If you are considering investing in a property to rent out, you may have considered Playa del Carmen real estate. But exactly how good of an investment is Playa del Carmen condos for sale? How strong of a demand is there from tourists? How much confidence can you have in this market?
The answer; investing in Playa del Carmen beachfront for sale, or even condos and homes slightly back from the beach can provide an excellent source of rental income!
As far as confidence goes, consider this; at the end of January, 2010, Mexico's President, Felipe Calderon, met with Jim Abrahamson, a representative of the Intercontinental Hotels Group, to discuss the groups future investment plans. The results?
Abrahamson announced, on behalf of intercontinental, that the group will be investing $500 million dollars into constructing new hotels in Mexico over the next three years!
This translates to 47 new hotels, and over 5,000 new hotel rooms.
This company is sure confident in investing in Mexico's tourist economy! Over the past decade, Playa del Carmen has been one of the strongest tourism areas Mexico, and this confidence can apply even more so here; in fact, when the President met with Abrahamson, the toured Playa del Carmen and the surrounding area, simply to review and confirm the strength and potential of tourism in the area!
But if you're investing in Playa del Carmen real estate to bring in an income from vacation rentals, here's even better news; you don't have to invest $500 million dollars. While the more you invest, the more choice you have in selecting the property with the best potential, it's not necessary to invest a fortune of any sort.
A condo for $150,000 or even less could do the trick. The vacation rental market in Playa del Carmen offers a variety of demand, and there are vacationers looking for inexpensive options, as well as small groups that can pay a little more for a larger unit.
One of the most important points to keep in mind is to work with a good rental management system; with consistent and well-planned exposure, a rental property in Playa del Carmen will bring you as an investor a very consistent income, and a solid return on your investment.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely