Playa Del Carmen real estate

Check out the latest MLS property search for Playa Del carmen Real estate and Cancun Real Estate.

Playa Del Carmen real estate

Check out the latest MLS property search for Playa Del carmen Real estate and Cancun Real Estate.

Driving forces in Playa Del Carmen Real Estate

Let’s explore the four major forces driving our Playa del Carmen real estate market today. First of course, we all know this one, the baby boomer generation is searching for their home in the sun. They have their money, and sometimes they even have generational money.

They know what they want and they are ready to take action and get it. More and more baby boomers are moving to Mexico to live part time or full time and enjoy a slower easier life style, and, so they never have to shovel snow again!

Second, is the broad demographics of our tourism. We have less expensive flights coming in to Cancun from all over Canada, USA, and Europe. This means our economy is not dependent on any single area. Take Puerto Vallarta for example, 70 to 80% of the tourists in Vallarta are from the pacific coast states. California, Oregon, Washington, and British Columbia, in Canada. So if anything happens to the Pacific coast economy Puerto Vallarta is empty. Here in playa our tourism is coming in form so many different area (just listen to the languages spoken on the street) that we have a much more stable economy with good rental returns, as well as outstanding equity growth. A disruption in any foreign economy will not have much of an effect on this area.

Third, let’s talk value, compared to any other major market in the world today. Think about this, how much will it cost to buy a new three bedroom home in a gated golf course community in the town where you live? Today we can put you in a new three bedroom villa on the golf course in a town on the shores of the Caribbean ocean starting at $260,000 usd! Let’s go a step further, how much would it cost you to buy a luxurious 1300 sq ft ocean front condo? We have choices of luxurious new Caribbean ocean front condos starting as low as $433,000 usd! Our foreign investors look at this kind of value and they simply write a check.

Look at Spain they have outstanding beaches with spectacular views but prices are through the roof and it is over crowded. Who do you think is the number one foreign investor in Mexico? Spanish companies. Why? Because they have seen the trend already in their mature market and they can see the same opportunity again here.

The fourth very interesting factor is the slow down in the USA and Canadian markets. Let’s explore that for a moment. We have been watching this development for some time and many people did not understand it until now, when they see it happening. Ask your self this, what does any savvy investor do when the market begins to show signs of slowing down? That’s right, he is going to stick his head up above the crowd and look around to see where his next hot market is. In this case he is pre-sold. His neighbor has been enjoying winters in their home in Mexico for years. Their developer friend has been building and doing well in Mexico also. But he has not been investing here because he didn’t need to, the market was strong and he was doing well.

Now these investors are coming in droves. They are not coming to buy a property. They are mature investors and they are making multiple purchases. This is why our market is so strong, and it’s got a long way to go. If you are on the sidelines it’s now time to get in the game.

Shawn Bandick is originally from Canada, a published author, and owns One Stop Real Estate www.onestopmc.com. He can be reached by email at shawn@onestopmc.comThis email address is being protected from spam bots, you need Javascript enabled to view it This email address is being protected from spam bots, you need Javascript enabled to view it or by phone at +52(984)100-5016 mobile 984 803 3739 office