Why Purchasing Downtown Playa Del Carmen Real Estate is such a great investment.
Playa Del Carmen Condos For Sale
The high demand for Real Estate continues in 2016 all over the Riviera Maya. Central Playa Del Carmen, however, is a very hot area where everyone wants to be and the demand for long and short term rentals is very strong. With the popularity of AirBNB soaring more and more vacationers are searching for weekly and monthly rentals in the central, downtown area of Playa near 5th Avenue where all the fun and action is.
I live in a older neighborhood in a very popular central Playa area close to 5th Ave. and have noticed that in the last year it has become very hard for locals to find long term rentals in my neighborhood. This is because the owners of condos, apartments and houses in my area are almost all using AirBNB and have focused on vacation rentals because of the high demand and limited supply in our area.
This is why investing in a clean, new, turnkey condo in downtown Playa makes so much sense to me. I own some older rental properties in the United States and it was the best investment I ever made for my financial future. The one problem I have had, however, is my properties are in a less popular area, with lower rental prices and sometimes they sit empty while I am waiting for new tenants. The demand for rental properties in downtown Playa is so strong this will not be a problem for those who choose a condo or other Real Estate investment in downtown Playa Del Carmen.
I was talking to a successful client of mine just the other day who has been a happy condo owner in Playa for over 10 years. He told me a story which made a great impression on me. He said “When I made my first real estate investment it was a small condo in the most popular and expensive downtown area in Toronto. My family and friends told me I should purchase something in a different area but It turned out to be the best decision I could have ever made since real estate values doubled in this area in a very short time.”
The old saying for real estate is just as true today. “Location.Location.Location”