Minimal Effects of U.S. Recession on the Riviera Maya's Real Estate Market 

There's a Pocket Market in Playa del Carmen Real Estate

by Shawn Bandick

Hello everyone. I wanted to send this with last months article but, it just got too long.  So today we are going to explore the effects of a shifting, or even falling, USA real estate market on Playa del Carmen and Quintana Roo real estate market.

We all know, and can see there is a huge change taking place in the general real estate market across North America. In every shifting market there are Pocket Markets. These are areas which with stand the shift with little or no effect.  In British Columbia Canada the Okanagan Valley is one of those areas. In Arizona, Scottsdale is another good example. I’m sure you can see areas like that in your state or province. So how will this shifting market affect us in the Riviera Maya?

If there was ever a Pocket market this is it.

The Mexican government recognizes that, and they are putting millions of dollars into the development of Q Roo. Mexico is also enjoying huge investments from Europe. If you look at resort properties alone you would find that Spanish companies were the top investors last year putting more than 416 million dollars into resort properties. The tourism agency reports that Americans invested over 321 million. This kind of foreign investment coupled with government investment has stimulated and driven the economy to create some of the highest average incomes in the nation. This is creating a more stable economic base and a higher standard of living for the general population.

A very high percentage of our buyers are baby boomers, who have paid off their homes, and have the cottage, and are now looking for the sunny hide away. Many of these same buyers have substantial inheritance money that they are investing as well. Also these clients are not just from North America, they are from all over the world. This kind of demographics gives us an even more stable market as changes in one area will not affect our entire investor group. As a slow down does take place in one the United States those well seasoned investors start to look for the next evolving market and as they do they are discovering Mexico and Quintana Roo.
Mexico is a new area of investment and the buyers tend to be higher-income they are not the first time home buyers nor are they the first time investors. History shows us that the baby boomers will not be denied and this is no exception. Baby boomers have discovered the Riviera Maya and they are bringing their money here to invest and enjoy. You decide what is right for you, my money is invested here!

VIEW MLS 4 RIVIERA MAYA LISTINGS FOR SHAWN BANDICK

Shawn Bandick is originally from Canada, a published author, and owns One Stop Real Estate (www.onestopmc.com). He can be reached by email at This email address is being protected from spam bots, you need Javascript enabled to view it This email address is being protected from spam bots, you need Javascript enabled to view it or by phone at +52(984)100-5016 mobile 984 803 3739 office.
 
Make it a great day
Shawn Bandick
www.onestopmc.com
office 984 803 3739
cel 044 984 100 5016