Investing in Mexico is one of the best options to grow your money, especially because the country has positioned itself as one of the countries where real estate investment - and foreign investment - is on the rise.
The commercial and friendly relationship it has with several countries, as well as its privileged location, make Mexico an ideal country for investment. And especially if we consider that it is becoming one of the most visited tourist sites thanks to its beautiful beaches, archaeological sites, gastronomy and natural monuments.
Of course, there are those who still believe that Mexico is a giant desert and that it is outside civilization or that it is super insecure, but these ideas are the product of the bad media representations that exist about our country - also because the little that is known about our cinema is used as a reference for the films of the Golden Age-, because although there are regions where the desert is the main protagonist, jungle vegetation and large rivers, lakes and seas are also part of the great ecosystem that is our country.
There are many reasons why investing in Mexico is a good option. The first that can come to your mind is that it is an economical place compared to other countries.
One of the advantages that Mexico has to offer to foreigners is the conversion of the dollar. For those native of the United States and Canada, acquiring a property may be even more viable and cheaper than doing it in their respective countries. Also with the possibility of acquiring a larger property.
The taxes paid in Mexico are lower compared to the fees that countries such as Canada or the UK have, which helps those who want to own a business or acquire a property. Especially because foreigners are allowed to acquire a property even without a resident or work visa, which guarantees them more possibilities to diversify their investments in the country and generate income from their rents or the resale of real estate.
Of course, not all of Mexico is the same and each region or city offers different opportunities and challenges for those who seek to grow their money.
For example, Mexico City is one of the most inhabited and diverse places in the world, so buying a property to rent it can be an excellent option. However, the constant expansion of the city and the stressful way of life have made the country's inhabitants look towards other investment options such as the South-East of the Caribbean, especially due to tourism and economic possibilities that have not yet been fully exploited this region of the country.
So buying some property in these areas can give you a higher ROI - return on investment - since there are many developments or lots that are in pre-sale. In addition, you should consider that another advantage of buying in these places that are starting to grow as Merida or Tulum is that over time, the surplus value of your property can increase and also the demand for income, whether to live in the property or vacationing can guarantee a constant income stream.
Did you know that Mexico is one of the most important markets abroad? Yes it is, for example we are one of the largest and most important markets for the film industry. We are one of the countries that consume the most cinema because the age of our population average is 26 years.
We have a large population and, therefore, a large number of industries, businesses and profitable shows. This is also reflected in the consumption habits of the country.
For example, there are 74.3 million Mexican users connected to the Internet, which has led the country to be placed in one of the first places in the area of ecommerce. This has made the country worry about offering spaces where the Internet is accessible to its inhabitants, opening more doors so that this medium can reach more users and open more spaces for competition.
In the same way, young Mexicans - and the population in general - are avid visitors of the diverse and multiple museums and fairs that the country offers, among which are the Guadalajara Book Fair, the International Cervantino Festival or the Festival International Film Festival of Morelia. Not to mention the popularity of these spaces around the world thanks to important figures such as Guillermo del Toro and Alfonso Cuarón.
Mentioning about opening more spaces for the Internet, one of the reasons why this is possible is due to the infrastructure of Mexico. Those who have not been able to know the country probably do not know of the efforts that have been made to improve roads, and communication channels such as airports.
Also, thanks to the privileged location that Mexico is located, it has ports of height and cabotage, so the maritime industry is also very important for the country and one of the reasons why investment in Mexico is profitable: import and export it is a constant possibility, that without considering the oil industry that is developing in the country and especially in the areas of the southeast where the quality of life increasingly makes more foreigners see the beaches of the Mexican Caribbean as a possibility for retirement.
This opening to import and export has made Mexico part of multiple treaties with different countries, not only to facilitate the exchange of goods but also so that its inhabitants can meet and visit the country without any problem and cultural exchange is wider and rich. For example, it is much easier for Canadians to enter Mexico because they do not need a special visa.
Thanks to the wonders and culture it has to offer, Mexico knows that one of the industries that most benefits the country is tourism. In recent years, the country has focused on growing its tourism industry and the services offered in it.
Places like the Mayan Riviera, Cancun and Los Cabos are the most enjoyed by tourists and even famous for their beaches, however Mexico has created efforts so that not only its beaches are known, and its magical towns have become attractive places not only for foreigners but also for its inhabitants.
The diversity that exists in Mexico allows different ways to capitalize on tourism, for example, Yucatan has become one of the favorite states to visit thanks to its culture and archaeological ruins, its cenotes, gastronomy and the possibility of easy access to Magic towns such as Valladolid, Izamal or visiting beaches such as Sisal, Celestún or Progreso.
Mexico has positioned itself as one of the favorite places for foreigners both to vacation in it and to admire and study its traditions and its cultural diversity. The world has marveled at the Day of the Dead, the axolotls and the colonial architecture that each of its magical towns builds. Not to mention the food or music that characterize our country.
However, one of the things that is most attractive for foreign investment - and even for retirement - is the easy way to access quality services that, unlike in other countries, would be extremely expensive.
And we are not talking about health insurance.
For example, acquiring a property near the beach on the coast of the United States such as Florida or California can be extremely expensive for some residents, and even impossible. While in our country, this is possible to achieve.
That is why the Riviera Maya has been placed as the most exclusive place to vacation and to invest, because thanks to its beautiful beaches and the tranquility they offer, you can visit and enjoy incredible ecotourism experiences such as cenotes or Mayan ceremonies that simply do not exist elsewhere.
Another very important element by which we choose these cities is that they are increasingly linked to the decentralization of the country. For many years, Mexico was a country where large companies and industries tried to concentrate in Mexico City - formerly known as the Federal District - or in the north of the country as Nuevo León. Fortunately this has been in the past.
The best places to invest in Mexico are characterized by being located in the southeast of the country, specifically in the Yucatan Peninsula, which is currently enjoying income thanks to tourism and the security and tranquility it enjoys.
The Yucatan Peninsula is made up of three states: Campeche, Quintana Roo and Yucatán. Cities like Cancun already seemed important for development and investment a few years ago, the places that we present below offer you alternatives to invest in less saturated areas and with greater opportunities for growth.
Tulum is one of the best places to invest in Mexico thanks to the privileged location it has, the constant flow of tourists it attracts and the possibilities of expansion that have not yet been explored.
That is why real estate developments in Tulum have become an excellent investment both for foreigners and for Mexican residents seeking to diversify their investments in the country's coasts, where prices are still accessible and with greater growth opportunities than investing in other places like Mexico City.
Also, the calm and safety that this region enjoys is a plus for those who fear to invest in Mexico - or visit it. At the same time, the quality of life in this area may be higher than in other parts of the country, especially because the relaxed lifestyle and being surrounded by nature allows its inhabitants to concentrate on enjoying the wonders of the Mayan jungle offers them.
But as an investor, you should consider that Tulum is located in the famous Riviera Maya, which is currently considered the most important vacation spot in the country because of the exclusive ecotourist experience that you can enjoy. One of the things that most attracts foreigners in the Riviera Maya is the connection between the pre-Hispanic past and the traditions that are present today.
Tourists and their residents are able to experience a connection with this Mayan city, its archaeological site and the beach that accompanies it.
This is related to the quality services that we mentioned earlier. The unique experience offered by Tulum is incomparable. The real estate developments in this area are responsible for preserving this connection with nature; For example our Hunab development in Tulum has unique terraces so that residents can live together and experience the natural beauty that surrounds them.
As we mentioned in the best cities to live in Mexico, Tulum is receiving a strong investment for the development of alternative tourism - that is, ecotourism. So the surplus value of the area is increasingly on the rise and it would not surprise us at all that Tulum becomes one of the most exclusive and dreamed destinations to visit in Mexico.
Like Tulum, what makes Mérida in the unique state of Yucatán is its privileged location. Since in spite of being a city, it is 20 minutes from the beach, and thanks to its road infrastructure, it is becoming easier to reach ports such as Sisal, so you can invest in both the city and the points closest to her.
Currently Mérida is in a boom of urban growth and investment: Museums, shopping malls, franchises, and even centers for concerts, are some of the developments that little by little have turned Merida into one of the most important cities in Mexico.
But what stands out the most in Mérida is that it is considered one of the safest cities in the country. Anyone who visits it is surprised by the calm that coexists with the modernity of the city. That is why it is not only a magnet for industries such as tourism. Education is also becoming one of the strengths of the city, as more and more Mexicans decide to send their children to study either the Autonomous University of Yucatan, the Model University, Marist University or Anahuac.
That is why residential developments in Merida are becoming one of the main strengths of investment in the city. More families decide to move to Mérida to enjoy the comfort and security, as well as the quality of life.
Thanks to the decentralization of the country, more and more companies decide to reside in Yucatan, and especially in Mérida, since not only can they work quietly but they can also enjoy their weekends without the constant pressure of traffic jams, they can visit the beach and enjoy the possibility of living in more open, large and economic spaces than in Mexico City.
Therefore, one of the advantages of the city is that buying a property is a safe investment, because there is not only demand for housing but also to use them as offices. The industrial lots in Mérida are another example of the possibilities that the city offers to invest, because for its privileged position, the city is near Progreso, where the Port of Progreso height is located.
We cannot forget that Mérida is one of the favorite cities of foreigners, it is one of the best places to retire in Mexico because, as we explained previously, it allows its residents to enjoy the best of urban life without the stress of the great cities.
Playa del Carmen, located in Quintana Roo is also part of the so-called Riviera Maya, but what makes this city special is that it has become one of the most exclusive and cosmopolitan cities of the peninsula.
Tourists who visit it - it is estimated that approximately 12 million tourists visited it during 2018 - can enjoy the exclusivity of the 5th Avenue and bathe in its paradisiacal beaches.
One of the attractions that has become popular in recent years is the carnival, so we are not surprised that the real estate developments in Playa del Carmen especially the departments are becoming an option for investors seeking to rent for higher income and why not? Even enjoy them from time to time.
Having an apartment in Playa del Carmen guarantees you the opportunity to rent it when the hotels are occupied. We cannot ignore that thanks to technological evolution and consumption habits that privilege personalized experience, applications such as Airnb and Uber have positioned themselves as common practices among the population. So the interest to acquire a department to rent it and turn it into a source of income is also an option that many retirees who want to spend part time in Mexico and part time in their country - like Canadians fleeing the cold.
Playa Del Carmen is characterized by its cosmopolitan lifestyle. It is a city that always has something to offer, its nightlife is so diverse that you can decide if you want to enjoy a quiet and bohemian night, or go out and have fun dancing in the best clubs in the city.
The diversity of entertainment offers is one of the reasons why Playa del Carmen has become one of the favorites of young foreigners who want to rest quietly and at the same time have access to the best shops and entertainment centers.
Now that you know why you should invest in Mexico and what the best places to invest in Mexico are, it is time to invest.
In our 10 tips to invest in real estate and not in trying your purchase, we mentioned that one of the first things you should do as an investor is to research the market, and especially if you do not live in the place where you intend to invest.
One of the first tips we give to those who want to moving from Canada to Mexico in an easy way is that they come to explore Mexico or the city in which you are thinking of investing. Experience the culture and see first-hand how tourism and the city work, this can give you an idea of the possibilities you have to grow.
Remember that to increase the return on investment, buying in presales is a great opportunity, since you can buy a good at a cheaper price than doing it when the area already has a higher capital gain.
That's also why we chose these three cities, because investing in them is an opportunity to grow your money even more, so do not wait long to invest and take advantage of real estate developments that are in presale. You can get more out of your investment and acquire properties in exclusive developments that in a short time will have more surplus value and therefore, a higher purchasing power.