While we have all seen the dismal headlines with respect to the global economy, we have sunny skies ahead with respect to Real Estate in the Riviera Maya.
The big question these days is, will the same thing happen here in Mexico that has hit many of the credit–driven economies around the world? Many people think that because the U.S. economy, in particular, real estate, has been hit so dramatically, that the market in Mexico must also be flat and will incur a similar meltdown. This is absolutely not so. WHY? Fortunately, our economy in the Riviera Maya remains stable, strong and thriving due to our lack of a credit-driven market and continued foreign investment. Most Mexicans do not purchase on credit and simply do not have credit cards, only debit cards. This way, they are only spending what they can truly afford to spend at that moment. Mortgages are also very rare here, and only in the last few years have Mexicans even considered financing as an option.
As such, we, in Mexico, are not being affected by the “credit crunch crisis” that has permeated our neighbors to the north. And, savvy investors, unwilling to wait for a long and shaky recovery in economic conditions are looking towards Mexico, shifting their assets to safer, stable markets and emerging markets – both of which define the Riviera Maya. These investors know, despite what they hear on the dismal news, to take advantage of the opportunities that are clearly present now to secure their future or simply make their dreams come true by owning a piece of paradise.
It may be years before the economy recovers so don’t stand by and wait before starting to recuperate your losses. The opportunity is now.
Let me know how I can help you focus on a bright future – in Mexico, in the Riviera Maya…
Holly
Holly Guyton
Playa Real Estate Advisor
US Skype: 303 800 6637
Cell: + 52 1 984 127 3452
holly@playarealestateadvisor.com
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