Playa del Carmen or Tulum real estate? This is a question we often get from our clients contacting us for the first time, either on the phone or via email. For us it is really difficult to answer this because these destinations are really different, the only person that can really answer this is our clients; after seeing properties and experiencing each location for themselves.
However, there is some general information that we can share with you, based on our market analysis and experience. Here is what we have learned:
Playa del Carmen or Tulum real estate?
Tulum at a Glance
As far as 2012, Tulum has had a very slow development; mainly in the downtown area. There were also some projects in the jungle, in rural settings with a lack of legal certainty, you couldn’t get a deed. Most of these developments were built on Ejido land and had a worrying lack of infrastructure and services of any kind: no roads, no electricity, no running water or sewage.
In the year 2014, Aldea Zama; a master planned community started a booming movement of real estate in the Tulum area. Offering legal certainty, closeness to the beach and adequate infrastructure and services for its residents.
Several area developers have started very interesting projects, increasing the supply of properties by 94%. Developments are increasing in size, moving from a 6-8 unit complex in average to up to 82 units on each complex. The size of the condos has also increased causing an increase on the average price of condominiums from $ 180,000 to $ 210,000.
Tulum is a magical town, life is surrounded with a sense of spirituality; magnified by the Mayan culture, archaeological sites and environmental awareness. These new trends are making Tulum a magnet for investors and developers, converting this area into an ideal place to buy property and expect a high return of profit.
Playa del Carmen at a Glance
Playa del Carmen has had a steady development and growth for several years. The influx of tourists seeking for vacation rental properties either for short or long periods continues to grow and strengthen, making Playa del Carmen an ideal destination for investors.
With this in mind, there have been several developments in the touristic areas of Playa del Carmen: some work with a condo-hotel scheme that allows you to enjoy your condo and make a profit the rest of the year. These are practical small units, with a lower total price, which allows a smaller investment with better returns every year.
On the other hand, there is also a massive development of gated communities, in the outskirts of Playa del Carmen. These developments offer a quiet place away from the bustle of the tourist area, ideal for families and retirees. This is a popular option for investors with a slightly higher amount that is looking for a lower risk investment, there are thousands of families and retirees looking for vacation rentals with bigger areas, more amenities and a family friendly environment.
With these two trends in the Real Estate Market in Playa del Carmen, smaller apartments in the downtown area or bigger units on the outskirts of the city. Sales have soared and average property prices have dropped from an average of $ 461,000 USD in 2013 to $ 356,000 USD this year, making this an excellent investment.
Playa del Carmen or Tulum Real Estate, We’ll let you be the judge of that!
Now if you have any question about this or any of the TOP MEXICO REAL ESTATE properties we have listed in Playa Del Carmen, The Riviera Maya or anywhere throughout Mexico, please feel free to contact any of our TOP MEXICO EXPERT SALES TEAM and we will be glad to help you find your very own piece of paradise.
And remember, here at TOP MEXICO REAL ESTATE…
We make it happen!
We would like to thank Papaya 15 for sponsoring this blog. Papaya 15 is a new development in Downtown Playa del Carmen. To learn more about Papaya 15, please click here.
