Turnkey, income producing vacation home rentals in Playa del Carmen offer an exciting option to invest, especially as more travelers are opting to stay in luxury boutique hotels and condo rentals instead of typical big-box resorts. While there are undoubtedly perks to going the all-inclusive route, seasoned travelers know that boutique hotels and vacation home rentals generally offer much greater value for the money and some even provide access to the same level of world-class services and amenities (or better) than what you can expect to find in a big-box resort.
This reality has created a wealth of Playa del Carmen real estate investment opportunities for investors worldwide who are ready to cash in on the Riviera Maya’s growing status as one of the world’s top trending beach vacation destinations.
Is a Vacation Home Rental a Good Investment in Playa del Carmen?
Yes!, just last month downtown Playa del Carmen - which lies in the heart of Mexico’s magical Riviera Maya region - came in third according to CNBC on a list of the top 10 places travelers are booking vacation home rentals this year.
“Popular Mexican beach resort town Playa del Carmen is an escape from the hustle and bustle of busier Cancun to the north”, wrote CNBC.
The real estate market in Playa del Carmen has been booming in recent years, but there is still massive upside potential throughout the Riviera Maya and average investors have yet to be priced out of the market… Which is more than you can say about the real estate markets in other similar Caribbean beach towns!
“Quintana Roo - the state where Playa del Carmen is in - is the country’s third-hottest real estate market”, wrote the Yucatan Times.
Vacation home rentals in Mexican cities and resort towns like Playa del Carmen continues to do well in large part thanks to a few major factors:
• The first is Mexico’s consistently stable economy, which continues to steadily strengthen (as it has since before the 2008 financial collapse).
• The second is the country’s ongoing relationship and deep ties to the U.S., which along with Canada accounts for most of the foreign real estate transactions that take place in Mexico.
“Mexico ranks first for a preferred second home location with both Americans and Canadians”, reports the Riviera Maya News. “In the state of Quintana Roo, Playa del Carmen is the most sought-after place for foreign real estate purchases”.
In addition, the popular beach town of Playa del Carmen offers modern infrastructure, world-class shopping and dining, unbeatable entertainment and nightlife, exciting adventure tours - both in the jungle and along the world’s second largest barrier reef, which lies just offshore. The Playa del Carmen real estate market also offers easy access to a variety of affordable vacation home rentals and other investment properties that boast stunning architecture and design. What’s not to love?
What do you think about investing in vacation homes rental to generate extra money? Tell us in the comments!
Want to see more of the benefits that come with investing in Playa del Carmen real estate? Check out our blog, Why Playa del Carmen Real Estate is Ideal for Vacation Home Rentals!