Fully understood that the COVID issue has us all overwhelmed. That what we want is to clear our minds a little, forget about the isolation we live in, the fear of physical contact and infection by other people, we prefer to imagine that we are somewhere else enjoying life. If they tell you , “imagine being in paradise” ,what image comes to mind? Sand, sea, exquisite food and first class service. For this reason, in added to an ancient mystical atmosphere surrounded by a deep jungle, its what makes the Riviera Maya and especially Tulum one of the most profitable real estate markets on the planet. Take a look at this;
a) According to a survey carried out by Preferred Hotels And Resorts, 54% of its clients plan to travel in 2020 once the restrictions are over, in addition, in this same survey, Mexico is part of the Top 10 of preferred tourist destinations.
b) The power that the USD Dollar has recently acquired against other currencies has created an increase in purchasing power of up to 20% in recent times. The great advantage of all this is that, the projects are developed in Mexican pesos, so the value of these properties keep an exchange rate that means that by the simple transaction you are generating a profit.
c) Another important point to analyze is that year after year, tourism in Mexico has grown at a rate close to double that of the rest of the world with about 8% annually and with an average of 43 million tourists each year and an economic spill of 750 MILLION USD.
d) If you are looking for a retirement home or a secure source of income, the real estate market in Mexico is undoubtedly an attractive option. Starting with its low cost, since on average with only 150,000 USD you can have access to a property that you can rent through Airbnb or various platforms. Tulum only in 2019 closed with an increase of 32% compared to 2018.
e) Finally, there is the Maya Train. This project, which will cost 8 BILLION USD, will be an important tourist and economic trigger throughout the Peninsula de Yucatan, uniting 5 different states and Tulum being one of the most important stops in it. It is estimated that by 2024 the operation of the same will begin.
So despite these difficult times we are going through, being aware of the opportunities that exist in the increasingly globalized market is a piece of advice that we must take.
If it is in your interest to be part of this real estate market, click on our section of Us where you can discover unique opportunities to invest.
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