With tourism numbers on the rise and demand outpacing supply, there has never been a better time than right now to start real estate investing in Mexico’s Riviera Maya! This magical region spans more than 80 miles along the Mexican Caribbean coast, and lies just south of the Cancun International Airport, offering easy access and modern infrastructure for millions of annual visitors from around the world.
The Riviera Maya is home to the tourism hotspots of downtown Playa del Carmen, Cozumel, Puerto Aventuras and Tulum, offering an exciting mix of activities, shopping, dining and unforgettable adventures that you won’t find anywhere else in the world! Here’s a quick rundown of top reasons why international investors are buying Riviera Maya real estate right now!
Rising Tourism Numbers
Mexico is the 8th most popular vacation destination in the world, according to the United Nations World Tourism Organization (UNWTO). Furthermore, Cancun and the Riviera Maya were recognized as the most popular tourism destinations in the country.
Rapidly-Growing Real Estate Market
The Riviera Maya is the fastest growing and hottest real estate market in all of Latin America and offers better value for your money than any other popular beach destination in the world that is equipped with modern infrastructure, luxury services and first-rate amenities.
High Annual Occupancy Rates
Occupancy rates for 12 months average 85% in the Mexican Caribbean, which is impressive, even for one of the world’s top vacation location.
Great Return on Investment
Investment properties are providing an average 8-14% annual return on investment for vacation home rentals, which effectively beats the stock market… With none of the volatility.
Rapid Property Appreciation
The entire region boasts consistently high equity gains of 8-10% annually as well, with continued area growth projected for the next few decades (at least), which means Riviera Maya real estate will never depreciate.
Real estate prices in this part of Mexico are much lower than other top beach vacation destinations worldwide, which means investors will get higher return on investment and enjoy faster appreciation.
Top Destination in Mexico
More than 70% of all tourism dollars in Mexico are spent here in the Riviera Maya, making it the top destination in Mexico and the best place for real estate investment.
Mexico has exceedingly low property taxes, which come in at around 1/10th of 1% annually, making real estate investment affordable from a tax perspective at virtually any price point.
The Mexican Caribbean is rated as having one of the best airport and highway transportation systems, making modern infrastructure and world-class amenities the norm in Playa del Carmen, Cozumel Puerto Aventuras and Tulum.
Easy to Access
With hundreds of daily flights coming into and out of the Cancun International Airport, this region offers easy access for travelers from the US and Canada, as well as Europe and many other worldwide destinations. In 2017, the Cancun International Airport received more than 23.5 million passengers, and 1 million extra airline seats were added to Cancun from more than 20 countries!
Thriving Expat Community
There are more than 47 nationalities represented here in the Riviera Maya, making it a truly international community. Expedia also named Playa del Carmen the “Friendliest City in Latin America,” while Mexico has consistently been named one of the best places to retire abroad.
This part of Mexico – from Cancun down to Tulum – is home to some of the world’s top hotels, so you can expect to see a wide variety of major corporate brands represented here.
The weather here generally averages around 85 degrees, with 300 days of sunshine throughout the year, and the water temperature of the Mexican Caribbean Sea averages 80 degrees
Best Beaches in the World
I just can’t emphasize enough that the Riviera Maya is home to some of the top beaches on the planet.
The Mexican Caribbean is home to the world’s second largest barrier reef, so world class water sports and deep-sea fishing are also available here, along with a wide variety of other unforgettable options, such as exploring ancient Mayan ruins and swimming in magical freshwater jungle cenotes.
Fantastic Shopping & Dining
You can also expect to enjoy world-class shopping and fine dining at a fraction of the cost you would pay anywhere else.
Low Cost of Living
Speaking of costs, the overall cost of living is also much lower in Mexico, so travelers from the U.S., Canada and Europe can generally expect to pay about half of what they would back home.
Do you have questions about investing in Riviera Maya real estate? Post them in the comments!
Read Top 20 Reasons to Buy Vacation Home Rentals in Mexico’s Riviera Maya and learn more about what makes this a top location for real estate investment!