|By PR Newswire||
|October 1, 2013 06:17 PM EDT||
PLAYA DEL CARMEN, Mexico, Oct. 1, 2013 /PRNewswire-iReach/ -- Playa del Carmen oceanfront real estate for sale is predicted to skyrocket as Mexico set to left restrictions on "outdated" law that hampers investment in the country. A report that was compiled by the Mexican congressmen who support this legal shift said that, between 2000 and 2012, about 49,000 foreigners bought homes in "restricted areas," by going through legal loopholes. Foreigners who want to have coastal properties in Mexico today need to acquire these assets through real estate trusts in which a local bank buys a property and then "leases" it to its foreign occupant. Savvy buyers and investors using this method have been seeing huge returns on their investments as Mexico coastal towns continue to draw tourist and retirees.
Vanessa Rios of Realty Executives, a leading Playa del Carmen real estate company, says buyers who acquire property before the law changes may reap the largest appreciation in value. She says that many US citizens and Canadians need to get more educated on how easy it is to buy and own Mexican real estate. There are currently over 2-Million US Citizens living in Mexico and on the rise as more are discovering the cost-of-living to lifestyle ratio. Those who have purchased real estate in Playa del Carmen as opposed to renting have seen appreciation or cash flow, which many US citizens mention they are not seeing in their former US city. Not only are foreigners happy about making money in Mexico, they embrace the lower consumer prices.
The Mexican government estimates a foreign couple that owns a beach home in Mexico, spends somewhere from $3,200 to $4,300 per month, while they are in the country. According to Numbeo.com and International Living, most couples are living fulltime in Mexico for less than $2,500 a month and a single individual for under $1,800. Mexico depends heavily on foreign investment and the government realizes that it can capitalize on the thousands of miles of beautiful beachfront property that foreigners wish to acquire. TripAdvisor currently ranks the beaches of isla Mujeres to Tulum in the top world-wide with Playa del Carmen ranked #2 for "Beach & Sun", "Family Fun" & "Romantic.
Playa del Carmen oceanfront properties costs a fraction of that in the United States such as California or Florida and outranks the US for quality. Mexico has recently become a hot market for US Citizen, Canadians and foreigners wanting a laid-back atmosphere and an affordable vacation home with warm weather throughout the year. The Caribbean beaches from Cancun to Tulum are some of the highest ranked world-wide and may be the best world-wide investment today for coastal real estate. Vanessa has recently established a toll free number for US and Canadians due to the demand for information and can be reached at 1-888-615-2266 or search Playa del Carmen real estate online at http://www.playahomesforsale.com
To view this video on YouTube, please visit: http://www.youtube.com/watch?v=W0y6U77YxcQ
Media Contact: Vanessa Rios, Playa Homes for Sale | PlayaHomesforSale.com, 1-888-615-2266, info@PlayaHomesforSale.com
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