Riviera Maya’s weather, location, infrastructure, and tourist industry have made this location a very attractive and highly profitable place in which to live, invest, or vacation. A favorite of national visitors, international tourists, and retirees, this destination has proven the economic strength from its many attractions by registering a permanent double-digit growth rate. This has made foreign investors eager to pour their resources into this beautiful region.
Today, Riviera Maya stands out as one of the strongest developments in the area. There are several upcoming innovative projects involving tourism, industrial parks, residential areas, corporate buildings, and shopping centers that will further enhance this gem. Data from the Association of Real Estate Developers (ADI) reported that the members’ investments will reach 90 billion dollars by the end of 2018.
The latest Lamudi Real Estate Market Report (2018) described the state and its peninsular area as a very dynamic market, where vertical housing and mixed developments are expected to attract residents in cities with high growth rates. Such is the case of Playa del Carmen in Quintana Roo, which, in recent years, has grown exponentially because its supply is valued in dollars. This is due to the strong and permanent presence of foreign visitors.
Real estate opportunities for everyone
Where to buy or invest? There really is something for everyone here; from very ambitious commercial projects, to new vertical housing developments scaled for both investment and living. Riviera Maya also has made earnest efforts in building the best luxury shopping center in Mexico, which showcases premium brands and first-class entertainment.
Looking to invest?
Investment through mortgage credit (purpose loan) is still very much in demand—even more so when it is supported by the advice of a mortgage advisor. This credit specialist works with the main banking institutions in the country and has full knowledge of all mortgage products. These services and support are provided at no additional cost.
The latest offering in credit arrangements is the Presale Credit, through which many developments have multiplied their sales. This credit is issued before the house is completely constructed. The bank grants a certificate under which the rate is guaranteed and remains frozen for six to 24 months. Additionally, the financing institution can grant a personal credit of up to 20 percent of the value of the home to those lacking a down payment. These benefits make it possible to invest in real estate on presale.
Investing in or purchasing property is not a simple decision to be undertaken lightly, thus it is important to consider the different financial angles to get the best credit offer. The mortgage advisor will visit your home, office, or wherever you choose and make the appropriate bank proposals after an analysis of your profile and needs. This white-glove treatment will help you choose the best option.
“Whoever gets out of the real estate business does so because they don’t know what they’re doing.”