Should you buy real estate in Mexico? Well, the simple answer is yes, you should!
Just so you know, owning a property in a top destination can offer portfolio diversification and amazing ROI.
Still unconvinced? Here are some of the best reasons why buying real estate in Mexico is a decision you will never regret.
1. Familiarity with the Culture
As a close neighbor to both Canada and the USA, Mexico shares a lot of cultural traditions as well as other similarities. Whether it is activities, shopping, food, or drinks, Mexico has a touch of American influence in the same way that the influence of Mexico is prevalent north of the border.
2. The US Dollar is Strong
The Canadian and US dollars both enjoyed historic highs against the Mexican peso that means amazing bargains for the investors. Mexico offers great value compared to the rest of the world’s famous vacation destinations in terms of real estate investments to the cost of living to daily expenses.
3. Access is Easy and Simple
The hottest locales in Mexico offer easy accessibility to the major international airports that offer lots of connecting flights to cities all over the world. It makes it easier and more convenient for tourists and owners alike to travel back and forth. It also makes it very much possible to reach 80% to 90% yearly occupancy rates in areas such as the Riviera Maya.
4. Good Returns on Investment
In most hotspots such as the Riviera Maya stretching south for 80 miles along the Mexican Caribbean coast including top vacation destinations such as Tulum, Puerto Aventuras, and Playa del Carmen, turnkey vacation home rentals offer high ROI that can beat the stock market and offer a good hedge against inflation at the same time.
5. No Depreciation on Property Values
Vacation homes in Mexico also enjoy excellent appreciation and property values won’t suffer from deprecation. Here, the real estate market is one of the top 10 fastest growing property markets in the world and the demand easily outpaces supply.
6. Expats and Locals Speak English
Don’t worry if you can’t understand a single Spanish word because Mexico is now the residence of ex-pats coming from the US and Canada. Most of the locals also speak English including professionals such as doctors, dentists, lawyers, and restaurants, and retail workers.
7. Better Investment Value
If you will try to compare the price of vacation houses in Tulum that is near the Mexican Caribbean Sea with the price of similar properties in Florida, California, or anywhere else in the region, you might be surprised with their difference. Aside from this, the top destinations in Mexico provide an amazing selection of unique activities and adventures you won’t find in other parts of the world. It means that there is always something in store for the most adventurous investors here.
8. Modern Infrastructure
Mexico abounds with modern infrastructure so you can look forward to feeling comfortable and right at home. These include major highways, high-speed internet, international schools, outstanding medical facilities as well as major brand name retail outlets.
Should you buy real estate in Mexico? You should if you want to enjoy all these benefits and more!