One of the most accessible ways to invest in the Riviera Maya is through figures such as bank trusts or investment funds. Get advice from Sunseekers Paradise real estate agents. We will help you to find the best properties in the Riviera Maya. Get to know our real estate offer and get closer to our experts, we have the best investment options for you.
Sunseekers Paradise has experienced professional lawyers who will accompany you throughout the process of buying real estate in Mexico. You can be sure that your interests as a buyer are protected at all times. Sunseekers Paradise has the experience and competence to represent you throughout the entire process. Our professional team has the knowledge to guide you through the intricacies and customs of the Mexican real estate market while providing a familiar format to complete the transaction and secure your title. Because we have a certified Mexican/US attorney, we can also provide you with fully insured escrow services.
With modern highways, the second most important airport in the country, the capital gains of real estate in the Riviera Maya is more than guaranteed; and the process is simpler than it might seem.
Mexico has become a privileged country for foreign investment. In addition to this, more and more foreigners are moving to Mexico, investing in areas with high economic growth and a good quality of life, such as the Riviera Maya. If you are also thinking of moving and investing The Riviera Maya is a great option for you, as it offers you a home in the paradise of the Mexican Caribbean and great opportunities to generate income. Cities such as Tulum and Playa del Carmen have positioned themselves as areas of high added value in Mexico, reaching rates comparable to cities in the world such as Miami or Dubai. The Riviera Maya offers you the opportunity to take advantage of its white sand beaches and crystal clear sea, as well as its growing real estate market.
Before making your investment, it is important to know the Mexican market. Therefore, first we want to give you some reasons why your investment in housing or real estate in Mexico, specifically in the Riviera Maya, is a guaranteed success:
Relatively low price: Compared to other beach destinations such as Miami or Los Cabos, investing in real estate in high-value areas in the Riviera Maya is relatively lower.
Wide offer: In the Riviera Maya, you can find exclusive properties in the best areas such as Playa del Carmen and Tulum, even in private real estate developments with access to the beach.
High quality of life for your retirement: Investing in the Riviera, you can enjoy a high quality of life near the Caribbean Sea, especially if you decide to invest in real estate developments that offer amenities and services, because, in this way, you will have everything within reach: gym, meeting room, spa, pool, bar, etc.
You can generate extra income: By investing in a property in an area of high tourist demand such as the Riviera Maya, you have the opportunity to generate extra income thanks to vacation rentals. Thus, you can take advantage of your property while you are not using it.
When making a real estate investment, it is likely that many doubts enter your head, especially doubts related to the risks that it may suffer over the years, or with the volatility or instability of the financial markets; For this reason, when investing, it is important to diversify and have several financial assets instead of concentrating all the investment in just one.
Benefits of making an adequate portfolio diversification when acquiring various properties:
Taking advantage of the various market conditions, because it allows you to acquire properties whose capital gain maximizes the return on your initial investment.
Obtaining more fluid returns, because, being the owner of various real estate assets, you can offer them for rent or resell them, causing the returns to be more constant and fluid.
The reduction of risks, because with the distribution of your real estate investments in different properties, the effect of a specific investment not working is minimized, as well as the impact that a probable natural disaster or an accident in any property is minimized.
Exposure to different business opportunities, since real estate diversification allows you to take advantage of different trends and opportunities in all asset classes, such as acquiring apartments in different residential complexes to take advantage of the various business opportunities that each one may have.
Living near the sea is the dream of many and it should not surprise us. Can you imagine being able to listen to the sound of the waves at dawn, walk by the sea or enjoy a swim to start the day? Yes, we know that it seems like a dream life, many would even think that they are exclusive experiences for vacations; however, this dream life, full of great advantages for you and your health, is possible.
Living near the sea gives us a sense of well-being and calm, it allows us to disconnect and relax in order to appreciate reality from a new and improved perspective, which in turn allows us to make better decisions for our lives and also for our work.
Recent scientific studies confirm that living near the sea brings us great benefits for our physical and mental health:
It reduces stress. Being in the sea, our body releases the key hormone for relaxation and happiness: serotonin, since both the images of the beach and the sound of the waves help to relax, reducing anxiety and stress.
Better sleep quality. Living on the beach is a good option for those who suffer from insomnia, since when practicing sports on the sand or in the sea the body achieves a state of physical fatigue which in turn helps to reconcile a better rest.
Physical activity. Whether it is to lose weight or to stabilize in shape, being close to the sea allows us to practice a variety of water sports.
Better breathing. Those who suffer from respiratory difficulties improve their health when they are on the beach, as the chest muscles that surround the lungs relax and facilitate better oxygenation.
Nutrient dosage. Being outdoors we can receive the necessary dose of vitamin D for the absorption of calcium in the body, and being in the sea our skin absorbs the iodine necessary to regulate metabolism.
ve decided to buy a property; the buyer formalizes his desire to acquire the property through a "Offer Letter"; document specifying the price and payment terms. Once the offer is accepted by the Seller; he delivers a whole file of complete documents; so that the buyer can check with his lawyer that everything is in order. A "Purchase Agreement" is made. The buyer must give a section to guarantee his commitment. Depending on the unit, they are usually requested from USD 5,000, or 5% of the total value of the property.
They must gather the necessary documents from both parties so that the final property title contract is prepared. Your real estate advisor will be present throughout the process and will help you obtain the certificates and all your documentation.
For foreigners, it will also be necessary to create a bank trusts with a bank in Mexico. The buyer chooses with which notary to notarize. The deed of a property is carried out before a public notary, who is in charge of carrying out a good term, referring to the preparation of the title deed and its registration before the public registry. It is the only way in which the buyer will have the legal certainty of the property before third parties. The average cost of a deed fluctuates between 5 to 10% of the value of the property. Once the property title is ready for the signature; It is necessary that both the seller and the buyer are present. In case of buying a pre-sale, the writing and last payment will be carried out until the delivery of the property.
And what if I am a foreigner?
Thinking about investing in a property in Mexico can seem complicated if you are a foreigner; It takes time to understand how real estate works, especially in the Riviera Maya. However, investing is safer and provides a better return on investment compared to other cities in the United States and Canada. The most important thing: You get much more, for a better price. Well worth the little paperwork effort. The documentation that a foreigner needs to buy is: Passport, Proof of address from your city, Airport immigration form. The Sales process is very similar, the only thing that changes is that you as a foreigner need a special permit to buy a property here in the restricted zone. It is considered a restricted zone from the coastal sea, 50 km towards here and from the border 100 km downwards in places with greater tourist attraction such as Quintana Roo and especially the Riviera Maya. For a foreigner, the only way to notarize your property is through a TRUST, which is done with a bank established in Mexico. It is important to mention that it is the only legal and juridical way for the property to be in your name. The trust permit has a duration of 50 years; and each year it is required to pay the chosen bank, a fee for the administration of the property. At the time the property is sold, the trust can be transferred (in the case of a foreign buyer) or simply extinguished (in the case of a national buyer). If the foreign owner wishes to become a Mexican citizen later, the trust is extinguished and a new deed is created as Mexican.
Whether you are a Mexican or a Foreigner, it is important that you consider the following:
Form of payment: According to the Law for the Prevention and Identification of Operations with Resources of Illicit Origin the payment of the house in cash will only be allowed about 540,000 pesos. The remaining money must be paid through a financial instrument such as a check or bank transfer. "The notary is obliged to attest to the way in which it was paid and will also have to keep a copy of the bank documents with which the payment was recorded."
The deed process takes time: The average time of the sale process can be from 20 to 40 days, from the moment all the documentation is entered; however: being Quintana Roo a state with a large number of real estate operations, waiting times are usually a little longer, or even often delayed.