The real estate industry in Mexico has experienced a sudden rise. This wave was predicted by many real estate gurus and now investors are flocking to get their share from of the pie. Over the past decade, expats and tourists have been in awe of the wonderful experiences Mexico has to offer. Many Mexican cities have seen rapid expansion. This has been attributed to the amazing cultural and recreational experiences offered by them. As a result of which the number of people looking to settle permanently in Mexico has increased dramatically. Out of all the cities in Mexico, the Tulum real estate market has grabbed the attention of investors as the next worthwhile tourist destination.
Why to Invest in Mexican Real Estate ?
The real estate market in Mexico offers a lot of promise. But money isn’t made on promises; it is made on strong reasons that help people like you make the right move. Read along to know the 3 reasons why you need to purchase real estate in Mexico.
1. Great Revenue Generation
If you are interested in purchasing a property in Mexico, you must be told about the exceptional revenue generation potential it has. First things first, the property taxes here are minimal. People are required to pay .01% tax of the total estimated value of the property.Other than low taxes, if you purchase a rental property you will get a 5% profit. This is better than many dividends and on top of that the appreciation is also taking place.
2. High Returns
The overall returns on these properties are great. If you are looking for a place to park your money, then Mexican real estate is the best place for you. Once you decide to sell it out, the profits gained will be high because of the fact that Mexican real estate is currently in boom and the expenditures are minimum.
The tourism industry of Mexico indicates that it is a place loved by all. Each year millions of tourist from around the world come to this country and fall in love with it. The beaches are awesome and so is the cuisine. So owning any real estate here is like owning a gold mine.