Playa del Carmen Real Estate

Real Estate in Playa del Carmen

PARK LANE , TULUM

Available
105,000 USD - Apartment for Sale

Park Lane Tulum$ 105.000 USD /Desde Desarrollos en Construcción in Pre Venta…

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36 sq m 1 Bedroom 1 Bathroom 1 Garage

THE HIGHLINE , TULUM

Available
125,000 USD - Apartment for Sale

THE HIGHLINE TULUM Preventa desde *$125,000 USD hasta $400,000 usd 2 Recámaras…

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34 sq m 1 Bedroom 1 Bathroom 1 Garage

Saasil, Tulum

Available
165,000 USD - Apartment for Sale

Saasil, Tulum is the best choice. Located “La Veleta”, with facilities of…

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125 sq m 2 Bedrooms 2 Bathrooms 1 Garage

MENESSE,PLAYA DEL CARMEN

Available
205,000 USD - Apartment for Sale

INFORMACION Unidad Total: 60 mt2 / Interior: 52 mt2 / Exterior: 8…

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60 sq m 1 Bedroom 1 Bathroom 1 Garage

Playa del Carmen Real EstateIf you are looking for a Playa del Carmen Real Estate you should first get information about this fast growing town. Playa del Carmen is a beach destination, located in the state of Quintana Roo, Mexico. It is 55 Kilometers away from the city of Cancun – around 45 minutes by car. The best option to get there is by flying to Cancun International Airport and then driving along the Tulum highway. Another very convenient option to get there is by bus. Its central location makes it perfect to visit other destinations such as Tulum and Cozumel Island.

Moving to Playa del Carmen?

During the last decade, Playa del Carmen has experienced significant development. Although it has a long history, its current municipality named “Solidaridad” was founded only on 1993 and had 10,000 inhabitants. The Real Estate in Playa del Carmen was barely nonexistent, as few houses were built by the first inhabitants and only 100 hotel rooms were available. This is a very interesting fact, considering that now the population is over 200,000 people, there are more than 50,000 hotel rooms (and growing). There’s no wonder why Playa del Carmen Real Estate is a great opportunity to invest nowadays.

But what is so attractive about Playa del Carmen? What is causing this boom on Playa del Carmen Real Estate? Its inhabitants most often name the size and atmosphere as main attributes. Unlike Cancun it is still possible to buy or rent a property a couple of blocks away from the beach, which is not dominated by big resorts. The mood is very relaxed; you can head to a Beach Club like super famous Mamita’s or you can toss your towel and just lie down on the turquoise clean beach. Another important detail is that people can walk everywhere or move around with their bicycle. There’s a reason why the pedestrian street Quinta Avenida (yes, Fifth Avenue) is the point of reference for both tourists and locals alike. Also, it is important to mention that the beach and its surroundings are very safe.

Its prosperity has attracted people from all over Mexico, mainly from the southern states and Mexico City as well as the rest of the world, particularly Italians and Argentinians. The Instituto Nacional de Migración of Mexico (National Institute of Migration) states that 12% of the population in Playa del Carmen is of foreign origin. Mostly aged between 20 to 40 years old, solo travelers, young couples and families and with the unique blend of cultures and the Caribbean setting, Playa del Carmen has positioned itself as the trendiest place to live.

Playa del Carmen Real Estate Panorama

Per the Association of Real Estate Developers in México (ADI), Playa del Carmen ranks #3 among the best cities to buy a property. This grade is based on several factors such as economic growth, cost of the land, construction costs, security and interest rates among others. According to AMII, the Association of Mexican Real Estate Industry, 40 new projects were constructed on the inner downtown area of Playa del Carmen during 2015. In other words, the Real Estate industry in Playa del Carmen saw an astonishing growth of 40% on 2015 and the forecast suggests that 2016 will have a similar behavior, with the strongest emphasis on residential projects.

Real Estate in Playa in del Carmen with sea viewThis boom in construction has several purposes. There’s an increasing demand for residential condos on the north side of the highways. Mostly family oriented, these Playa del Carmen Real Estate projects offer apartments of one, two and sometimes three bedrooms, equipped kitchen and a common area with gardens and a pool. These condos are about 10-minute drive away from the beach but close to malls and several schools.

The increasing demand of young people who moved from all over Mexico and other parts of the world to Playa del Carmen to find a job caused a shift on the construction style in the neighborhoods close to Quinta Avenida. Many adapted old houses into Studio Apartments and new buildingsare being erected to meet the never-ending demand for affordable equipped spaces.

Furthermore, luxury apartments are also part of the construction boom. Residences like The Fives and several new constructions will impress those interested in investing on Playa del Carmen Real Estate properties. All the apartments have spacious bedrooms, equipped kitchen, pools, gardens and sometimes access to beach clubs.

Is it a good idea to invest on Playa del Carmen Real Estate Properties?

Real estate with luxusOne of the most common concerns when buying a property anywhere is its profitability and sustainability. The good news is that Playa del Carmen has a very stable market. Its known that the state of Quintana Roo has experienced fluctuations on the housing prices but according to statistics, the overall results are more than favorable for Playa del Carmen: during the last years, Playa del Carmen has seen an investment of 2,500 million dollars in construction. Several commercial corridors have been put in place and malls and supermarkets increased the quality of living.

A riskier investment is to buy a lot and construct on it. It has proven to be a very good investment as well but the years to see a result depend very much on the location. As mentioned before, Playa del Carmen is growing rapidly, but that doesn’t mean that gentrification will reach all the surrounding areas soon and even though there’s significant expertise on the region when it comes to construction, it might be difficult to get all necessary permissions from the government and the language barrier might be an issue to communicate. In this case, it’s advisable to reach out to an expert.

One Last Advice

It might seem tempting to navigate the web and find cheap good deals to buy a property but it’s always the best to look at the certifications and permissions of the person who is offering a property. Be aware that there are special regulations in Mexico and there are “restricted areas” that prevent foreigners from owning a land.

Until recent years, the only possible way to own a Restricted Area property was through a Fideicomiso. It sounds menacing, but it simply a commercial contract governed by the Mexican Law. In the case of acquiring a Fideicomiso, like in a Bank Trust, there are three parties that should be considered:

  1. Fideicomitente (Trustor). This is the person or institution that sells and transfers the rights of the property.
  2. Fiduciario (Trustee). This is the person or institution (in this case a Mexican Bank) that works in good faith and holds the rights of the property for the beneficiary to use.
  3. Beneficiario (Beneficiary). This is the foreigner who uses or enjoys the property

Real Estate Partners

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