Playa del Carmen Real Estate Booming

Playa del Carmen Real Estate Booming
The Playa del Carmen real estate is one of the highest of demand here in the country of Mexico. Many economical factors and general trends over the past two years throughout the North American and European economies are working to place the Mexico real estate market as one of the most attractive for investors throughout the world. Near forty percent 40% of the Riviera Maya Properties are being purchased by Mexican Foreigners with the Americans and Canadians leading the countries with the highest amount of such international real estate investors.

A very popular investment option has been the Mexico condo options. In this real estate opportunity, buyers are able to reserve a condo unit before the construction has been realized. On some occasions, the developer may offer Mexican investment construction options “off the plan” before a parcel of land has even been purchased. The risks are compensated with large discounted prices on the condo units which many international buyers have found extremely attractive given international averages on Ocean Front Condo prices. The procedure normally requires a reservation quantity to be paid ranging from $5,000 up to $10,000 usd. This money is refundable upon request and may reserve a unit for an average of 20 days, enough time for the investor and his legal counsel to study and analyze the promissory contract on the Playa del Carmen Real Estate. If the buyer, upon review of the contract, decides to proceed on the investment opportunity, he will then be required to sign a promissory contract and forward another payment quantity. This hard contract deposit may range from 20% up to 90% depending on the developer or the negotiation of the particular operation. Other payments and payment plans may include monthly transfers or transfers based on construction milestones. Once the property is completed, the developer can proceed on obtaining a Mexico Condominium Regimen, which will then allow for delivery of the physical property as well as transferring the legal rights to the Mexico property.

International buyers are playing a significant role in the demands for Playa del Carmen real estate. With the tourism and occupancy rates higher than years before, and projections stronger than any historical figures on record, the appreciation on Riviera Maya Real Estate continues to grow despite slowdowns in the United States market. As more tourists come to the area, more fall in love with the local Caribbean Beaches, Mexican history, and the warm Spanish hospitality