Playa Del Carmen real estate is hot! Here is the ultimate guide to where to buy, info on new condos and how is the real estate market for you. To begin with, we have put together a video talking about areas to buy in, what makes a good investment, and what things will affect the prices of real estate in the near future. We hope you find it beneficial.
Playa Del Carmen Real Estate
So you are thinking of buying into the real estate in Playa Del Carmen. Where do you start? You no doubt know a little about Playa Del Carmen and perhaps have come to visit several times before. If you are just starting the process to look at property and want to know a little more about the process you can read more here.
In this guide we will give some insider/on-the-ground observations from all the people we talk to here and tours we take of new developments and neighborhoods. We want to give you up-to-date information and some more in-depth information so you can make a wise investment. Best of all, we do not sell real estate, invest in Playa Del Carmen real estate or anything else associated with real estate so we are not going to steer you in any special direction just to make buy something that will profit us.
We are going to start with some thought provoking questions that we will discuss further below.
- What are the biggest misconceptions about real estate in Playa Del Carmen?
- Where should you buy in Playa Del Carmen?
- What is going on in the Playa Del Carmen real estate market?
- Should you rent over buying?
- What does the future look like for Playa Del Carmen?
- How to get off on the right foot with your realtor.
Lets start looking at some of these questions.
Misconceptions about Playa Del Carmen Real Estate
A lot of people have dreams of retiring or just living in a vacation paradise. However there are some realities you should know about. We don’t mean to burst your bubble, but just tell you about some realities of life here in Playa Del Carmen. Here is a list of some of the misconceptions:
- Mexico is a cheap place to buy.
- The US dollar is strong, my buying power will go further.
- I am going to buy a house on the beach.
- The property is only 10 minutes to the beach!
- I thought that closets and the kitchen came with the place.
- You can buy a fixer upper in Playa.
- I cannot buy because I am a foreigner.
- I should trust a realtor that is from my country.
- Getting a loan is just like your home country.
All of these topics come up with people looking to buy in Playa Del Carmen. To read a further explanation of these misconceptions in real estate of Playa Del Carmen see our article here.
Where is a good place to buy in Playa Del Carmen?
If you are just starting to look you might have one of three ideas in your head as to where you want to purchase. These are:
- A place overlooking the ocean or oceanfront.
- A place you can use for a rental, so you are looking in the center of Playa Del Carmen or a few fringe neighborhoods.
- A quieter neighborhood that perhaps you can buy something for yourselves to live in. You want to live in Playa but do not want to live in the center of the action.
Lets now examine each one of these areas to see what options you have.
Beachfront property in Playa Del Carmen
Many dream of waking up on the beach but the reality is there is only a limited amount of beachfront in the world. What is beachfront in Playa Del Carmen is limited and there are only a few homes available, the rest are condos. If there are too few options in Playa Del Carmen you might want to see our map in this article about where the expats live in the Rivera Maya and Yucatan Peninsula. This might give you some insight into other beach front areas but also what it is like to live there.
You do have to keep in mind that if you are going to live beachfront, you are going to be sharing it with tourists. This is prime rental property and either way you cut it, you will make more off your property renting it out for a couple nights or a week then actually living in it. That is why many people prefer to buy beachfront but rent it out and actually live further back from the beach.
Where are the beachfront houses in Playa?
If you do want to purchase a home, you will need to focus on Playacar Phase 1. This neighborhood is a gated community that has upscale beachfront homes. You can read more about Playacar Phase 1 complete with price ranges and more details here in our article.
Where are the beachfront and ocean view condos in Playa?
If you are looking for a condo you will need to focus more on the north end of Playa from about 28th Street to 46th Street (AKA CTM Avenue). Most of the beach from Juarez Avenue to 26th Street is lined with small hotels or larger hotels and a few timeshare units. Of course you might settle for an ocean view. Usualy the first few streets have ocean views from the upper levels. However most of the downtown has some view from the roof as long as your building is 4 or more stories. Some building have shared rooftop pools and decks that will give you that view you want without the price tag.
Just look at the amazing view this building below. This is two blocks off the beach and the view from the shared rooftop.
To learn more about beachfront property in Playa Del Carmen and the Riviera Maya, see our video below.
Where is it good to buy a rental property in Playa Del Carmen?
Many people look for a property they can rent out and perhaps visit once or twice a year and possibly move into in the future. Ideally some of the most rentable properties are between 8th Street and 46th Street and the beach to 25th Avenue. Then there are a few fringe areas like Grand Coral and Playacar to mention some.
Usually on of the first question when looking for a rental property is “What will be my ROI or return on investment”. This is important to ask so you make a wise investment. It will make a difference where your property is. There are certainly more popular areas for people to live and rent for vacations. We created an interactive map below that should help you.
Important tips for buying property for an investment
Below are some things to take into consideration when looking for an investment property.
- It is nice realtors give you an estimated ROI (return on investment). Many in Playa will say 8-13% return. This certainly is more than most stocks and other investments. However this will be determined by how good of a management you have and it is good to ask other owners what they are currently getting for rent and a return. We have a good article on ROI in Playa Del Carmen here. For more on investing in Playa Del Carmen see our full article here. Also, we have an article about investing and property appreciation.
- Another great tip to see how the rental market is doing is check out this data analytics tool that many top investors use.
- Being new to the whole world of real estate in Mexico, you will need to learn what to look for when viewing a property. Here are some things to think about when out touring.
- There are many building in the process of being built. Some of these offer pre-sale prices. Can this be a good investment to buy before it is done and save money? You can read more about buying pre-sale in Playa here.
- If you are looking to invest in a fractional ownership, vacation club, or timeshare, please read our article here. Some people are not ready to make the jump to invest $150,000 or more in a condo and a small investment might seem like just the right fit. After all it can cost just a fraction and you get a place to use in paradise right? Well please see the article before making ANY decision, even to taking that “free” tour.
Residential areas of Playa Del Carmen for living
If you are moving to Playa Del Carmen you have several questions to ask yourself.
- Do I want live where I don’t need car?
- How close do I want to services like the grocery store.
- What is my budget?
After you answer these questions yourself, see what areas we suggest you look at below. Be sure to see the interactive map below this discussion.
Areas of Playa Del Carmen you do not need a car
One of the reasons why people like Playa Del Carmen is because so much is walkable in the downtown and you can get by without a car or maybe just a scooter. If you are going to be in Playa for a few months a year, want a car free life, or want a rental property for tourist, we suggest looking in the downtown of Playa but more specifically from Juarez Avenue to 46th Street (AKA CTM Avenue) and from the beach to 40th Avenue. These boarders will give you a good area to look at with a lot of options, mainly condos.
Playacar Fase 1 and 2 is possible to live without a car but life will be full of taxi rides to the supermarket and getting into the center of Playa Del Carmen. Playacar is a nice residential neighborhood on the south end of Playa but for almost all services you will need to leave the gated community.
What areas are good to live in that are close to services?
Where do people have to go most of the time? Usually to the grocery store and then to work. Maybe you wont be working when you live in Playa or working from home, so that is not an issue.
If you are going to be living in Playa you don’t want to spend a lot of time driving everywhere. The rather off reddish violet color on the map below shows areas near most of the super markets and areas that have good road access and transportation. There are other super markets in the largest blue box on the map. This large blue area is more of a budget area for purchasing a home and mostly Mexican locals with a few expats. If you are looking for the lower end of the budget, then this area might interest you. For more on areas on certain budgets, see our next section.
Real estate based on budget
Lets face it, everyone has a budget and you can only spend so much. Budget is even more important in Mexico because most everyone is buying with cash, or what cash they have.
Prices in Playa are always going to be more by the ocean and will descend in price going back from the beach. Real estate prices are also effected by other factors in Playa Del Carmen. For example there are many buildings with cuartos for rent. See our article here on why this effects the price of real estate in Playa Del Carmen.
Here are three price ranges and what areas you might want to look in.
Budget Housing in Playa Del Carmen
If you want to keep your price tag under $140,000 USD you will most likely have to look on the other side of the highway. The 307 Highway is a big divider in price ranges in Playa. It is near impossible to find any condos under $140,000 USD below the highway. If you do find any, they usually are very small, or older and not in the best shape. Usually any of the cheaper condo in the center are mainly meant for short term rental investment condos.
Beyond the highway there are places from about $50,000USD and up. Many of these are in fraccionamientos (planned communities). These are a whole other type of real estate and if you are interested in these, you should take some time to understand the details of them. Here is an article where we discuss what it is like to buy one of these units and the special things you need to consider.
Midrange Housing Options
If you have between $160,000-lets say $300,000, the downtown can afford you a nice condo. The more expensive condos will be on the north end of the center. The Coco Beach section is now ranging from about $190,000 and up. In Playacar you can find condos in this range and a few houses in Phase 2 on the back side.
There are also houses in this range. These tend to be in developments not in the downtown or near the beach but rather gated communities. Some of them are El Cielo, Bamboo and Bali to name a few.
Actually with about $200,000-$300,000 range, you will have a lot of options to look at.
High-end Real Estate in Playa Del Carmen
If you are looking to invest $300,000-$2,000,000 in a nice property you should focus on Playacar Phase 1 or 2, and in Grand Coral where you can find condos lined with golf courses. Of course for $300,000 and up you can afford on the north end of Playa Del Carmen center and many penthouses in the downtown.
What is it like to buy a new condo, house or land?
Most people buy condos in Playa Del Carmen. There are a few houses in the center and even less available along the coast. Land is the least purchased type of property because for many it is too much planning to get a house built. Here are a few more details about each type of property.
Condos in Playa Del Carmen
Condos range in Playa from the size of a hotel room to three floor penthouses. Most of the condos are 8 years old or newer since most of the development has been in the past few years. You can find more Mexican styled condos or super modern design.
When looking at condos consider the size of the building and how many units there are. Some can have up to 100 units which and many of these will be vacation rentals. If you are looking to live/rent, take into consideration what the “neighborhood” will be like. With larger condo buildings you often get more services like pools, spa and front desk, which can all be nice to have. In smaller buildings you may only have a few neighbors but higher maintenance fees and less services. All of these things you will have to take into consideration when looking to buy a condo.
See our article about with lots of tips for buying property in Playa Del Carmen that will also be used for rental.
Houses for sale in Playa Del Carmen
Many of the houses for sale on the budget end are in fraccionamientos. These are planned community by developers. To see an example of an older fraccionamiento see our article on the Santa Fe neighborhood.
If a house is not in a fraccionamiento you might be looking in Playacar section at an upscale home or you might have found something that is a standalone house somewhere in Playa.
Land and lots for sale in Playa Del Carmen
There are three types of land basically in Playa Del Carmen real estate.
- Land in the downtown. This will most likely become a multi story building at some point because the cost of the land is priced with the potential for what you can build on it. See our article on how Playa Del Carmen is growing up with the size and scale of buildings in the downtown.
- Land in outlaying neighborhoods where you can build a stand alone house.
- Lots in a planned development.
If you plan on buying in the center of Playa land we recommend you research fully and know the process for building approvals. It can be a lot of work but it can pay off if you build a multi unit condo building.
If you are looking for land just to build a house you might want to look at the area that is in front of Centro Maya just west of the highway. This area is a residential area with lots available and you will not be in a planned community where you need to build a cookie cutter home. This area also is pretty central and in a good area. Streets are just getting paved in this area and more services are being added.
If you want a building lot in a community there are several we will recommend to you. Ciudad Mayakoba is one and El Cielo, both of these are on the north end of Playa Del Carmen and popular with people looking to invest in building lots.
What about renting before buying or just renting?
Some people wonder if you should just rent or rent for a few years and then buy. This certainly gives you a good feeling of what an area is like and will help you make a good decision but will this make financial sense? We break it down in numbers if long term renting is better then buying in Playa in this article.
If you are interested in renting in Playa Del Carmen or are an investor and wonder what it is like to deal with renters, we recommend you read our article on renting in Playa Del Carmen.
What is the Playa Del Carmen real estate market like?
You might say that all this information is great but what is the real estate market doing now in Playa Del Carmen? Will my investment now be a good move or will prices fluctuate in the near future?
There is no doubt that Playa is changing and growing. You can see many photos in our gallery of new building going up in Playa here. Playa has continued to grow over the last decade and continues to grow. While more international people have been discovering Playa and more younger people have been moving to Playa that are not of retirement age, there is also the Mexican factor. It is a desirable area of the country to invest. Many of the other costal cities are either not in the same shape or do not offer the range of attractions to visitors that the Rivera Maya does.
You might want to read our article where we talked to a real estate professional that has seen almost two decades of changes in Playa Del Carmen. He talked about what changes he has seen and what areas he sees developing. Also talking to a recommended real estate agent is a good start. We have a full article good realtors in Playa Del Carmen.
The downtown of Playa has seen the most changes and the infill is certainly taking place. Even when it is not all about living by the beach, it is the more cosmopolitan atmosphere that is drawing people to the city. Constituyentes Avenue is developing into a condo row with many new places available and the center is moving north as this area see more invested into developing it.
What does the future look like for Playa and the real estate market?
Baring a major downturn in the world market or a major epidemic, Playa Del Carmen looks like it is on a steady rise as investment funnels in. Having an understanding of Mexico and the global outlook is important in predicting what will come for this once quiet fishing village on the beach.
Within Mexico Playa Del Carmen remains one of the top places for people to invest and this is a major factor that has driven the market. Americans have always looked south to purchase and retire and this looks to be a continued trend. Canadians have been hampered by the lower Canadian dollar and this will slow investment coming from the north of North America. Europeans have not been a majority of investors but as more financial instability arises in Europe there is a continued look across the Atlantic. Then there is South America. We have a larger contingent from Chile and Argentina coming to Playa to look at investing and getting money out of those countries as it is deemed safer here.
So overall when you look domestically and globally, Playa Del Carmen looks to be on a path of steady growth.
You might also be interested in reading our article on predictions for Playa Del Carmen over the next 5 years. It was in an article entitled Playa Del Carmen in 2025.
Some people are looking to areas like Colosio for a place to invest as Playa Del Carmen moves northward. To see what challenges people face when investing in Colosio see our article here.
We hope you have enjoyed reading about real estate in Playa Del Carmen. We will continue to write more about this topic and tour new buildings in the area. Also we try to keep this article up-to-date like we do with all articles on our site.
Investing in Tulum
If you are looking to invest in Playa Del Carmen you should also see our article and lengthy video about the Tulum real estate market.
Do you have questions or comments about Playa Del Carmen real estate? Feel free to comment below or send us an email to us. You can find the contact us tab above under “About”.
Wow is what I have to say! Thank you very much for this guide to real estate. I am looking for some properties in Playa Del Carmen and I like the fact you are not a real estate company and tell it like it is. the maps are super great too. Keep up the good work, it is appreciated. You much like real estate to make such a guide.
Thank you Miguel. We do love real estate and like watching how Playa Del Carmen changes with new buildings. There is always something new going up and being built. We have gone through the process of buying and selling here so we know how it is. We like to pass on tips to people here and help people find out about thing here. We hope to bring you much more about real estate in Playa Del Carmen.
Thanks for all your info on real estate there in Playa. I have been looking at the idea of getting a place to rent out and moving down in two years. There seems to be many options and your site gives some clarity.
We have been reading all your articles since we are looking to buy something in Playa del Carmen. You have helped us a lot in our looking process. Thank you. We would love to take you out for dinner when we are there.
Thank you Paula! We are glad you found the articles helpful. We will send you an email.
Can you recommend a realtor or agency for us? We are looking to buy a new condo near the beach but we see so many options and want to get some recommendations first before we start calling people. Thanks
Thanks for reading our guide. We will send you an email with some recommendations for you.
It seems like there are condos going up all over the places and I wonder what will Playa look like in a few years. The beach is not getting bigger or even better for that matter. The same is happening in Tulum. I wonder how things will shift from beach town to cosmopolitan town.
Hello. I have been planning for sometime about getting a place in Playa Del Carmen. I like the area that is near Coco Beach or in Playacar phase 1. Can you send me a recommendation for a realtor that deals in this area and speaks English please?
We will send you some recommendations in your email that you attached to your comments. Thank you for asking us and we hope you find something that you like.
Hi. Thanks so much for the wonderful detailed info you provide on PDC. I’m giving serious thought to moving to PDC and would be interested as well in any English speaking realtor recommendations you may have. The Phase 2 Playacar area is especially looking good to me.
Thank you so much for reading our website. We will send you an email with some recommendations.
Thank you again.
I have been wanting to move to Playa del Carmen for years now and am in a little bit better financial situation now. I still do not have all the funds together but can you recommend me a person to talk to about options of financing? I know most condos are cash only but I was hopping to do some work with numbers. Thank you.
We know how hard it is to jump into the market here with it being mostly a cash real estate market. We will however send you some name and contact info for people in the area that might be able to help you. We hope this helps you out.
Hello, I sent you guys an email but wanted to post as well. I am looking at a few condo buildings and there is not much online about them. I wondered if you could write about them or investigate for me. One of my friends said you helped her a lot with information and I like knowing about places before talking to a realtor. I also want to know what realtors you recommend for Playa. Thanks much!
We just got your email and we responded with some details of the buildings you are looking at. One of them is sold out but the developer is doing a second building so they have left the sign up for sales. We hope you find something you like and hope to see you around here!
Hi I am looking at purchasing at Loft Deluxe in PDC as a rental property (one bedroom), do you have any information or insight on the building or builder beyond what the builder has given me? Just want a non biased opinion. 🙂
We actually wrote about this building a while back. It was built under a different name. https://everythingplayadelcarmen.com/the-nuove-building-in-playa-del-carmen-our-review-for-buying-and-renting/ This is a great location. We don’t know what the asking prices are from when they originally sold. Maybe some bought and then are reselling to turn a profit. One note we don’t think is in the article, is the fact when we went the power was off. The building has low air flow and is a little dark because there are not too many windows. One other note you should be aware of as an investor is the fact that unlike across the street, you will be on your own for renting it out or hiring a management company. The Airbnb rates are not as high as they should be due to the amount of places for rent. What one company has done is manage the units when you buy and they have large contracts with tour operators and other such companies to run the building like a hotel. This gives better returns then doing it yourself or a small management company. If you want to go that option let us know and we can give you more details. Not all investments are equal in Playa. Everyone promises 8-14% returns but how this is done is not the same and the results are not the same.
Hola, en un par de semanas voy a visitar PDC por primera vez. Una de las razones de mi visita es para explorar la ciudad como posibilidad de inversion en bienes raices. Mi idea es comprar un condo y ponerlo en renta.
Agradecere si pueden pasarme los datos de algunas agencias de bienes raices.
Los felicito por este sitio web. Estan haciendo un excelente trabajo. Sin haber estado ahi, me han ayudado mucho a conocer mas sobre sobre Playa.
Hola Le enviaremos un contacto de bienes inmuebles recomendado para usted. También le pediremos que le envíe cierta información para que pueda comenzar a conocer lo que está disponible. El agente de bienes raíces es muy bueno para las opciones de inversión.
Thank you for all this brilliant information! I am looking to invest in some land to develop multi unit condos in Playa. Would you be able to recommend any great local real estate agents who I could have a chat with to find out more about property demands and popular real estate strategies? Thanks so much!
We have this article on recommended agents that is helpful to readers. One of the realtors is Lilia and she is very good about knowing what land is available in the area. Her contact info in in the article. We wish you good luck with your search. https://everythingplayadelcarmen.com/real-estate-agents-playa-del-carmen/
We are seriously thinking about buying a condo in Playa Del Carmen. Can you recomend us some good realtor that can guide as through the options available there? We live in the US but we do speack Spanish.
Thanks in advance!
We get a lot of people asking us that so we put it in an article. Here are two options. Lilia is good for non GMB properties and land and Sebastian is good for GMB which has about 18 projects in Playa and Tulum. We wish you the best with your search. Let us know if you need anything else. https://everythingplayadelcarmen.com/real-estate-agents-playa-del-carmen/
We are looking for a condo and have seen a number of them while visiting PDC. My review of the ROI suggested by the developer seems to price the nightly rent much higher than what I see offered online. I see you have recommended realtors. Do you have any recommendations for management companies to handle the rental, marketing and maintenance? I should discuss rental reality with these folks before I commit to the purchase. Thanks.
This is something good to look at. Not all ROI is the same. Some smaller projects talk about ROI based on what your can rent it at yourself. Other buildings do in house management. Good management companies or people are good when you find them. They need to be bilingual, responsible, available many hours a week and have a lot of connections of how to get things done and who is good to fix things. You could send a email to the recommended real estat agents we have but we are not sure if they will get back to you with free help. That is a service of a good agent you are working with. Of course if you contact a developer yourself and are looking to set it up yourself, then you have to find a good management company. We don’t know of any ones right now. Several that we know are full and not taking on clients. It is good to look at local Airbnb listings to see what is being asked and rates in different seasons.
Hi, I’m thinking about buying a 3 bedroom condo at Loft Deluxe in Playa and doing a lock off, basically making one of the bedrooms a suite. The price of the unit will 220K furnished and was wondering if you think it would be a good rental investment property? Also, is there a managing company that you recommend? Thanks in advance.
That location is a good central spot and close to supermarkets and 5th Avenue. One thing that you might consider is the loft section of the condo you are going to have to run the ac hard to cool that area since cool air flows down and heat rises. The closed off room upstairs can keep the cool air in with the door shut but that open second level will be a hot spot in the unit. You might want to see some of our tips here for investing. It is an article we just posted with some details. https://everythingplayadelcarmen.com/investing-in-playa-del-carmen/ We assume you are working with a good realtor. They should be able to line up a good management company for you.
The following articles have really helped me with looking into the market in Playa. There is a lot of information and honest opinions here that you don’t find other places and that is refreshing.
It is perfect timing to come across this article. My wife and I have been to Playa twice before and really like it for a place to retire and invest. I find your articles helpful and will be coming back to the website more to learn more about the area.
Nice detailed information. I have been looking online at all your articles on real estate. I like your approach and that you are not trying to sell me something. Plus there is a lot of good info on your website.
Love all your articles. All subjects are well documented and explained. Extremely helpfull for retirees like us who look for a place to live for 6 months during the winter. We visited PDC few times. Now we want to buy a condo in the area of EL Cielo, Condo Punta Allen. Want to be close to stores, restaurants and beaches. Is this a good location ? Do we need a car ? Any small management company that can help to take care of the condo while we are not there ? Thanks in advance for your precious help.
El Cielo is on the north end of Playa and not really that accessible by public transportation. For example, it is about 6.9km from Walmart in the center of town. Playa is moving north in development but it is still disjointed with private neighborhoods and no sidewalks connecting them. So you would need a car. Some think about renting a car for the time they are in Mexico but this is hard to do because it is normally expensive and hard to find. Many older people like the look of El Cielo, but it does have its drawbacks. The car/transportation thing and renting it out can be hard if you looking for short term renters. Since this area is not really for tourists, it can be hard to rent for vocational rental. It is best suited for people coming for a few months. Management companies are worth their weight in gold since they can really help or hurt you. Your realtor should help you or point you in a good direction. There are real estate agents and then there are full service agents that really work with you. Buyers agents are even better. They are ones not representing a development and can show you anything. Because so many people ask us about real estate and finding answers to questions, we wrote this article with some agents that people really like and are able to help people with all the details, like setting you up with management services when possible. https://everythingplayadelcarmen.com/real-estate-agents-playa-del-carmen/ We hope this information helps you. Let us know if you need anything else or have other questions.
Really appreciated your reply. This will certainly help us to make a good choice for a real estate agent and the location. One more question. I heard that foreigners can not register when they buy a car in Mexico. Any idea how to solve this problem if we decide to buy a car. Any suggestion for a small good basic car to buy ? Thanks again. Best regards.
The laws for owning a car are set up for those that are a resident. Getting insurance, providing your license, address and all of the information for registering your car. There always is a little debate online when people ask if it is possible to buy a car on a tourist visa. As we have just recently seen, when people are “living” in a country and not residents, sometimes you can find yourself in a bind. Like when travel restrictions went into effect residents only were allowed into some countries and tourist were expected to leave the country. If you intend on living in Mexico, Milly Arceo is a great immigration specialist. https://everythingplayadelcarmen.com/immigration-lawyer-playa-del-carmen/
Hola estamos pensando en invertir en Menesses Midtown 2 pero tengo dudas sobre su ubicación en la parte sur de Playa pues no conocemos podrias darme más información de este sector ??por lo que veo en fotos me gusta mas la parte norte pero necesito la opinión de alguien que realmente conozca la ciudad, esta inversión seria para renta vacacional, mil gracias y quedamos muy atentos a su respuesta
Esta área se ha estado desarrollando durante algún tiempo. Es mejor que estar al sur de la Avenida Juárez y es mejor que al oeste de la Avenida 30. Por el precio total, no es un mal negocio. Atraerá a un viajero más orientado a su presupuesto. Es agradable, está cerca de Walmart y de la playa. El extremo norte de Playa es más bonito y tiene mejores tiendas y playas más bonitas, pero también precios más altos para los condominios. Un pensamiento para ti, ¿has mirado a Tulum? Hay mucho desarrollo allí y algunos condominios de nivel de entrada por el mismo precio que este. Sin embargo, el mercado de alquiler puede ser mejor allí y la calidad de los inquilinos es ligeramente mejor. Si entiendes inglés tenemos un buen video aquí sobre Tulum. https://everythingplayadelcarmen.com/tulum-real-estate-market/
What are your thoughts about El Cielo area of Playa? I want to buys a lot and build a house. My plan is to rent it 8 months a year and then move down in 3 years. Thanks
This area is popular with expats. Playa Del Carmen is moving more north and you will find more things opening on the north end in the next few years. If you want to build and design your own house, this can be a good option. The only part where it might be a little difficult is the rentals. You are looking to fill the house for 8 months a year. Since this area is out of the center and you need a car, it can be limiting as to who you rent the house to. Short term rentals will be hard. Six month rentals or a few months will be idea. Of course short term rentals are more profitable but you have more overturn and need a good management company to run it.
You could certainly get a feel for things from this article. Thanks for all the details and side articles about real estate. It is a whole other market and very different from where I am. I am looking forward to coming down in April and looking at some properties in Playa and Tulum.
There are a lot of good tips in this article for beginners like myself. We have been to Playa twice before and are at the age to retire and enjoy some months a year in Playa del Carmen.
I am considering buying a 1 bedroom condo for a vacation rental in the Siempre Playa – Ipana development (by SIMCA) on 10th Ave & Calle 38. I understand there is also going to be a 3 story shopping mall across the street on 5th Ave & Calle 38 eventually. It appears this is a good area for tourists and digital nomads given there are a lot of restaurants, retail and services in the area. The price is $232,500 fully furnished.. apprx 600 sq feet. I’m wondering whether this is overpaying for this development? Can you make a decent ROI with a more upscale property such as this, since it seems many investors are lowering nightly rates to keep units rented? Would it be more profitable to look elsewhere… or for up and coming areas? Your opinion please. Thank you!
This is a good overview of the market and things that are different from other places. We have been trying to sell our house here in Ohio and will plan on moving to Playa del Carmen next year. So many little details to get ready for the transition.
Thank you Micheal for reading our website and this article. We love helping people find the best things in Playa Del Carmen and this especially applies to real estate. We know how hard it is to start from scratch looking in another city let alone another country. Playa Del Carmen presents some challenges to people looking to buy and we hope to make the process a little easier. We love beingin a position to present independent information to people. We wish you the best in your search for a new condo or house here in Playa.