The Riviera Maya. With over 100 miles of stunning coastline, white sand beaches, and brilliant turquoise-colored water, it's easy to see why this region is considered the jewel of the Caribbean. 

It’s hard to believe that a stunning place like this could offer some of the most affordable and lucrative real estate investment opportunities. But facts and numbers don't lie. This article will share the top seven reasons to invest in the Riviera Maya in 2023. 

Excellent Economic Forecast 

It’s vital to consider an area's economy when investing in a country because it indicates long-term stability and growth. The Mexican economy is booming, the strongest in Latin America. Mexico is the world’s top producer of manufactured goods. The Financial Times expects the economy to remain strong, and The Wall Street Journal recently called Mexico the world’s New Economic Superpower.

1. High Capital Gains 

Capital gains refer to the increase in value of property over time. The Riviera Maya shows gains of 8-10% annually, and Cancun, Puerto Morelos, and Playa del Carmen had the most significant growth in 2022, with a jump of 12.4%. Experts suggest that if you purchase a property in pre-construction, that figure could increase to 20-30%. These figures mean that you are bound to make a profit if you buy a property in the Riviera Maya this year and sell it at any time in the future. 

1. Incredible Return on Investment (ROI) 

In simple terms, return on investment is how much money you've made on an investment through property rental. The Riviera Maya has had an 8-10% annual ROI over the last ten years. The occupancy rates are around 85%. The most recent research by the World Travel and Tourism Council (WTTC) projects that in 2023, Riviera Maya travel and tourism will increase by 47.3%. That is nearly 12 billion USD. The rise of a new remote workforce has also brought new travelers. Able to work with just a laptop and an internet wi-fi signal, they are looking for long-term Airbnb stays. 

Of course, factors such as the quality of life, public services, and property amenities factor into the return on interest of a specific property. Selva Escondida stands out as the clear winner in Riviera Maya real estate investment, with buyers currently gaining a return on Investment of 10-14% over the initial value of the property. 

1. Fastest Growing Real Estate Market in all of Latin America 

The Riviera Maya Real Estate accounts for 70% of foreign investments in Mexico. Goldman Sachs estimates that Mexico will become the fifth largest economy in the world by 2050. Riviera Maya real estate will continue to be a safe, secure investment that doesn't fluctuate quickly like the stock market. 

1. Low Property Taxes and Other Home Expenses

Compared to many other parts of the world, property taxes are almost non-existent in Mexico. Annual property taxes in Mexico are .01%. For example, taxes on a $500,000 property will be $500 a year. Considering that property taxes in the U.S. and Canada are an average of 3%, this is another reason real estate in Mexico is an excellent investment. The monthly utilities, HOA fees, and other expenses related to owning a home are also less. 

1. Top Tourist Destination 

2022 was a massive year for Mexico's tourism, with Cancun catapulting itself to the top of the global tourism market, along with the likes of Dubai and New York. Airport Council Internation (ACI) ranked Cancun International Airport as one of the ten airports with the highest traffic worldwide in 2021, with more than 13.2 million international travelers. No other popular beach destination in the world offers modern infrastructure, luxury services, and first-rate amenities at such an affordable price.

Along with an 805 million peso investment by the federal government for maintenance, urban design, tourism areas, and green spaces this year and next,  other contributing factors to the growth of tourism are: 

• Modern highway system 
• The Mayan Train with stops in Puerto Morelos, Playa del Carmen, Tulum, and Bacalar 
• A new international airport in Tulum
• Grand Outlet Riviera Mall outside of Puerto Morelos 

1. A Lavish Lifestyle in the Perfect Climate 

International Living consistently lists Mexico as one of the top places to retire. The Riviera Maya has an impressive 300 days of sunshine annually and an average temperature of 85 degrees. It's easy to make friends, with many opportunities to socialize. The overall cost of living is lower in Mexico. You can expect to pay less for groceries, medications, services, and entertainment. 

Are you convinced that it’s time to own a piece of paradise? Contact us to learn more about why Selva Escondida is your best option in Riviera Maya real estate investment!