Real Estate Tourism
International tourists are playing an important role in the demands for real estate in Quintana Roo. With tourism and occupancy rates higher than in previous years, and projections stronger than any historical figure on record, the appreciation of Real Estate in the Riviera Maya continues to grow despite the slowdown in the United States market. .
As more tourists arrive in the Tulum, Playa del Carmen, Cancun and Cozumel areas, the more they fall in love with the local Caribbean beaches, Mexican history and warm Mexican hospitality.
Investment Property
There are different ways to invest in real estate in Mexico, a very popular investment option has been the condominium options before its construction in Quintana Roo.
In this real estate investment, buyers can reserve a condominium unit before construction has taken place. On some occasions, the developer may offer Mexican investment building options even before a parcel of land has been purchased.
The risks are offset by deep discounts on condo unit prices that many international buyers have found extremely attractive given international averages in beachfront condo prices.
“The procedure normally requires a reservation amount to be paid ranging from $ 5,000 to $ 10,000 USD”
This money is usually repayable upon request and a unit can be reserved for an average of 20 days, which is enough time for the investor and their legal advisor to review and analyze the promissory contract on real estate in Quintana Roo.
If the buyer, after analysis and review of the contract by his lawyers, decides to continue with the real estate investment, then a promissory contract will be signed between the seller and the buyer, usually the buyer re-sends a second payment at this time.
This deposit by formal contract can vary from 20% to 90% depending on the developer or the negotiation of the particular operation. Other payments and payment plans may include monthly transfers or transfers based on construction milestones.
“Once the property is completed, the developer can proceed to obtain a Condominium Regime in Mexico, which will then allow the delivery of the physical property, as well as the transfer of the legal rights to the property in Mexico”
Real Estate | Quintana Roo, Mexico
Real estate in Quintana Roo is one of the most demanded here in Mexico. Many economic factors and general trends that have occurred over the last two years in the North American and European economies are linking together to place Mexican Caribbean real estate as one of the most attractive properties for investors worldwide.
About forty percent (40%) of the properties in the Riviera Maya are being acquired by Mexican, American and Canadian foreigners, for which we are leading with the largest number of international real estate investors
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