Mike
Contributor
If this is not the place for this thread I apologize.
What is the opinion of real estate investment opportunities on Cozumel. I'm interested in making a foreign real estate investment in possibly a dive/resort destination somewhere in the Caribbean. I say this with this specific wording as I am not looking to purchase a 2nd home for my use, but real estate that would appreciate in value and possibly pay for it's maintenance and holding costs thru rentals, but appreciation is the major focus and our use of it would be secondary but a fringe benefit.
I've looked at a few of the developments on the island. Last year we looked at San Miguel Oasis and this appeared to be a possible candidate, but it appears the development has come to a complete halt? I have also looked at the Landmark down by the money bar, but I'm skeptical if the island will support this high dollar level of development and allow it to appreciate in value and be a good investment. Cozumel is a cruise ship and diving island first and foremost and for something like the Landmark which looks to be at the top of the food chain, to work as an investment means the island has to attract a higher dollar clientèle as expatriates then it currently does in my opinion. Cozumel to my knowledge does not attract this type of person as far as I know.
Opinions in regard to any of this?
What is the opinion of real estate investment opportunities on Cozumel. I'm interested in making a foreign real estate investment in possibly a dive/resort destination somewhere in the Caribbean. I say this with this specific wording as I am not looking to purchase a 2nd home for my use, but real estate that would appreciate in value and possibly pay for it's maintenance and holding costs thru rentals, but appreciation is the major focus and our use of it would be secondary but a fringe benefit.
I've looked at a few of the developments on the island. Last year we looked at San Miguel Oasis and this appeared to be a possible candidate, but it appears the development has come to a complete halt? I have also looked at the Landmark down by the money bar, but I'm skeptical if the island will support this high dollar level of development and allow it to appreciate in value and be a good investment. Cozumel is a cruise ship and diving island first and foremost and for something like the Landmark which looks to be at the top of the food chain, to work as an investment means the island has to attract a higher dollar clientèle as expatriates then it currently does in my opinion. Cozumel to my knowledge does not attract this type of person as far as I know.
Opinions in regard to any of this?