Investing in seaside properties in Mexico in 2024 could be a profitable option, provided it is done with the right strategy. Although this type of investment offers benefits such as high occupancy, appreciation, and tourist demand in places like the Riviera Maya, Tulum, and Puerto Escondido, it is essential to conduct prior market research, have legal advice, and focus on premium amenities to achieve the best long-term profitability.
The tourism market in Mexico remains attractive for real estate investments, especially in beach destinations like Cancun and Tulum, which are popular with international tourists. In 2024, tourist activity, nearshoring, and the increase in vacation rentals maintain optimism in the property market in beach destinations. However, there are certain aspects to consider, such as changes in requirements for new developments, volatility in the value of the dollar, and legal security in land tenure.
As for the most profitable destinations in 2024, the Riviera Maya, Tulum, and Puerto Escondido stand out. Each has specific characteristics such as prices per square meter, Airbnb occupancy rates, annual appreciation, and key development factors. Despite the opportunities these destinations offer, there are challenges and risks to consider, such as increasing investment in luxury real estate, the impact of nearshoring on infrastructure and employment, legal security in land tenure, regulations and environmental permits, and maintenance and management of properties for vacation rental.
In summary, investing in seaside properties in Mexico in 2024 can be a profitable option if the risks are taken into account and necessary measures are taken to ensure the success of the long-term investment.
