Coronavirus Real Estate Deals
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 Alert 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.”