and all levels of opulence. Similar to what is mentioned above, Playa del Carmen condos for sale is a phrase that
waters the mouth of an expat looking to make a bit of profit in Mexico along with enjoyment of the lush atmosphere in the coastal areas.

Now, keeping in mind that living in Playa del Carmen is much cheaper than life in Tulum, it must be noted that the cost of living in Mexico overall is much cheaper than anywhere else. As exotic as lifestyle in Mexico might be, the cost of living will vary whether you plan to make the move alone, with a spouse, or your family, of course. It all depends on what you choose to do with your time, and if you have children to take care of and feed.

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To simplify things a single person would have to spend around U$35 per day. Bear in mind that this expenditure includes your food (no gas usage at home) and socialization. Be it, making new friends or simply going with the flow in a crowded centre of attraction. You can easily find a 5-star, triple course meal for less than U$50 in Playa!

Get in touch with us to learn how you can start your adventure of becoming an ExPat in the Riviera Maya.