The US dollar has taken another plunge meaning that Europeans looking to buy in areas where property is bought in dollars are getting some excellant bargains.
Mexico, with its tropical climate and sun soaked beaches, is becoming the real hotspot for British Tourists and investors, that and the fact that to live there, or work, is much more simple than in places like Florida has turned the once sleepy areas of Playa Del Carmen into boom towns with over 6 million tourists a year
Properties are litterally selling out as quick as they are being built, with prices from just £50,OOO and many hotels being fully booked most of the year its not suprising that the rental market is one of the best in North America
Property in Playa Del Carmen has been going up by over 25% per year, and sees no signs of slowing as now all the major stores like Wall Mart etc., are just moving in. UK property buyers benefit twice by taking advantage of the weakened dollar, rental returns and capital growth.
The lower the value of the dollar to the pound, the cheaper properties in Mexico become for UK buyers. A property sold in Playa now for $100000 will cost you under £50,000 where as just 3 years ago would have cost you over £60K.
This presents a fantastic opportunity for European buyers.
Using companies like Moneycorp can also save investors a lot of money as there rates are far superior to normal bank rates
Playa Del Carmen also now hosts part of the PGA tour bringing in thousands of people a week and the Formula 1 is coming just 10KM from Playa in 2009.”
Playa Del Carmen is based on the Mexican Caribbean sea but crucially for the most is outside the hurrican belt, where as places like Florida, a previous British favourite are now getting many problems with weather
Bob McCain from Caribe Properties said " we are the only English Agency in the area and the amount of enquiries for property this last year is pushing prices through the roof, our website www.playadelcarmencondominium.com now gets more than 50% of its leads from Europe".
Investing in Mexico is real value for money for investors looking to sell in the long term, rental returns or just a beautiful vacation home
Key Points:
26 year low dollar means bargins for European property buyers & investors
villas and condos available from all prices
Stuart Title meaning your property is fully registered
More than 6 million Tourists and a 11,000 bed deficite in the area
The weather is better than Florida
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