As one of the world’s best places to retire abroad, Mexico has been popular among international investors for decades, and now Forbes has advised readers that this is an ideal time to invest in Mexico real estate, stating that Latin America’s second-largest economy is also one of the world’s top four places to buy a second home and/or vacation home overseas!
“Mexico offers two long coasts, mountain towns and colonial cities, plus Mayan ruins, jungle rain forest, rivers and lakes”, wrote Forbes. “It’s also the most accessible ‘overseas’ haven from the United States, since you could drive back and forth if you wanted”.
Why You Should Invest in Mexico Real Estate Right Now
Heading into 2019, the dollar’s current strength has created exceptional value in some of the world’s hottest investment property markets, including Mexico. This means right now is a fantastic time to invest in a vacation home or second / full-time residence, whether you want to collect ongoing rental income or plan to live in Mexico either full or part time.
Either way, house prices in Mexico are insanely affordable compared to other similar destinations, especially in the Riviera Maya along the Mexican Caribbean coast, which stretches for more than 80 miles south of Cancun. In fact, you simply can’t invest in Mexico real estate without first coming to the Riviera Maya, which is home to top vacation destinations like Playa del Carmen, Puerto Aventuras and Tulum.
“Expats [in Mexico] are enjoying a low cost of living at today’s exchange rates”, wrote Forbes. “While new arrivals are getting great property bargains”.
Getting to Know the Playa del Carmen Real Estate Market
The cost of living in Playa del Carmen – and throughout the entire Riviera Maya region – is extremely affordable, offering buyers a fabulous lifestyle at a fraction of the cost you would pay in other parts of the Caribbean. When you buy Playa del Carmen real estate, you also get to enjoy the many unique charms of this bustling international city, including excellent walkability on the Mexican Caribbean Sea and every modern convenience at your fingertips. There are hundreds of shops, restaurants and entertainment venues along Fifth Avenue, not to mention a large (and growing!) Playa del Carmen expat community, and the real estate market is red-hot.
“Mexico is home to the biggest established populations of American expats in the world”, wrote Forbes. “More than 1 million Americans live in Mexico, and more than 500,000 own homes here”.
Puerto Aventuras Real Estate for Sale in a Gated Community
Situated just 30 minutes south of downtown Playa del Carmen, the exclusive gated beach, marina and golf community of Puerto Aventuras offers a more secluded, intimate vibe. It’s easy to walk or ride a golf cart from the many different villas and Puerto Aventuras condos for sale to the various shops and restaurants around the international marina, which is also home to a beloved Dolphin Discovery experience. It’s also a breeze to connect with many different local tour operators in Puerto Aventuras, while the development’s professional golf course was designed by Thomas Lehman and the world’s second-largest barrier reef is located just offshore.
“Real estate trades in U.S. dollars or Mexican pesos, depending on the region”, wrote Forbes. “And the country’s accessibility from the United States makes it a top choice”.
Tulum Investment Property Offers Incredible Value in Paradise
Last but definitely not least, the eco-chic town of Tulum is home to the best beaches in the world and ancient Mayan ruins, including a stunning pyramid overlooking the Mexican Caribbean Sea. There are a wide variety of new Tulum real estate rentals available, including turnkey condos for sale and vacation homes that are designed to provide ongoing rental income, but could just as easily serve as your very own Tulum retirement haven one day. Despite the rustic feel of beachfront Tulum, the town itself (centro) is also home to plenty of shopping, dining and entertainment venues, which makes it easy to lose yourself here for as long as real-world demands will permit!
Do you have questions about how to invest in Mexico real estate? Post them in the comments!
Want to know more about buying investment property in Mexico? Read 10 Reasons Riviera Maya Real Estate Won’t Depreciate to see more of what the world’s hottest real estate market has to offer!