When it comes to investing in land, many buyers go in with pre-conceptions about how a certain market works, and Playa del Carmen real estate in Mexico is no exception. The problem is that while many of these ideas may have their roots in reality, it’s often the reality in another place, and these ideas don’t always apply to Playa del Carmen land for sale, just like tendencies in this market won’t necessarily apply to land sales in Calgary, Alberta, for example.
In Playa del Carmen, depending on each person’s needs and purposes it could be better to buy land or to buy a completed Playa del Carmen homes for sale. Before making their decision, each buyer should consider these common misconceptions that buyers make about the market.
Land just isn’t worth it anymore. There are real estate markets where a glut of new condos, villas and homes has brought prices down and created an advantage to buying these over buying a lot and building. Playa del Carmen has seen growth fairly well balanced by demand, avoiding this kind of situation. With new development areas that include nice lots for sale, buyers can fairly consider land on an equal level with homes and condos.
There is no land for sale in Playa del Carmen. Playa del Carmen’s boom started back in the early- to mid-decade (2000s); yet as mentioned above, new growth has brought with it new opportunities for well-priced land investment in growing communities. There are even lots for sale in the downtown area still, although these are more expensive – a fact which probably leads people to make the first assumption.
Buying land is always the best way to go. On the other side of the coin, there are buyers who enter the Playa del Carmen market thinking that it’s like Tulum or other villages that seem to be about to enter their boom; picking up lots in the soon-to-be growing areas is simply the best option. In Playa del Carmen, completed homes may be better for some buyers, for example those interested in generating income from vacation rentals.
Closer to the beach is better. This is a common misconception for all property types. In the case of land, areas close to the beachfront are simply harder to find land in, and prices will definitely be higher. As with homes and condos, consider factors like easy beach access (of which there are many in Playa del Carmen) and nearby shopping areas.
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If you are interested in buying land in Playa del Carmen, consider as a good, viable option, but be careful not to bring assumptions with you. Talk to your agent to determine if it is the right choice for you.
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