Mexico has always been an alluring city for real estate investors. Even though its real estate market has been unstable in the past few years, some markets have been growing. Among them is Playa del Carmen, which attracts more investors than ever. You probably should invest too, considering it is your best opportunity for strong yields.
In fact, Quintana Roo – the state where Playa del Carmen is in – is the country’s third-hottest real estate market. Why Mexican cities and resort towns are doing so well in real estate is no secret. It can be attributed to two major factors. The first is, no doubt, Mexico’s economy which is not only strengthening but stabilizing as well. The second is, to everyone’s surprise, the Trump administration in the US.
Let’s take a step back and look at the situation from a different perspective. How is Trump’s Presidency, in any way, beneficial for Mexico? As it turns out, the government’s changes to America’s immigration policies have and will continue to work wonders for real estate sales in the Latin American country. And here is how it will all go down.
Source: Miparo