Select Riviera Blog

Advantages of buying in Riviera Maya Mexico

  • Admin
  • Nov 13 2020

Buying property in Mexico is still very affordable, a condo a few blocks away from the beach can start as low as the mid 170K. In this sought after market, many people that bought their property in the pre-construction stage have had a 25% equity gain upon completion of the project. On top of the low prices and the possibility of earning extra income, Mexico offers the homeowner extremely low property taxes: 0.001% of the value of your property, while the U.S. and Canada have an average of 3%. If you have a $350,000 USD Penthouse, your property tax would be around $350 USD a year, or less, if you pay early you can get a good discount.

Some Additional Benefits are

  • Lower property prices
  • Premier golf courses and beaches within walking distance of your home
  • All the amenities and services for a lower price
  • Lower property taxes, HOA fees and maintenance costs
  • Low cost of living
  • Houses built with rock and concrete, lowering the potential for hurricane damage
  • Insurance premiums are affordable

If you are planning on spending only a few months in Mexico and then go back home, your property can generate extra income during those months you are not using your property. High season in the Riviera Maya has 100% occupancy rates, and many people look into vacation rentals: furnished condos close to the beach. You can hire an administrator to deal with the rentals or many property’s offer rental programs. Some buyers use their condos just as an investment get as much as 8% ROI per year on their property, just by paying an administrator fee or a website to advertise their property. The Riviera Maya is a great investment option in a market that keeps growing.

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Playa del Carmen, MX

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