Is it better to buy a condo in Playa del Carmen, Tulum or in Florida ?

Lets Compare…For us its a No Brainer !

As we’ve been getting lots of questions in regards to buying a condo in Mexico vs the USA, Toronto and Vancouver.

we’ve been busy answering questions and helping many people find their dream property here in Riviera Maya Mexico.

It isn’t so obvious to compare different countries. Every person has their own idea of what makes one place better than the other.

Here what we found interesting to share.

The Cost of Buying a Condo in Mexico is less

To get a fair comparison we will compare a top condo market in Mexico vs a top condo market in the USA.

For this, we will compare Tulum, Mexico which is the most popular place to buy a condo in Mexico. Versus Miami, Florida where the condo market is the best in the USA.

Average Price of a Condo MIAMI $325,000 USD TULUM $210,000

Maintenances fees per month MIAMI $1,000 USD TULUM $175,00

Yearly Property Tax on a MIAMI $265,000 USD property 2,570 USD TULUM $400,00

Profit in 10 Years (for $265,000 Condo):

Let’s look at the breakdown of profit over 10 years time on your property in Miami vs your property in Tulum Mexico.

Estimated value of property in 10 years $563,125 USD $551,200 USD Total appreciation $298,125 USD $286,200 USD Expenses (HOA & Property Tax) $145,705 USD $28,000 USD Profit (after expense) $152,420 USD $258,200 USD

As expenses are low in Mexico over time you gain more profit on your condo.

***Over a 10 year period, you are making 51.52% more profit on your property in Tulum Mexico vs Miami, Florida.

Want more information, give us a shut.

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