Is this a year good to buy real estate in Playa Del Carmen?
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- čas přidán 3. 06. 2024
- Here is our article that has more details and also the email of the realtor in the video if you would like to contact him: everythingplayadelcarmen.com/...
Are you thinking of buying a property in Playa Del Carmen this year? How is the real estate market this year? In this video we are going to talk about what is new in the real estate market and what is driving prices. We talk about the four best areas of Playa Del Carmen to buy in for investors or for people to look to live in Playa Del Carmen.
What makes this video a little different is the fact that we do not sell real estate on our website. So, we can be very open and honest about things here. Two of the highlights of this video and article is our honest take on what to expect for ROI this year and also 8 things that we see good investors doing all the time to make better returns on investment. We hope this general overview for this year will help you make wise decisions for buying property in Playa Del Carmen. We will have more educational videos coming out, so we hope you stay tuned. We also have dozens of articles on our website that cover many topics concerning real estate and buying here that you can see under the tab "Living in Playa".
If you do have some general questions, we can try to answer them, you can post below of on the comment section of the article. If we are not able to answer your question, Sebastian, the realtor in the video, his email in the article above in case readers want to contact him concern real estate in the Riveira Maya.
Here is our article with more information about real estate in Playa Del Carmen. everythingplayadelcarmen.com/should-you-buy-real-estate-in-playa-del-carmen-this-year/
Just found you. I'm on my patio in the morning in Colorado. Love your attitude. I'll be back.😊
We will keep making more videos for the area and hopefully you will enjoy more of them. We love covering everything in the Playa Del Carmen area and Riviera Maya.
Thanks for the series of videos - have read EverythingPlaya for years Two questions: the very attractive appreciation values Sebastian mentioned compared pre-Covid to post-Covid. Was there a "Covid Bump" in Playa as there was in much of the US/CAN? Second: Beginning of the video talks about being 'landlocked' to constrain supply and therefore increase rents/resale prices. I've heard some longterm owners of rental properties (Coco Beach area) mention proliferation of new construction has depressed rental rates. In the midrange, is Playa really resource-constrained, or was that "Realtor speak" to urge buying now?
Covid was a time of uncertainty and there were ups and downs in the real estate market. For example the peso to USD went to 25 which is the highest it ever has been. Some in Mexico freaked out and exchanged money to USD while other bought real estate because it has been traditionally better bet than keeping it in pesos (This is from Mexicans) foreigners that could buy at that time bought at sever discounts because the USD was so strong. Then we actually had a lot of people renting because people could move and work or travel for a while and work remote. It just highlights the opportunities that come along and the importance to hop on something if there is a good opportunity. The market has calmed down and there is more construction now, so it is more important to be more selective. The comment about Playa being constrained is more of a big picture look at the market. There still are lots of places to build and to run out of space might take a decade. But this does mean that prime spots are limited unless they build up. There is a height restriction now of ( I believe the current height is 7 stories) It might be 6 but there is tricks to making things taller. I do remember when it was only 4 stories. So I have seen Playa Del Carmen change a lot.
Hi there, it seems that Playa del Carmen is a more developed than Tulum
So in your opinion which place is best to invest thinking for rental purposes playacar dowtown vs Tulum downtown?
It will depend on several factors. Playa Del Carmen is more of a steady market and Tulum has more ups and downs. Where you buy is important because you will need to visit. Which city is easier for you to get to, and which city will you like to be in? It will also depend on what type of unit you are looking to buy because not all condos rent the same in Playa or Tulum. If I remember correctly some of the details of our conversations, I would think Playa might have more options in your price range and might be an easier place for you to buy.
@@EverythingPlayaDelCarmencom thank you, yes perhaps it is a good choice for me. I was waiting until elections past in order to move. That was a very important information. You are doing a great Job which really open the eyes of investors.
It’s over boys. The real estate market is super dead.
It is true the market is not at its peak, but you have to look at the big picture. Many people still like the lifestyle that Playa offers and with people looking to leave more expensive places in the world, people are still looking at Playa. We know many agents and rental agents that are still very busy. Some real estate agents that are not positioned to reach clients or do not have good referrals, or are not that knowledgeable about the market are not doing well. There is still a lot of money flowing into Playa for South America and Mexicans that want to have a property near the coast. Some agents they focus on one nationality can have large swings up and down as currency markets move. For example the Canadian market has been much lower because it had become more expensive to buy in Mexico. We will make another video in early 2025 and see how the market is for then.