Located just 45 minutes south of the Cancun International Airport along the Mexican Caribbean coast, the Playa del Carmen real estate market presents a great investment opportunity that can help you save money for retirement while enjoying world-class luxury beach vacations in the heart of the magical Riviera Maya! Still, buying investment property in a foreign country can feel overwhelming at first, so here are just a few major benefits of investing in the Playa del Carmen real estate market!
About Playa del Carmen, Mexico
As one of the fastest-growing cities in all of Latin America, downtown Playa del Carmen has a distinct international feel, with a lively pedestrian-only thoroughfare along 5th Avenue (Quinta Avenida), world-class cuisine and a seemingly endless array of boutiques and cafes. Its global appeal among travelers and rapid growth has also helped the Playa del Carmen real estate market to expand exponentially, offering investors incredible upside potential and secure ongoing income that rivals stock market returns… All with very little (if any) risk! In fact, prices have risen by around 35 percent over the last five years in the Riviera Maya, offering buyers incredible return on investment and easy access to everything Mexico’s Yucatan Peninsula has to offer.
Playa del Carmen Condos Sold Fast
The new condos in Playa del Carmen are often sold before the development is completed, as experienced investors move to get into the market as quickly as possible, so most Playa del Carmen condos for sale will have also appreciated before construction is even finished! Today, foreigners can easily own real estate in Mexico along the coast, simply by setting up a bank trust that names the buyer (owner) as the only beneficiary of the trust. Owners are then able to transfer ownership (sell) or lease the property at will, providing a fantastic opportunity to make ongoing income from vacation home rentals.
There are currently a number of exciting developments happening in downtown Playa del Carmen, including new condos for sale, incredible restaurants and many interesting shops. All of this new development is taking full advantage of Playa’s incredible walkability, which features endless options for dining, shopping and entertainment, especially in the blocks leading up to the beach that run along the Mexican Caribbean Sea.
Of course, it’s also important to note that downtown Playa del Carmen happens to be one of the world’s top vacation destinations. Real estate investors can count on consistently high occupancy rates and modern infrastructure throughout the Riviera Maya region, along with a wide variety of exciting activities, tours, excursions and other things to do in Playa del Carmen that you simply can’t find anywhere else in the world.
Finally, from a practical standpoint, Playa del Carmen is home to a wide variety of turnkey real estate investment opportunities in the form of professionally managed vacation home rentals. This route takes all the stress out of ownership and helps ensure that you get the highest return on investment, as well as the best possible experience every single time you decide to come for a visit! Best of all, you can even invest in real estate with your IRA, offering the opportunity to collect tax-deferred income with a diversified portfolio that also offers a hedge against inflation.
Can I Buy Real Estate with My IRA Account?
Yes! You can buy real estate with your retirement account(IRA) with no penalties or tax consequences. Learn how here: Buying Real Estate with an IRA
Do you have questions about buying real estate in Mexico? Share them in the comments!
Would you like to know more about investing in Playa del Carmen real estate? Check out our blog, Projected Growth of the Playa del Carmen Property Market!