Best Place To Invest In Mexico’s Riviera Maya? Think Tulum

I’ve just returned to Panama City. It was my first visit to the Riviera Maya region in four years.

Most everything is as I remember it… the beach, the water, the palm trees… with three important differences.

First, the value of the peso is way, way down. It’s fallen to 19 to US$1. Americans have more buying power in Mexico right now than they’ve had in a decade.

Second, there are many more direct flights to this part of Mexico. You can fly direct to Cancún today from most every major U.S. city. Seven direct U.S. flights were arriving at the international airport in Cancún at the same time as our flight from Panama City.

Tulum Mexico is a market set for booming long-term

The third big change in this region since my last visit four years ago is to do with the volume of tourists. It’s up sharply. I’m speaking not only of North American tourists but also and more so of Mexican tourists.

Mexico has been developing its Yucatán peninsula since the 1970s when it first had the idea to turn a strip of sand on the northeast coast of this peninsula into a vacation destination. Thus was born Cancún. Today, Cancún is one of the world’s best-known beach resort towns and has evolved into a kind of Las Vegas on the sand. Billboards we saw everywhere touted Vegas-like entertainment options, including a Cirque du Soleil show.

All this fun in the sun is attracting not only more holiday-makers from North America and Europe than ever but also from elsewhere in Mexico.

The other thing attracting more tourists than ever, both foreign and domestic, is that this region has remained well outside the country’s trouble zones. Local holidayers, especially, recognize that Cancún and the Riviera Maya are safe and separate from any drug cartel activity.

All these local tourists are also becoming investors, broadening the real estate market. This is a very good thing for the real estate investor, as it means a wider pool of potential buyers when you eventually decide to resell.

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