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 In Cancun and the Riviera Maya, there is a very strong rental market for both homes and condos. We at Realty Executives can assist you in providing a full range of rental services for your property. Quality properties, which are competitively priced, can expect to rent at least as well as good hotels, whose occupancy rates average in the 70% to 80%.
The question frequently asked by foreign purchasers is "Will my property increase in value?" Short-term property speculation is not a concept that can be readily applied to the Mexican real estate market. Traditionally, buyers have purchased properties in Mexico for second home, retirement or future retirement purposes and not to increase personal wealth through speculation. In most cases it is necessary to pay all cash with seller financing available in only a few cases. Increasing housing quality and growing demand in the past five years have caused price escalation; as a result, owners invested in these desired areas have and are seeing strong rising property values.
"Am I getting a good deal?" The answer is yes - if you compare what money will buy, in relative terms, to the housing market elsewhere (outside of Mexico Florida, California, USA and Canadian Waterfront). Remember that a buyer's concept of "value" and "price" here in Mexico encompasses more than mathematics: it includes natural beauty, weather, safety, cost of living, and quality of life.
Who can help me rent and manage my property?
There are several property management companies in the area that can help you rent and administrating your property. The services offered varies each from the other.
Contact us and we will send you our top selection on Rental Managers.
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