Playa del Carmen is among the favorite vacation spots worldwide. Beautiful landscapes of blue sea and white sand merge with a funky nightlife, high-end boutiques, and the best restaurants and bars. Playa del Carmen truly has everything!
If you know about Playa del Carmen, you know tourism is an ever-growing industry that’s always demanding services, so why think little? You can buy a property to enjoy sometimes, and make money at the same time.
What’s the best property to invest in Playa del Carmen?
Now down to the question: is there a perfect property to invest? The short answer is no. There are a lot of opportunities but they will all perform differently depending on your goals. There are, however, some great options for you!
1. Invest in a vacation home
Vacation homes are great opportunities because the added property value increases their prices with time. You can actually sell again after some time and get even more money for your investment. They’re also valuable properties that you can inherit to your loved ones.
You can enjoy your Playa del Carmen home some times per year with your family, lend it to traveling friends or even make it your retirement residence in the future if you are not yet retired. And while it’s empty, don’t let it go to waste! You can offer it to families or groups of friends through apps like AIRBNB.
2. Buy a hotel room
If you have a limited budget, hotel rooms are good alternatives. Hotels often let investors buy rooms to commercialize as vacation rents and occasionally to enjoy them. Purchasing a hotel room can be an excellent way to make money from the huge flow of tourists visiting the beach city every year.
However, you must take into consideration that Hotel Rooms are part of bigger buildings, so you may have to pay a fee for maintenance, or to let your guests use the amenities and attractions.
3. Buy an apartment in Playa del Carmen
Between hotel rooms and houses, you’ll find apartments. While they can be just as pricey, there are some significative differences. Like hotel rooms, apartments are part of another building, so you will most likely have to pay a fee for maintenance, but you and your guests will be allowed within the facilities of the place (as long as they follow the rules).
While you are away, think of it as a business! Lots of tourists, both national and international, prefer apartments over townhouses or beach houses because they often offer amenities:
- Green areas
- Yoga rooms
- Basic houseware like an oven, a microwave, a fridge, and other essentials.
Plus: best price, more privacy and more freedom than renting a hotel room.
If you are not using it, you can make money from it.
4. Invest in commercial spots
If you are thinking of investment and not of vacationing, a great idea is buying or building places to offer as commercial rentals. This means that your clients won’t be happy tourists, but the many stores, franchises, restaurants, bars, clubs, gyms, etc, that offer their products and services to said tourists.
Playa del Carmen is one of the best places to invest in Real Estate. The added value of land, opportunities of getting a great ROI, and even the chance of mixing business with pleasure trips make it an investor’s favorite.