If you have heard about what a great idea is to invest in Rivera Maya through word of mouth, but you’re still thinking about it, then you might find this information useful.
Investing in real estate is and always has been a smart decision, properties have high profitability thanks to the capital gain generated over time.Now, picture investing in luxury condos in the Riviera Maya. Here, you will obtain capital gain and a high income. Sounds great right? But please, continue reading.
1. Top Occupancy in Riviera Maya on 2022
Like many residents and investors, you probably have come on vacation before and surely you have noticed how busy the area is. Even during slow season most of the condos available in Playa del Carmen,Tulum and Riviera Maya are occuppied. Since last Sunday, hotels in the Riviera Maya saw an increase in national tourism, due to the start of the Easter holidays. This information was confirmed by Tony Chávez, president of the Riviera Maya Hotel Association, who mentioned that occupancy has increased even more than expected, to position itself between 90 and 92%. The average occupancy rate is 85%, which is quite impressive even for a top vacation destination!
2. Connectivity with the world
If you have landed at the Cancun International Airport you probably were shocked to see how many tourists were arriving at the same time. Hundreds of flights from all over the world come in and out every day.
International Cancún Airport
According to the ASUR report, the terminal closed 2021 with a total of 22.3 million passengers mobilized, which represents that it recovered 87.5% of the 25.1 million passengers mobilized in 2019, that is, before the pandemic.
- The terminal mobilized 13.2 million travelers, which represents a drop of 19.8% compared to the 16.5 million mobilized in 2019; while in domestic traffic, the terminal exceeded pre-pandemic levels by mobilizing 9 million passengers, against the 8.9 million passengers registered in 2019.
- In addition to the statistical recovery, Cancun heads the list of destinations with the best air connectivity for 2022, with a total of 56,951 flights and 10,505,000 seats, as well as an estimated spill of 11,712 million dollars.
- Every day the Cancun International Airport (CUN) manages to have greater air links around the world, practically in the last 6 months connections have been created with Russia, Prague, Miami, etc.
- It is the second most important airport after the CDMX.
So thanks to its tourist movement we can see how important it is to have spaces to accommodate tourists. This has led to a sustained growth in the Riviera Maya for the past 10 years.
The Mayan train through the Riviera Maya
The Mayan train will enter into operation in 2023, At the moment, progress in its construction is visible in some areas. Here are some numbers!
- One of the most important objectives of the most ambitious infrastructure project of the federal government in the southeast of the country is to generate an economic impact of more than 4.6 billion pesos and the generation of 705,000 new jobs in the 16 municipalities where there is a train station.
- The construction of the five sections into which the Mayan Train is divided, which will have 1,440 kilometers of track with 30 stations located in large cities, has generated 75,222 jobs.
- A cost-benefit analysis of this work presented by the federal authorities indicates that the cost of investment in work and equipment will be of the order of 119 thousand 900 million pesos and seven thousand 100 million will be required for the reinvestment of the rolling stock, which will be disbursed in 2033 and 2045, while the cost of operation and maintenance of the project for 30 years amounts to 134 thousand 800 million pesos.
- In the case of benefits, the analysis indicates that they will be around 352 thousand 600 million pesos generated from passenger transport, national and international tourism, productivity, salvage value, release of transport units and other indirect benefits.
As soon as the Mayan Train starts operation will undoubtedly impact and project tourism amazing force.
Tulum International Airport
The creation of a new airport that will be developed near the tourist area of Tulum will increase the growth in the area.
- The Ministry of Finance and Public Credit (SHCP) assigned 237 million pesos to carry out studies on the viability of the work —which is only an hour and a half from the Cancun airport— and explained that it will be classified as civil-military, the same than the Santa Lucia airport.
- It is 119 kilometers away from Cancun airport, equivalent to an hour and a half by road vehicle.
- The works are planned to begin at the end of 2021 or the beginning of the next, and to be completed in 2023.
- The airport contemplates the construction of a building for the passenger terminal, boarding halls, control tower, parking and roads
- As part of the arrival of the Mayan Train, the Mexican government will expand the archaeological zone of Tulum to 500 hectares to create a protected area that can be enjoyed as a Natural Park.
3. High Returs on Investment
Rental demand is high all year long, and future projections show continued growth. By investing in a vacational rental property, you can harvest not only the appreciation of your property but also monthly cash flows. You can take advantage of the tourism and rent your property while you are not using it.
Numbers do not lie. People can lie but numbers are always trustworthy.
- According to the United Nations World Tourism Organization (UNWTO) Mexico is the 8th most popular vacation destination in the world, and Cancun and The Riviera Maya are the most popular tourism destinations in the country.
- Hundreds of flights from all over the world come in and out every day. As a result, more than 20 million passengers visit the Mexican Caribbean each year.
- Investors are Increasingly Pouring Billions of Dollars into Riviera Maya Real Estate. From the $235 million investment by Thor Equity Group to more than $1 billion investment by OHL, and the announcement of $800 million worth of investment last year by Dreamworks.
- You can expect on average a 25% equity gain on a pre-construction condo purchase upon completion of the project.
- Hotels and property managers who rent out vacation homes and condos to tourists in Mexico’s Riviera Maya report average occupancy rates of 80% – 90%. Even more, last year there was a 91% occupancy rate in the Riviera Maya.
- You can expect to see a return of 8% ROI annually from rental income alone.
- Annual property taxes in Mexico are .001%
And there’s no need to guess why. Riviera Maya has warm weather all year round and amazing white-sand beaches with turquoise water. The affordable price of Real Estate with so many exciting features and amenities combine to justify foreign investment interest. Improve your lifestyle, stay away from the extreme cold, you can invest in Playa del Carmen, Tulum or other destinations in the Riviera Maya.
