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Why Investing in Apartments in Cancun is Your Best Option?

blog.by C21 Caribbean blog.datep 06/12/2021

If your goal is to achieve a higher rate of profitability and return on investment in less time, buying apartments is an excellent option. With the amount of a single house, it is possible to purchase two or more apartments; one to live and the others for rental, guaranteeing your money and ensuring your investment.

 

When investing in an apartment, the additional maintenance costs are much lower compared to those of a house, and these can be covered by paying a maintenance fee, which prevents the deterioration of your property and protects its capital gain.

 

Many apartments have quite attractive amenities that increase the life quality and style of their inhabitants: gyms, swimming pools, playground for children, party room, green areas, etc. Another important element is the security offered by condominiums, with a controlled and monitored entrance system.

 

Here are some advantages of investing in a condo in Cancun:

  1. Infrastructure and investment
    • Cancun is the largest tourist destination in Mexico, and one of the most popular in the world, which favors the development of both, the city and the state of Quintana Roo.
  2. Capital gain
    • The real estate market in Cancun has proven to be one of the strongest and most stable, even during this contingency; in almost two years it increased its capital gain by 30%.
  3. Connectivity
    • Cancun’s airport is the second busiest in all of Mexico, with an average of 500 daily domestic and international flights.
  4. Economy
    • The state of Quintana Roo is in a great position, thanks to its solid tourism and real estate sector.
  5. Costs per square meter
    • One of the main growth triggers in Cancun’s real estate is the cost per square meter. The state of Quintana Roo is the third place in the whole country, regarding cost per square meter.

 

In conclusion, Cancun is among the cities that offer the highest return on investment and capital gain in Mexico.

 

Secure your investment! At Century 21 we have a huge range of condos that suit any taste and budget. What are you waiting for? Contact us today!