What is going on with the Playa del Carmen real estate market and prices?  This is an often asked question by our clients who are considering purchasing real estate in Mexico, and rightly so. Are real estate prices going up, dropping as in the US, or holding their own? “Is this the time to buy now, or should we waitâ€, is often asked. Let me make some important comments on the subject and hopefully give you a better idea of what’s going on here in Mexico, and in Playa del Carmen in particular.
The biggest and most important point, especially for our US clients, is that most all real estate purchases in the past have been made for CASH. No mortgages, and therefore no defaults and virtually no foreclosures. That is why prices here have continued to be relatively stable here. But, I would say the market here is soft, primarily due to the worldwide cautiousness that has everyone being a bit careful with their money these days. We don’t see the aggressiveness of a couple years ago when property was selling like the proverbial “hot cakesâ€. Playa del Carmen is still one of the fastest growing areas in Mexico, if not in all of Latin America. I assume most of you have been here and can appreciate the many reasons why. As for a Mexico retirement option, it’s a lovely small beach town with one of nicest beaches anywhere. Small enough to pretty much walk everywhere. It has a wonderful mix of local life along with the great shops and restaurants of a tourist town….the best of both worlds. It was just listed as one of the safest towns in all of Mexico. It’s friendly and hospitable and of course, the cost of living is so much cheaper that where you might be living. But yes, there are some really great deals right now…some real bargains on the Playa del Carmen beachfront for sale. And of course, nobody knows what the future hold for prices…my crystal ball is a bit fuzzy as always. We won’t know if now is the best time to buy until later when we can look back at current prices. There are some urgent sellers who need to sell, whether because of lifestyle changes, death, or perhaps overextended financially. There are always bargains to be had for all type of reasons. The sellers know it is not a robust market now and some, not all, are offering great deals as a result. I guess that’s where we come in. Use us to help find you the best possible deal. The more information you give us, the better we can help. The location, the style, the size and of course, you budget. Then we can go to work for you representing you to find the best deals and best options that fit your idea of your own personal home in Mexico.
Doug Morgan 512-879-6546 www.TOPmexicorealestate.com THE TOP Mexico Real Estate NETWORK; “Mexico’s leading specialists for finding and purchasing Mexican properties safely !â€