If owning a vacation home in paradise sounds good, consider checking out the incredible Playa del Carmen condos for sale in today’s market, which offer excellent appreciation and return on investment, along with ultimate ease of ownership in the form of a turnkey vacation home experience. Let us show you some of the best ways to make money in the Playa del Carmen real estate market with top investment properties.
Buying Real Estate in Playa del Carmen
Without going into great detail, let’s just state – for the record – that YES, foreigners can buy real estate in Playa, as locals often refer to this bustling Mexican Caribbean beach town. The current law states that foreigners who are buying within 50 kilometers of the coast to set up a fideicomiso, which is basically a three-party fiduciary trust that permits a financial institution to hold the property title in your name. As owner of the property / beneficiary of the trust, you can do whatever you want to the property (within the law, of course), so you can think of it as simply an extra step to take when purchasing.
Finding the Best Playa del Carmen Condos for Sale
Playa is home to one of the world’s most dynamic real estate investment markets. If you want a low-stress ownership experience, look for condos that offer a turnkey vacation home experience, which includes having a professional property management team look after the unit. This service should include paying the utilities, handling all maintenance issues and repairs, booking rentals (if applicable) and taking care of the property.
Working with an experienced property management company permits owners to enjoy the investment property and can also help maximize return on investment, generating ongoing income to cover costs and minimize out-of-pocket expenses.
Here are a few of our top tips for finding the best vacation homes and real estate investment opportunities in Playa:
- Work with a reputable and experienced real estate investment advisor.
- Look for a great location close to 5th Avenue and the beach.
- Property should offer great services and amenities.
- Invest in a professionally managed, turnkey development.
Do you have questions about buying real estate in Playa? Let us know in the comments!
Read this Quick Guide to the Booming Playa del Carmen Real Estate Market and learn more about income producing investment properties in Mexico’s Riviera Maya!