Coronavirus Real Estate Deals

Posted in Blog, Real Estate on by

When it comes to investing in real estate, timing is crucial. Either you are planning to make a move and live your dream life in a foreign country as an expat or make an intelligent investment, we have seen through the years that many savvy investors know that so-called crisis brings amazing deals to the market.  Just as we predicted back in March these last months have shown how in Tulum, Playa del Carmen, and the Riviera Maya in general, it is possible to find hidden discounts.

Forbes Real Estate Trend AlertCoronavirus deals recently released a report on the five best places to find bargains around the globe and this includes the Riviera Maya in Mexico since it´s an internationalized market.

The strength of the US dollar with the peso, the amount of inventory, and the need for developers to get some cash have been key points in finding 30%-40% discounts. The even better news is that rentals are picking up again and there’s been a work revolution with companies pioneering remote employment, the perfect conditions for expat success.  McMahon says, “The world is not going back to how it used to be. This is either scary or exhilarating, either way, it’s happening. And for opportunity-focused folks, it’s a gift.”

coronavirus real estate deals
Diego
About Author

Co-owner of Moskito, Diego has been in the real estate business since 2004. Diego is registered as a Realtor in the United States and Canada and an active member of the AMPI (Mexican Association of Real Estate Professionals). He was born in Mexico City and visited Playa del Carmen for the first time in 1997. His constant desire to help people and extensive knowledge of the market results in added value when clients are seeking to either sell or buy a property. Co-propietario de Moskito, Diego ha estado en el negocio de bienes raíces desde 2004. Diego está registrado como Agente de Bienes Raíces en los Estados Unidos y Canadá y miembro activo de la AMPI (Asociación Mexicana de Profesionales de Bienes Raíces). Nació en la Ciudad de México y visitó Playa del Carmen por primera vez en 1997. Su deseo constante de ayudar a las personas y su amplio conocimiento del mercado resultan en un valor agregado cuando los clientes buscan vender o comprar una propiedad.