Wednesday, October 28, 2009 11:15 AM
Sayra de la Torre
BETTER THAN GOLD
The vast majority of my past and present clients have made their Mexico real estate investments in cash and therefore can typically wait out any downturn in the real estate market. In down markets, cash is king and real estate investors in the game for the long haul can certainly find great asset bargains. As good investments become harder to find in today’s financial markets, Playa del Carmen real estate and Cancun real estate are two markets that are attracting alot of attention from foreign real estate investors. With the slowdown in sales, developers are now open to offering discounts on their Mexican Caribbean real estate and savvy investors can pick up as much as 10-15% on their investments immediately. Investing in real estate in the Mexican Caribbean is very different than investing in the stock market, gold or other types of investments. While they all may rise or fall, investing in Playa del Carmen real estate or Cancun real estate, two of the “hottest” tourist destinations in the world, is also an income producing investment. With millions vacationing in these areas annually, most investors choose to use their Mexico real estate as a vacation rental property which can produce a net profit of 6-18 %. They also have the benefit of using their dream home in the Caribbean for their personal use and enjoyment. In addition, income producing properties are less volatile and tend to remain much more stable during times of economic devastation.
So while the dow may be up and gold prices may be on the rise, it is only a Playa del Carmen real estate or Cancun real estate investment that can give you a sense of security, a fair ROI and a breathtaking view of the white sand beaches and pristine turquoise waters of the Caribbean.