Mexico has been announced one of the most attractive countries for real estate investment, according to a CEO survey held by PwC. According to foreign investors survey Mexico is within top 10 investment destinations: it takes the 9th line on a global scale. Meanwhile, for US investors, it ranks fourth after China, the United Kingdom, and Germany. The fact speaks for itself, as there are many components of Mexico’s investment attractiveness, especially in its Caribbean coast, towns like Tulum and Playa del Carmen.
Real Estate Investment – Why Mexico?
Every year, thousands of Americans, Canadians, and Europeans move to Mexico to ensure a higher standard of living. They choose Mexico for many reasons such as:
- great climate
- a high-quality and affordable healthcare system
- low prices for food and transportation
- rich culture and generosity of locals
And most importantly, the foreigners’ income and savings in Mexico provide them with more purchasing power than back home. As a result, they enjoy a higher standard of living and the residents’ benefits. The most common way to acquire temporary or permanent residency status is buying a property. Moreover, here you can find a big choice of houses, condos, studios lots for any price tier. For example, in Believe Condos, Playa del Carmen, the prices for studios close to the beach start from USD 83,000. A good option for retirement, vacation home or just contribution of assets to obtain a stable income, isn’t it?
Strong Dollar is a Recipe for Success
The strengthening of the US dollar against the Mexican peso was the main factor of the real estate investment boom. This trend continues to this day. In 2018, the average annual number of property purchases made by foreigners has increased to 2,500 transactions. According to the Ministry of Foreign Affairs, in the years 2008-2017, the average annual deals’ rate was twice as little. Most of Mexico’s investment in real estate come on colonial cities like San Miguel de Allende and the Caribbean coast. So if you have dollars and want them to work on you, buying a property in Mexico is an excellent strategy!
Put the Matter in the Hands of Real Estate Professionals
It’s not a secret that the internet is full of ads for the real estate investment in Mexico. At the same time, it is very important not to fall into the clutches of scammers. Therefore, if you are new to this sphere and need in-depth advice, Top Mexico Master Broker is the right choice. Our international high-class team is ready to offer you various variants of the developments in Riviera Maya. So if are thinking of buying a property, contact us via the chat or the phone for more details.