Mexico’s luxury real estate market is experiencing a surge in popularity among American buyers, who are drawn to the country’s affordability, accessibility, culture, amenities, and excellent weather, according to Nest Seekers International, a global real estate brokerage.
Coastal regions are becoming hotspots for buyers looking for a solid investment opportunity that generates capital appreciation and passive income. Mexico is among the top five destinations worldwide for tourism demand, with a thriving Airbnb culture, generating a passive income conservatively between 5% to 9%. Corporations such as Tesla have moved into Mexico. The government is investing heavily in new infrastructure, including an international airport in Tulum, and high-speed trains, guaranteeing better connectivity and growth.
With new offices in Mexico’s most popular destinations, Nest Seekers is quickly expanding. Their office in Cabo San Lucas serves the destination at the southern tip of Mexico’s Baja California Peninsula. Cabo is one of the strongest real estate markets in the country, with an annual growth of 6% in overall sales for the last five years, easy accessibility to the west coast, and a low cost of living. Their Riviera Maya office is in Mexico’s most popular tourism destination and encompasses the world’s fourth-largest growing real estate market, from Playa del Carmen to Tulum.
“Our expansion into Mexico is part of our global strategy to serve the world’s top markets. We are thrilled that Chris Gill and Andy Kim are on board to lead our expansion in Mexico.” Eddie Shapiro, Founder, President, and CEO of Nest Seekers International.
Mexico is one of the hottest markets for second and third homes, with people wanting to live a better quality of life after the COVID-19 pandemic. New ownership options, such as fractional ownership and smart designs like lock-off units, allow a 2nd or 3rd home to become an investment property that pays for itself. The repetitive ratio is around 21% of tourism visitors who become owners, with Cancun’s visitors jumping from 18 million to 29 million in the last two years.
“Mexico has long been a popular vacation destination and the real estate market is booming,” says Chris Gill, Managing Director, Nest Seekers Mexico. “I am thrilled to be part of Nest Seekers expansion into Mexico.”
“Our clients are attracted to the incredible quality of life that Mexico offers, with its beautiful beaches, warm weather, affordability, and rich cultural heritage,” says Andy Kim, Managing Director, Nest Seekers Mexico.
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‘Second and third homes’ is an absolutely obscene concept. When many people don’t even have one home this elitist mindset is a true crime against humanity. The Lords of Karma cometh…