- October 3, 2019
- 83
- Eco News
Right now is the best time to invest in real estate in the Riviera Maya. The reason is that the tourism industry are on the rise and the demand is outpacing supply.
This magical region in Mexico covers more than 80 miles along the Mexican Caribbean coast. The Riviera Maya lies just south of the Cancun International Airport, a characteristic that offers easy access and modern infrastructure for the millions of visitors that visit the area annually.
Playa del Carmen, Cozumel, Tulum and Puerto Aventuras are some of the hotspots of the Riviera Maya. The different locations provide an outstanding mix of activities, including shopping, dining in different types of restaurants, enjoying the beach and practicing outdoor sports.
Keep reading to find out the best reasons to invest in real estate in the Riviera Maya.
Rising Numbers in the Tourism Industry
According to the United Nations World Tourism Organization, Mexico is the 8th most popular destination for going on a holiday in the whole planet. Besides, the Riviera Maya in general and more specifically Cancun are considered to be the most popular tourism destinations in the country.
Booming Real Estate Market
In Latin America, the Riviera Maya is the fastest growing real estate market. The area brings better value for a money investment than any other popular location for going on holidays in the continent.
Great Return on Investment
Investing in a property that is going to be used as a vacation home rental provides an average of 8 to 14 % of annual return. This percentage beats the return of investment obtained by the stock market and it does not have volatility or abrupt changes.
Impressive Occupancy Rates
The occupancy rates for one year draw an average of 85 % in the Riviera Maya. This number is remarkable, even for one of the world’s top beach destination.
Fast Property Appreciation
Properties bought in the Riviera Maya will never depreciate. The region boasts high equity gains of 8 to 10% annually. Besides, there is a continued area growth projected for the next few decades.
Outstanding Value
Real estate prices in the area are lower than those in other beach vacation destinations around the world. Investors in this area of Mexico get a higher return on investment and enjoy faster appreciation of their properties.
Top Destination
More than 70 % of the dollars spent by the tourists in Mexico are concentrated in the Riviera Maya. This fact makes this place a top destination in the country and, therefore, it is the best site for making a real estate investment.
World-class Infrastructure
The Riviera Maya has one of the best airports and one of the best highway transportation systems. Modern infrastructure and world-class amenities are the norm in Playa del Carmen, Tulum, Cozumel and Puerto Aventuras.
Accesible
There are hundreds of daily flights coming into and out of the Cancun International Airport. Because of this, the Riviera Maya is easily accessible for travelers from the United States, Canada, Europe and other destinations.
