Have you ever dreamed of buying a house abroad for cheap? This could be your moment.
. “Tulum has cornered the market for being eco-chic,” says McMahon. “It’s the kind of place where stars who fly in private jets can feel virtuous by spending a few nights off-the-grid on the beach. It’s as fashionable a destination as St. Barts, St. Tropez and the Greek island of Mykonos.”
McMahon says he has seen spacious townhouses in Tulum for $149,000 that he figures will be worth $76,000 more within a year of delivery and could throw off a 13% yield or more on rentals. “Thanks to the crisis I was able to get a free pool thrown in with each home,” says McMahon. “The developer’s construction costs are in pesos but we are buying in dollars, so as his costs dropped, I was able to get him to concede more.
“In uncertain times smart investors look for a safe haven. They look to assets like real estate—in places where they can park themselves and their money,” says McMahon. “
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