If you’ve ever wanted to just check out for a while and enjoy life while raking in great return on investment, Playa del Carmen condos are an excellent option, offering easy access to a luxury lifestyle that many people only dream of experiencing, at a price point that appeals to the majority. Whether you are just looking for a part-time vacation home or a full-time residence, Playa – as the locals often call it – offers one of the best ways to make money in the Mexican Caribbean.
“Prices have risen about a third in the past five years on the Riviera Maya”, wrote the Financial Times. “Demand has also risen, with sales increasing 25 percent a year for the past three years”.
Situated just south of the Cancun International Airport in the heart of the Riviera Maya, Playa del Carmen is not only safe and home to some of the best income producing property in the world, but it’s also a hotbed for the all of the latest services and amenities travelers expect from the luxury market, without the over-the-top expense of other beach destinations.
“If you’re looking for a trendy, beautiful trip, visit Playa”, wrote Travel + Leisure. “Originally a small fishing town, it has undergone rapid development with its luxury buildings, restaurants and boutiques, to become the must-see destination that it is”.
In fact, it’s important to note that the entire Riviera Maya is enjoying a booming market for real estate investing, with a number of new condo-hotels that offer excellent return on investment of 8-14 percent, providing turnkey vacation rentals that double as income producing investments. In addition, keep in mind that Mexico real estate as a whole represents one of the top 10 fastest-growing property markets in the world, with prices rising more than 8 percent last year alone.
Many of the newest Playa del Carmen condos are specifically set up to provide excellent value, ROI, services and amenities, with larger units and high-quality furnishings, offering rooftop infinity pools, on-site fitness facilities, VIP access, spa treatments and much more, such as private shuttle transfers and beach club membership.
“You’ll come across an amazing variety of real estate in Playa, including permanent residences and vacation homes, ranging from upscale condos to luxury beachfront villas”, wrote Ocean Home Magazine.
Finally, when looking for the best investment properties in Playa, keep in mind that not every great vacation home is situated right on the beach. In fact, many of the best options are situated just a few minutes away close to Fifth Avenue (or Quinta Avenida in Spanish), which is a bustling pedestrian-only thoroughfare that is renowned for its endless dining, shopping and entertainment options… Plus, it’s only a few blocks from the clear turquoise waters of the Caribbean Sea, offering the best of all worlds.
What (if anything) is holding you back from investing in Playa del Carmen? Let us know in the comments below!
Read our First Time Visitors Guide to Downtown Playa del Carmen to learn more about what life is really like in this part of Mexico’s Riviera Maya!