Mexico has become an increasingly popular target for investment by Americans and Canadians. The State of Quintana Roo is particularly popular amongst international property consumers, including specifically Playa Del Carmen, Tulum and Cancun.
Property prices in some cities in Quintana Roo have experienced significant capital appreciation in recent years. For instance, Playa Del Carmen property prices increased 15% - 20% in the two-year period ending August 2018 (Mexican Association of the Real Estate Industry). Some cities in Quintana Roo also have a thriving short-term rental market making it attractive for investment.
Tulum has become one of the trendiest real estate destinations in North America. Beautiful beaches and a thriving property market have made this coastal city a popular place for tourists and investors alike. Property prices have seen exceptional growth in rent years driven by foreign buyers seeking second/vacation homes or a new retirement destination. There is also a robust short-term rental market driven by tourists from America and Canada.
Playa Del Carmen has become a major target of investment for U.S. and Canadian property consumers. Recent investment into Playa Del Carmen is driven by several factors including (i) the relatively low property prices; (ii) a weakened peso compared to the dollar; (iii) quality of life and beach-style living; (iv) retirees searching for new exotic retirement destinations; and (v) investors seeking new investment opportunities. Prices in Playa Del Carmen rose 15% - 20% in the 2-year period ending August 2018 according to The Mexican Association of the Real Estate Industry.