Why Consider Investing in Real Estate in Mexico?
1. High rental yields
Unlike the USA or Canada, where rental yields are often low or nonexistent, Mexico offers significant rental income potential, especially in tourist areas. Rental yields can reach up to 20% annually. With property management services, you can still achieve around 15% annual returns. Additionally, some programs guarantee rental yields of 10% per year by contract.
2. Developing tourist infrastructure
Mexico is a popular tourist destination with rapidly developing infrastructure. For example, the Tulum airport opened in December 2023, and the Maya Train stations are set to open in 2024. These developments make properties in such areas highly liquid and attractive for short-term rentals.
Of course, managing short-term rentals requires time or professional property managers, and there are plenty of experienced managers along Mexico’s Caribbean coast.
3. Low taxes and maintenance costs
Compared to the USA or Canada, property taxes in Mexico are nearly negligible—property tax can be as low as 0.002% per year. Maintenance costs are also 2-3 times lower than in the US or Canada.
4. Direct flights and millions of customers
Mexico reigns supreme among all the sunny, beach destinations you may consider investing in, with thousands of direct flights from all major North American cities arriving each week that bring millions of new tourists each year. This ensures a steady stream of clients looking to rent out villas and apartments during their stay.
And with the brand new Tulum International Airport opened earlier this year, an additional five million annual tourists will be added to the mix.
Are your doubts cleared up? Now, it’s just a matter of selecting a reliable developer and finding a property that meets your criteria.
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