Mexico ranks first of the 30 favorite US and Canadian destinations for second home searches. It is also one of the world’s top tourism destinations and is the top retirement destination for Americans who want to spend all or part of the year in a warmer climate during the winter months.
With real estate in Mexico, it’s all about location, and the real growth is in Tulum. Situated just south of Playa del Carmen and the Cancun International Airport in Mexico’s Riviera Maya, the Tulum area is known for having the best beaches in the world, and the Tulum real estate market is poised to experience a major expansion. The Riviera Maya, with its beautiful Caribbean coastline and relaxed atmosphere, offers a positive outlook for continued growth.
Mexico’s low property taxes, cost-of-living and inflation rate make the country an affordable opportunity for investment. Personal expenses such as food and clothing, medical and dental are also significantly lower. In addition, the strength of the dollar against the peso is one of the most compelling reasons to invest in Mexican real estate. In 2016 and 2017 the number of closed sales to foreigners rose to 1,105 on an annual average compared to 663 from 2008 to 2015 according to information obtained through a Transparency request to the Ministry of Foreign Affairs (SRE). In fact, the appreciation in many areas, especially on the coasts, can be substantial, with 50% or more per annum as a realistic possibility.
Unique Selling Points
Why Skyline Tulum is Especially Advantageous for Investors