Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
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Mexico
Boutique Hotel on Breathtaking Beach Location
Location
Celestun, Yucatan
Property Type
Investment
Bedrooms
N/A
Bathrooms
N/A
Price
$2,685,000
Mérida the capital of the state of Yucatán, can be found in the northern part of the Yucatán Peninsula, and conveniently located some 30 km or 20 miles from the Gulf of Mexico.
Often called the "White City" due to its historic limestone buildings, Mérida has a world famous Mayan history, togther with colonial Spanish architecture.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Investors can choose from a wide range of different types of investments in Mexico real estate Merida, from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
Mérida the capital of the state of Yucatán, can be found in the northern part of the Yucatán Peninsula, and conveniently located some 30 km or 20 miles from the Gulf of Mexico.
Due to the popularity of the location there is a market for investing or buying vacation homes, retirement residences, and rental property, and are seen as viable when price compared to Cancún or Playa del Carmen.
Mérida is deemed to be a safe city with a large tourism industry feeding the rental market due to the popularity of Mérida among expats, and retirees.
