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Mexico Real Estate The Playa del Carmen Experience
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The city booms and has been registered as the fastest growing community in all Latin America. What's bringing people and the growth to this specific region of the Mayan Riviera? The main factor is coming from the increase in tourism, the increase in hotel rooms being constructed and therefore increases in employment.
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Playa del Carmen has world class infrastructure and modern amenities like roads, malls, modern and affordable medical facilities. The cost of living in Playa del Carmen is quite low as compared to USA and Canada which makes it very affordable which will make your savings will last longer. The prices of real estate are cheaper then in USA. Similarly medical facilities are affordable which is a great plus for retirees. Playa del Carmen has a thriving and strongly connected expat community which ensures that you are not alone and without any support system. Expat community is very well engaged and is very actively involved in social causes involving expats.
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Playa del Carmen is a unique market given it is location next to the Caribbean Ocean. People can walk to all major attractions of the city. Walk to the beach, walk to the famous 5th avenue, walk to the hospital, grocery stores, clinics, café´s, restaurants, bookstores. Tourists love this area due to the beaches and the ocean, but also because of it’s wonderful nightlife and a wide diversity of activities found along. With approximately 4 miles of pedestrian walkways, full of small cafes, international restaurants, and boutique shops, visitors have days of leisurely activities of shopping or just sitting to people watch. Go to our Real Estate Directory.
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The nearest international airport is 40 minutes away, Cancun’s International Airport. Shuttle buses, transport buses and taxis are constantly traveling back and forth between Playa del Carmen and this international terminal. There is a small airport for taxi services between Cozumel and Cancun that also operates touristic flights.
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Playa del Carmen is located in the middle of the Riviera Maya region on the Caribbean sea 40 miles south of Cancun and 30 miles north of Tulum. Playa del Carmen was a small fishing village less than 15 years ago. It was the ferry dock for people and tourists passing through from Cancun to Cozumel. Soon the tourists began noticing the wonderful beaches in Playa del Carmen and liked the idea of not having the crowds of its northern neighbor in Cancun. It is said that the European backpackers were the first to settle and start setting up little shops on today’s world famous 5th avenue that has grown to include 15 blocks full of cafes, restaurants, bars and dozens of stores.
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Along with the beaches, Playa del Carmen has many additional sports and activities that can be enjoyed. Scuba diving on the second largest reef system of the world is at the footsteps of the people living or visiting this seaside community and the vast and incredible waters of the cenotes and the cave systems of the Yucatan peninsula. It is claimed to have one of the largest underground water system of the world. Like golfing? The entire region of the Riviera Maya is now dubbed the Latin American golf capital. With approximately 6 new golf courses along its shorelines, one of which is now the host of the first PGA golf tournament to be held in Latin America. Sailing, fishing, biking, kayaking, all are favorite pastimes living in this zone which can be enjoyed all year long. Great Spas and Yoga Cenetrs are also available in the region.
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Mexico Real Estate: Leasing Property in Mexico
Pursuant to the civil codes of each of the states of the Mexican Republic, in order for a lease agreement to be valid, it must be executed in writing. Although the civil codes of the states generally establish the obligations of the landlord, it is advisable that the following obligations be included in the lease agreement that is executed:
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| | Mexico Real Estate: Acquisition of Real Estate for a Business or Company
As was indicated, the restrictions on the acquisition of real estate by foreign individuals, foreign companies, and Mexican companies with foreign investment must be taken into account.
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Along with the above, it is equally important to determine the best location to acquire property in Mexico before making the purchase. In order to make that determination, the following should be taken into account:
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| | Mexico Real Estate: Acquisition of Real Estate in Mexico
Acquisition of real estate by foreign individuals or entities: The right of foreigners, whether individuals or entities, to acquire real estate in Mexican territory depends on the location of such real estate:
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| Tax Manifestation - Building a house in Mexico
For those brave souls who are building their home in Mexico, an important part of the process is the Manifestation. This is a notification made before the local property tax department. It signals the termination of the construction and tells the world that the houseis ready to be occupied.
| | Preparing to Sell your Real Estate in Mexico
Buying and selling property can be stressful. Here in Mexico it can be both stressful and challenging, As in any country, if you do your homework and use the service of a professional title service company, life will be easier for you. Unfortunately some sellers don’t have all their title documents in order.
| | The Apostille – Making a Document Legal for Use in Mexico
In Mexico, the ONLY authority permitted to draft a deed transferring real property or an interest in real property (such as the fideicomiso) is the Mexican Notary Public. This person is different from a Notary Public in the United States where a simple exam, bond, and a rubber stamp can make a Notary Public out of most people.
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