Playa del Carmen real estate has for many years been a favorite with International expats and tourists. A recent study showed that about 40% of the Riviera Maya real estate sold is being lapped up by foreigners. Of these, American and Canadian citizens constitute the major group of foreign real estate investors in Mexico. Over the last couple of years, due to many global economic factors, Mexico real estate is been seen as a favorable property investment destination worldwide. Savvy investors have taken advantage of low prices of properties and are now reaping the profits.
A recent trend that has emerged is the popularity of Playa del Carmen condos. Real estate investors and as well as folks looking for a vacation home or retirement home in Playa del Carmen are increasingly buying luxury condos in Playa del Carmen. In fact, buyers book a unit even before the actual construction starts. This enables buyers to buy pre-construction condo in Playa del Carmen at lower prices. A feature of Mexico real estate market is for purchasers to buy Mexican property “off the plan”, that is when the project is still in the planning stage and construction has not yet started.