Playa del Carmen Real Estate - Where Second Houses Are a Good Investment

If you're thinking of buying a second house, then you need to think about purchasing home in Playa del Carmen - as costs are currently still economical, but are increasing rapidly.

By purchasing home in Playa del Carmen, you'll have the ability to make the most of a real estate boom that's set to continue for several years to come.

Let's look at why buying a home in Playa del Carmen is such an excellent investment:

Home Prices in Playa del Carmen are increasing

Investors that purchased a $30,000 home 15 years earlier, now Playa del Carmen properties for sale discover that their property deserves as much as $750,000.

Another example of the Playa del Carmen property boom is the Marriot Corporation, which developed the Los Suenos Resort, pre selling fifty condos of 2000 square feet for $250,000.

The following year, Marriot offered another fifty at $350,000. This year's upper end systems are being cost as much as $450,000 to $850,000!

The biggest modification in home in Playa del Carmen throughout the past decade is that costs have actually significantly increased as Playa del Carmen has drawn in more foreign purchasers - and costs have actually doubled, or tripled, from 10 years back.

Property in Playa del Carmen is Inexpensive

In spite of these big home price increases, Playa del Carmen property is still cheap compared with nations such as the US. A charming three bedroom property can be purchased for just $60,000, and rates for beachfront homes cost as much as 75% less than in US states such as Florida and Arizona.

Home rates in Playa del Carmen will continue to increase in value over the coming years, but there's another way to ensure that your houses value exceeds exactly what is currently an excellent typical growth rate - and here we need to take a look at location:

The Importance of Location

When buying home in Playa del Carmen, you have to look at the facilities - which can enhance an area's value.

Here are examples of 3 facilities changes that will increase home prices in surrounding locations:

A New Freeway: Scheduled to be completed quickly, which will link the largest city cities to the Pacific Coast, thus creating an increased flow of traffic and fueling purchasing interest in nearby areas.

A New Marina: The biggest marina in Playa del Carmen, is because of be completed quickly.

When buying home in Playa del Carmen, being in ahead of the crowd - prior to a vital part of the facilities is completed, will allow observant purchasers to benefit from price rises after the infrastructure is completed.

If you're purchasing home in Playa del Carmen, (or anywhere else for that matter) then you need to consider area before buying.

Purchasing Property is Easy

Where else in the world can foreigners pertain to a country which has a stable democracy, no military, a government that motivates financiers with no limitations, and where immigrants are entitled to the very same ownership rights as Mexican residents?

Include low expenses and no capital gains tax, and its not surprising that foreign purchasers are looking at Playa del Carmen. Purchasing property is Playa del Carmen is simple - and that's one of the major tourist attractions.

A Demand Driven Market