The Yucatan Peninsula is one of the top investment opportunities in Mexico, according to Pablo Vazquez Rodriguez of the Mexican Association of Real Estate Professionals (AMPI). He sees it as a win-win proposition all the way around. When investing in Mexico real estate, you get everything you want at a more than fair price. At the same time, it helps improve the infrastructure and quality of life for the surrounding communities. This creates a balance in the economy from which everyone benefits.
The Yucatan Peninsula Will Be Home to Thousands of New Retirees
Over the last several decades, the Yucatan Peninsula has attracted thousands of people who have bought their retirement, vacation, second or rental property here. With North America’s vast retiring population coming to term, it is estimated that 10,000 ore more expats will migrate to the Yucatan Peninsula and the Gulf Coast region every year. These figures could steady themselves and even grow with every advancing year until 2030.
Retirees will be looking for places to settle down where they can maintain their standard of living on fixed incomes. Mexico will be quite appealing for them with its inexpensive cost of living that includes such advantages like great property prices, low taxes and the exchange rate between currencies. Combine this with great weather, beautiful beaches and an accepting culture and you’ve got a great Mexico retirement destination.
The Yucatan Peninsula has a wide array of destinations to choose from to say the least. The ones listed below are just a few that offer a variety of amenities and landscapes.
Holbox
This small island off the tip of the peninsula has a charming and rustic feel. The only mode of motorized transportation is golf carts. There are no corporate signature stores, restaurants or themed entertainment. Because of this, you can spend your days walking on the sandy beaches or exploring the surrounding jungles. Enjoy your favorite cuisine and refreshing beverages at one of the many colorful restaurants after browsing the local boutiques.
Tulum
This up-and-coming town has something for everyone. Here you can spend time in Tulum downtown enjoying traditional shops and food. You can also go relax in its world-class beaches and turquoise Caribbean waters. When evening comes around, you can experience pleasurable dining in numerous restaurants. There are Mayan ruins to be explored and plenty of nearby theme parks. Besides, the options for Tulum real estate are vast, as well!
Isla Mujeres
There is a thriving economy in Isla Mujeres fueled by tourists from all over the world. It offers great real estate opportunities and a modern lifestyle with an affordable cost of living. There are plenty of activities for everyone to enjoy. You can also enjoy its quaint little shops and variety of restaurants. Isla Mujeres real estate offers all types of options from resort-style living to more traditional, family-style homes. Moreover, it is just a short ferry ride from Puerto Juarez, making it easy to reach.
Playa del Carmen
This world-renowned destination usually comes up when people are looking for an exciting getaway. Playa del Carmen has something for everyone. This once small fishing village has developed into a mecca for vacationers, snowbirds and expats alike. The amount of Playa del Carmen real estate options has made it a foreigner favorite looking to relocate. Its pedestrian-friendly Fifth Avenue consists of boutique shops, worldly cuisines and international nightlife. Those are just a few of things available to do. Additionally, the white-sand beaches and turquoise waters of Playa del Carmen attract travelers from around the world, making it a great place for real estate investments.
Merida
The capital of the state of Yucatan promotes a diverse culture in many ways. Merida is filled with Mayan history, ancient culture and an ever-growing art community. For this reason, it has rise from being a mere city to becoming the jewel of the Yucatan Peninsula. This metropolitan city blends past traditional architecture with a new-age influence. Its population is becoming a higher income society that brings technical diversity and creative thinking. There has been an increase of expats flocking into Merida wanting a vibrant life with all the modern amenities included.
Cancun
Another important city that lends a vital element to the Yucatan Peninsula’s success is resort-haven Cancun. Its international airport has seen over 23 million passengers in 2018, a 6.8% increase from 2017. Moreover, the Cancun real estate market offers plenty of options for all styles, from multi-family homes, virgin lots for building, luxury condos, and much more throughout its many neighborhoods. It offers both a chilled lifestyle and all the amenities one might need.
Regardless of where along the Yucatan Peninsula you decide to settle in – and with which purpose – you will find plenty of reasons to invest in the region. With the constant improvements of the region’s infrastructure, its integrated resources and plans for new transportation systems, investing in the Yucatan Peninsula is a no-brainer. And if you’re keen to start exploring the many real estate opportunities here, make sure to check out our thousands of listings waiting for you to call them home.
And remember, at Top Mexico Real Estate…we make it happen!