Published On: Thu, Jan 12th, 2017

Experts say now is the best time to find your dream home in Riviera Maya

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If you’ve been toying with the idea of buying income property overseas, there are many viable and tempting opportunities to be found across the globe. However, I believe that one opportunity far outweighs all the rest and here’s why.

International Living has recently named Mexico as the number one retirement destination in the world and the Riviera Maya, along Mexico’s Caribbean coast, remains the number one tourist destination in all the Caribbean. With such broad public attention now focused on Mexico and the Riviera Maya, this is an area well worth considering if you are looking to invest in real estate overseas.

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Casa Riviera (Photo: Google)

With some 5 million tourists flocking to the area each year, most arriving through Cancún’s bustling international airport, this area is always ripe for investors seeking a nice return on their outlay. Hotels in the Cancún area regularly report occupancy rates over 90%, attesting to the area’s stability and popularity among tourists.

An investor who purchases, for example, a condo with close access to beachfront, and rents the property to vacationers, can easily expect similarly high occupancy rates when properly managed. And there are many good management companies in the area. Weekly vacation rates are commonly seen in the $750 to $1200 range or more—depending on the size, amenities, and location of the property.

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Source: International Living

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