Homes sales are up!
Yes, the demand for property in the Riviera Maya is up. Last year’s sales have been outstanding, and there’s still a lot of interest.
Demand for property in the Riviera Maya
People want to purchase properties in Tulum. Although it is a little town, the population now is close to 50,000. It’s still a small town, but the demand for property in the Riviera Maya continues growing quite strong. There seem to be a good number of projects going on, but the market is keeping at a pretty good pace. It is leveled.
Playa del Carmen as well, the inventory that is available to be sold is at a pretty good level, the projects that are coming out are doing it at an excellent pace.
Riviera Maya is now adjusting to the extraordinary changes in regards to the demand and supply of the 2021 season.
There were a significant number of sales. And although the developers are being conservative, there’s still a demand for those unique, extraordinary places.
Projections for 2022
In the first two quarters of 2022, the market will continue with a very strong demand. Maybe at the end of the quarter, it might take up. There’s a little bit of concern with the inflation that’s hitting now. For example, in the groceries, you see prices increasing at a very fast pace. And that is because inflation is starting to settle in.
We need to keep an eye on the interest rates for mortgages. The word on the street is that it will start to increase, which is another tightening up of the amount of money that’s readily available. So if you have access to loans at incredible interest rates, I would apply strategies fast.
I would get a loan with low-interest rates, take advantage of it. For investments, we all know that having money invested in real estate is an excellent option during inflationary times. A great way to pitch against inflation.
So for 2022, that’s what I suggest if you have been thinking about or dreaming about it. It is definitely an intelligent thing: to invest in real estate in Mexico.
Seeing what happened to Florida over the last 16 years, you can say that the probability that you lose is less than 3%. And if it goes down, you just have to wait four to five years, and it will come back.
All you have to do is to look and study what happened over the last 16 years in Florida. There were little isolated towns around Orlando, and now, it is getting close to being just one huge city.
Remember that the Early Bird Catches the Worm
For me, it’s more and more definite that appreciation will go in one direction, and it’s going to outpace 90% of Mexico. Looking at the demand for property in the Riviera Maya, there is going to be where the appreciation occurred post inflation. If you look at pre-construction sales, you will probably save even 5% on the property price. Therefore it would be wise for you to look at those pre-construction sales.Â
Remember that we thought it was shutting down, that people would stop investing in the area. And then quite the opposite occurred, there was actually an increase in investments, and I don’t see any change for 2022.
Contact one of our Top Mexico Real Estate representatives and reserve a tour for the property or properties you want to look at to invest in Tulum or Playa del Carmen Real Estate.
