Playa Del Carmen Real Estate
Playa del Carmen real estate offerings range from one bedroom, one bath efficiencies for sale or rent to ocean front estates valued over 2.9 million. The area is referred to as the Mayan Riviera, one of the fastest growing areas in Mexico. Located between Cancun and Cozumel, Playa del Carmen has only recently caught the attention of vacationers and retirees who prefer its quiet beauty to the more energetic tourist spots.
Mexican law restricts certain real estate transactions by non citizens, however, it is entirely legal and safe, provided one works within the rules. Foreign direct ownership of homes and houses is limited within certain distances of the country’s border and of the shore, however, ownership is facilitated through a bank trust, or a corporation established for that purpose. In either case, one has complete control and use of the property, so consult with an accountant and attorney to determine the best form of real estate ownership.
One of the most intriguing properties recently available is a twelve room/efficiency hotel, a darling little gem that could be a solid investment for someone who wants to live in the tropics. An owner could easily live in one unit and collect rent on the others. Other properties offer bed and breakfast potential for the career changer or active retiree ready for a more laid back lifestyle on the Yucatan peninsula. But all include the well known serenity of this area.
Ocean front lots and land are still available as well, though the prime spots are snapped up quickly by aggressive real estate investors, whether for personal use, or as vacation properties. Should you wish to build your own retreat, local real estate brokers have a network of experienced contractors to build that cottage or castle according to your plans. Homes are often equipped with guest quarters and/or maid’s quarters for maximum convenience and flexibility.
Property taxes are very low, and prices approximately one third of comparable US real estate. Other real estate services such as title insurance and property insurance are very similar to the services you may be familiar with in the US. Local brokers and agents provide referrals to mortgage lending, trades and services of all kinds, even complete turn-key management services for the investor or buyer who prefers professional assistance in handling rentals.
Only a one hour flight from many southern cities in the US, vacation rentals on the Yucatan are plentiful and in Playa del Carmen, you will feel at home quickly. The rental market offers a great variety of different size properties like a one bathroom condo, a penthouse with spa and gazebo, or a six bedroom, seven bathroom villa complete with staff for a vacation in luxury.
The expatriate community finds Playa del Carmen a convenient location with its well known 5th Avenue shopping and dining district. There are private schools available, as well as many community organizations and activities to charm family and friends.
The mild climate makes year round golfing, riding, swimming and sunning a way of life for those fortunate enough to own or rent a little piece of the paradise called Playa del Carmen real estate.
Are you looking to find more information on where you can find out more on Playa Del Carmen Real Estate? Visit our website to find out more! So why are you hesitating? Visit our website to find the best deal on Playa Del Carmen Real Estate to find the perfect property for your needs.
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