Buyers Guide

TO MEXICAN CARIBBEAN REAL ESTATE

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Whether you're a first-time homebuyer, seeking a second home, a retiree, or an investor aiming to expand your real estate portfolio, numerous considerations come into play before purchasing property. Nonetheless, experts concur that now is the opportune moment to invest in Mexican Caribbean real estate. As a long-term investment, real estate offers stability that is crisis-resistant, and with current affordable real estate prices, the timing couldn't be more ideal.

MEXICAN CARIBBEAN

AN INVESTMENT THAT PAYS OFF

AFFORDABLE REAL ESTATE PRICES:

The cities of Cancun, Playa del Carmen, and Tulum rank at the top of the list of Best Places to Buy Real Estate in Mexico.

LOW PROPERTY TAXES:

Mexico boasts very low property taxes, rendering investments even more enticing. Feel free to inquire for further information on specific properties!

EASED TRAVEL:

Cancun stands out as one of the most easily accessible airports globally, attracting visitors from around the world. With the addition of the new international Tulum airport, accessibility to the Riviera Maya region is further enhanced. Europeans often visit during the summer months, while North Americans and affluent Mexican nationals frequent the area year-round.

HIGH OCCUPANCY RATES:

Vacationers, digital nomads, and business travelers dominate the rental market in the Riviera Maya. With a recent surge in demand, hotels often operate at 90% or higher occupancy rates. Investors can capitalize on this trend by owning private condos or houses, or even hotels and condo residences combined, offering high returns and a worry-free plan.

INFRASTRUCTURE PROJECTS

Projects such as the Mayan Train, Tulum Airport, Formula 1 racetrack, top-notch healthcare hospitals, and international schools underscore the region's development.

ASSESS PRE- CONSTRUCTION OR IMMEDIATE DELIVERY

Engel & Völkers boasts an extensive portfolio of pre-sale properties where investors can realize up to 20% capital appreciation by the time the project is available for delivery, enabling them to generate passive rental income promptly.

EXPAT FRIENDLY

Mexico ranks as the second happiest country for expatriates, offering a balanced work-life environment.

COST OF LIVING

Living in Mexico tends to be more affordable compared to many other countries for several reasons. One significant factor is the lower cost of goods and services, including housing, groceries, transportation, and healthcare. Additionally, the favorable exchange rate for currencies such as the US dollar or euro often stretches expatriates' purchasing power further. Mexico offers a lower cost of living due to its moderate climate, which reduces expenses associated with heating. Overall, the combination of lower costs and favorable exchange rates makes Mexico an attractive destination for those seeking a more affordable lifestyle without sacrificing quality.

RIVI E R A

Cancun

Investing in real estate in Cancun is a highly profitable venture due to its exceptional connectivity with the USA, Canada, and Europe. Cancun International Airport serves as a major hub, offering direct flights to numerous cities across North America and Europe, making it easily accessible for both tourists and investors. This connectivity not only drives tourism but also attracts foreign buyers seeking second homes or investment properties. Additionally, Cancun's strategic location along the Caribbean coast of Mexico, coupled with its world-class amenities, beautiful beaches, and vibrant culture, further enhances its appeal to investors. With a steady influx of visitors from these key markets, investing in real estate in Cancun promises excellent rental income potential and long-term appreciation, making it a lucrative opportunity for savvy investors.

Playa del Carmen

Investing in real estate in Playa del Carmen can be highly profitable for numerous reasons. Once a quaint fishing village, Playa del Carmen has transformed into a bustling tourist destination and a hotspot for real estate investment. The city's exponential growth over the years has led to increased property values and rental income potential. Its prime location along the stunning Caribbean coast of Mexico, coupled with its vibrant culture, beautiful beaches, and thriving tourism industry, make it an attractive option for investors seeking lucrative opportunities. Additionally, Playa del Carmen boasts a strong infrastructure, including modern amenities, transportation networks, and healthcare facilities, further enhancing its appeal to investors. With a steady influx of tourists and expatriates, the demand for rental properties remains high, ensuring a steady stream of income for investors. Overall, investing in real estate in Playa del Carmen offers both financial rewards and the opportunity to own a piece of paradise in one of Mexico's most desirable destinations.

Tulum

Beyond its picturesque beaches and crystal-clear waters, Tulum boasts a unique blend of culture, history, and natural beauty that attracts tourists and investors alike. The city's booming festival season, featuring renowned music and cultural events, draws a diverse and affluent crowd, driving demand for rental properties and vacation homes. Additionally, Tulum's proximity to ancient Mayan ruins, including impressive pyramids, offers a rich cultural experience for visitors and adds to the city's allure. Moreover, Tulum is renowned for its breathtaking cenotes, natural sinkholes filled with pristine turquoise water, which serve as popular tourist attractions and contribute to the area's appeal for real estate investment. With its combination of cultural heritage, natural wonders, and thriving tourism industry, investing in real estate in Tulum presents an enticing opportunity for both financial growth and personal enjoyment. Tulum, located in Quintana Roo, boasts stunning beaches and captivating Mayan architecture. Real estate market is booming, offering investors increased returns on investment through assets such as summer homes, luxurious villas, and land in the Riviera Maya.

Tulum Engel & Völkers

Photography: @edgar_pach

OUR KEYS TO SUCCESS FOR BUYING A PROPERTY:

Buying real estate in the Riviera Maya, Mexico, as a foreigner involves a straightforward process:

1. Contact an Engel & Völkers Advisor: Begin by reaching out to an Engel & Völkers advisor who specializes in the Riviera Maya region. They will guide you through the entire buying process and provide expert advice tailored to your needs.

2. Find Your Ideal Property: Work closely with your advisor to identify your dream home or investment project in the Riviera Maya. Whether you're looking for a beachfront villa, a condo in a resort community, or a piece of land for development, your advisor will help you explore all available options.

3. Reservation Payment: Once you've selected a property, you'll need to make a reservation payment to secure it. This demonstrates your commitment to the purchase and reserves the property for you while the necessary paperwork is completed.

4. Promissory Purchase Contract & Down Payment: The next step involves executing a promissory purchase contract and making a down payment. For pre-sale properties, this may also involve initiating the process for a deicomiso (trust) or company creation, depending on the property's location and regulations. Further payments will follow according to the agreed-upon payment plan.

5. Transfer of Titles: Once all payments have been made, the transfer of titles will take place at a notary's o ce. This legal process ensures that the property's ownership is o cially transferred to you as the buyer. At this stage, you'll make the nal payment for the property.

6. Handover: Finally, upon completion of the transfer of titles and nal payment, the property will be handed over to you.

Congratulations – it's now o cially yours! Your Engel & Völkers advisor will be there to assist you every step of the way, ensuring a smooth and seamless buying experience.

BREAKING IT DOWN: THE BUYING PROCESS

The decision to purchase a home is personal, combining strategic thinking with emotions. As your consultant, an Engel & Völkers advisor aids in understanding the Mexican market, tailoring the approach based on your goals. When considering the property itself, outline key factors and features pertinent to your search, including your buying power, must-haves, type of property, and location.

Live Your Luxury

At Engel & Völkers, we view our clients as partners for life. Beyond the initial purchase, our advisors connect you with experts to enhance your experience within your new community, embracing the intangible qualities that truly make a house a home.