Drop in prices of 10% in real estate properties in the Riviera Maya

According to the President of the FundaciĆ³n para la InversiĆ³n en la Riviera Maya, Wilberth GutiĆ©rrez Ɓlvarez, now is a good time to invest in property. GutiĆ©rrez attributed the 10% drop in prices in real estate due to the current pandemic and its global economic crisis.

The FundaciĆ³n has identified more than 5000 units whose prices have decreased in price. This includes all types of properties. From social housing, condos, apartments to large properties such as land, cenotes or even hotels. Regarding banks, GutiĆ©rrez affirms that as a result of the economic situations, banks are also lowering their interest rates. With interest rates of about 7.6%, the purchase of property through credit could be much more beneficial than before. Now, the interest rates have a general range between 7 and 9 percent. In addition, the conditions of payment for credits and mortgages have also become easier.

Don’t miss: Riviera Maya’s tourism continues to rebound.

What is next after the drop in prices?

Last, GutiƩrrez Ɓlvarez assured that the Riviera Maya will recover soon. Despite the global economic crisis, many sectors will have positive figures between this year and next, including real estate.

See the full interview in: Riviera Maya News



Social Media

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.


On Key

Related Posts

Lunada Lifestyle Apartments in Playa

Description Lunada Lifestyle Apartements offers the full sense of the vibrant Playa del CarmenThis exclusive place offersĀ 2 bedroomĀ 2.5 Bathrooms125.14 mt2Ā Turn Key Option Amazing roof top

Moon Ha Condo in the 5th Av.

From $359,000 5th Av, Playa del Carmen Property Type House 2 Bedrooms More about this property 984 803 50 14 Available from 9:00-18:00 AddressĀ 10th Av,

Casa en Venta en Real Ibiza

Description Casa ubicada en el fraccionamiento Real Ibiza en la privada canari 3. En el primer nivel cuenta con sala-comedor y cocina integral equipada, patio