Since the crowning of Playa del Carmen as the #1 destination in Latin America for 2018. Playa del Carmen has cemented itself more in the investment world and as a premium tourist destination for many Americans, Canadians and Europeens. Playa del Carmen real estate has everything to seduce investors.

Real Estate in Playa del Carmen

It is the third place in sun and beach destinations, received almost three million tourists a year, has a privileged location in the Riviera Maya, and a growing capital gain. These are just some characteristics that make real estate investments in Playa del Carmen a success.

Playa del Carmen real estate is one of the leaders because of its popularity nationally and internationally.

People are always visiting Playa del Carmen and Tulum. This creates a fantastic opportunity for investors. Playa del Carmen is the heart of a growing market in the real estate sector. Every day more foreigners seek to retire or spend time in places like this, with a more affordable cost of living than in their countries of origin. On the other hand, another group of people buys real estate spaces to put them up for rent and generate additional income.

Playa del Carmen real estate investment

When you buy real estate in Playa del Carmen you are making one of the best investments. Luxury condos in Playa del Carmen beat the stock market, with an 8-13% return on investment. The stock market’s Playa del Carmen real estate average is 5.43% per year. According to conducted reports (view graphic below).  And people plan on their investments to be their retirement.

Most people are planning on investments to be their retirement. When you do the calculations and factor in yearly inflation rates (roughly -1.6% per year) then 6-7% drops to between 4.4% and 5.4%.

Playa del Carmen is considered one of the top high rental yielding beach towns/cities in the world. 


Playa del Carmen Real Estate

Real estate in Playa del Carmen

Why invest in Playa del Carmen ?

The location of Playa del Carmen in the center of the Riviera Maya gives it good connectivity. By sea through ferries, by land with highways to Cancun, Tulum, and Mérida, and by air through the Cancun international airport, which is only 45 minutes away from Fifth Avenue and that carries an average of 12.5 million passengers a year.

Regarding capital gain, the prices of homes in Quintana Roo increased 11% in 2019, while, in the case of vacation rentals, according to the Secretary of Tourism of Quintana Roo, hotel occupancy is higher than 80% during the holidays season.

If you want to make a smart investment, think no more. Learn more about our offer of apartments and make real estate investments in Playa del Carmen.

Property investment in Playa del Carmen

  1. Privileged Location.

Playa del Carmen is located in the heart of the Riviera Maya, in the municipality of Solidaridad, Quintana Roo. With its more than 120 km of extension and a geographic location that offers white sand beaches, cenotes, natural parks, lagoons and, of course, the Caribbean Sea. The Riviera Maya has become a tourist center that attracts the largest amount of national and international tourism in the country.

 The coastal city has communication routes that connect it with the rest of the state, these are fast and accessible, allowing the constant flow of public and private vehicles. In addition, Playa del Carmen is only an hour away from Cancun International Airport and a few minutes by ferry from Cozumel Island, another tourist site that must be visited.

  1. Infrastructure.

In addition to the roads necessary to make Playa del Carmen a city of easy access and transit, the city has a first class urban infrastructure. The commercial, health, security and leisure services available in the Riviera Maya and its surroundings are of the highest quality.

Although it has a good road system, Playa del Carmen’s growth has forced the government to constantly seek to improve transportation and mobility routes. The goal? To make the city a space for its inhabitants to have the necessary tools for a better development and quality of life.  

In terms of spaces for the enjoyment of the local population and grand tourism, Playa del Carmen real estate offers its inhabitants and visitors the best amenities: gourmet restaurants, golf courses, eco-parks, premium supermarkets and multiple entertainment options.

  1. Tourism.

Tourism is the engine of Playa del Carmen’s economic growth, as more than 16 million tourists, on average, come to the city. This basically means that it maintains a permanent state of high season, with an occupation of over 80%, according to the Riviera Maya Hotel Association (AHRM) in 2019.

Being located in the Riviera Maya, an area known for its exquisite beaches and unique biodiversity, Playa del Carmen has become the perfect place for a vacation. It is considered one of the best tourist destinations in the world, ranking in the top 25 of the Travellers Choice Awards (2019), next to cities like London, Paris, Rome, Bali and Crete.

As we mentioned in the previous section, one of the qualities of Playa del Carmen is the range of opportunities in the area of entertainment. Playa del Carmen has shops, restaurants and bars of international stature, and its 5th Avenue is considered the point where all these experiences can be found within its more than 3 kilometers of the beach.

For all its beneficial characteristics to tourism, Playa del Carmen has become one of the cities with the greatest attraction of young adults, who go to have fun, relax or even celebrate weddings. However, its variety of relaxation options, the tranquility of the city and the opportunity to enjoy the bohemian life of the Caribbean has also made Playa del Carmen a retirement destination for people from other countries.

  1. Quality of life.

Playa del Carmen has become an opportunity for people to improve their quality of life, since most salaries are handled in dollars. With the growth of the city as a result of tourism, job opportunities have also been increasing, and with that, salaries. Overall, it helps to strengthen the purchasing power of the people living in Playa del Carmen.

  1. Added value.

Now, perhaps the most important thing: capital gain iof Playa del carmen real estate market. This is the most important thing you should consider before making any real estate investment. Capital gain, which means that the future value of the property, is defined by the location and to obtain a “high capital gain” you must have a good location.

Being considered one of the most important tourist cities in the world, Playa del Carmen has a guaranteed capital gain that responds to the growth possibilities of the city itself and its tourist appeal. The last element entails the need to find accommodation for national and international tourists.

Nowadays, and with the entry of online apartment rental services, people have found an alternative to the hotel: accommodation in a private property. This is where the return on investment comes in, which, together with what is reflected in the capital gain, can generate extras of 6 and 12% of the initial investment.

Playa del Carmen Mexico real estate

Where to buy in real estate in Playa Del Carmen?

Most people want accessibility to the beach. The good thing is, most of Playa Del Carmen real estate is 10 minutes from the beach by car. The 307 highway is a real divide, both physically and mentally. Most people want to be between the beach and the highway. Even a block west of the highway means that walking seems too far and rents are much lower as well as rentability by tourists. This is something to take into account if you are looking to rent out your property.

If you choose a new development like Real Ibiza, Los Olivos, Bali, other similar development, you should consider transportation. Living in the center of Playa Del Carmen can easily be done without a car. Outside of Playa Del Carmen is a good option if you like a little more space and perhaps are looking to build your own home.

Invest in rela estate in Playa del Carmen

You will have three options in purchasing property, they are:

  1. Find a realtor that you feel comfortable working with and find a property and go through the process with their assistance as well as going to the notario. This is by far the way that most people buy in Playa Del Carmen real estate investment.
  2. Hiring a lawyer to help you with legal paperwork and help you with the process in addition to going to the notaria and perhaps with the assistance of a real estate agent. Lawyers can be handy for presale units since there are extra things to consider in the contract, for example what to do if the developer does not finish on time. 
  3. The third option is to do most of the work yourself (perhaps even finding the property yourself and making an agreement with the seller) and go to a notaria to handle the paperwork. Most people only do this is you have lived in the area for a while and understand the laws regarding property transfers and titles. This is also more of a case with houses and older condos. 

Each option has its benefits and your situation and understanding of Mexican laws and procedures should guide your decision in the purchase of a Playa del Carmen real estate property. There are many nuances to the laws here and with such an important decision you will want to make sure it is done correctly.

Real estate agents in Playa del Carmen Mexico