Investors are once again reaping the rewards of investing in Riviera Maya real estate, as the price of houses for sale in Playa del Carmen Mexico has increased by at least 20 percent since 2016 and shows no signs of slowing down any time soon! According to the Mexican Association of the Real Estate Industry, the growth is expected to continue over the coming years, as direct foreign investments continue to pour in and access to credit improves.
“We are in an area where the surplus value is quite high”, shared the Association’s founder Wilberth Gutiérrez Álvarez in a recent interview. “The economic income from projects is going to be felt and will energize the area [around downtown Playa del Carmen].”
Indeed, the future looks very bright for Playa del Carmen real estate, as demand is still outpacing supply, which means a large number of new developments are already in the planning stages. During the last year alone, Gutiérrez Álvarez says around 2,000 new housing units were authorized just west of downtown Playa del Carmen, where developers are building a large number of new houses for sale in Playa del Carmen, Mexico’s jewel on the Caribbean Sea.
World’s Best Real Estate Investment Market
Mexico real estate (as a whole) was recognized earlier this year by the Boston Real Estate Times as one of the world’s best places to buy investment properties. In Playa del Carmen, buyers enjoy even more rapid appreciation and proven rental income than other parts of the country, thanks to a strong vacation home rental market that offers a fantastic opportunity for investors who are looking for excellent yields. What’s more, many vacation home rentals are approved for purchase with your IRA account, which offers tax-deferred growth and a hedge against inflation, as well as protection from ongoing stock market volatility.
Add to all of this that Mexico’s already robust economy is strengthening and stabilizing, while the strong dollar creates an excellent environment for real estate investment in Playa del Carmen and throughout Mexico’s Riviera Maya. According to a recent report by Point2Homes, the most often-Googled locations for real estate were Playa del Carmen, Puerto Vallarta, Cancun and Cabo San Lucas, and Mexico ranks #1 as a preferred second home location among Americans and Canadians.
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Read How to Find the Best Houses for Sale in Playa del Carmen Mexico and learn what to look for in a great Riviera Maya investment property.