Have you thought about buying real estate in Playa Del Carmen or Tulum? These are two of the most popular places to buy in the Riviera Maya. Many people like either one for living and for investing. But what are the differences between the two real estate markets? What about sustainability? Which is better to live? Which place is better for an investment? We discus all of these topics in this video with the help of two recommended real estate agents.
What are the differences between investments and ROI?
Are you mainly looking for an investment property? Perhaps you want to rent out your place most of the year and use it to visit a month or so? Then ROI (return on investment) is important to you. Either online or on billboards in the Riviera Maya you will see many percentages thrown out there, even some saying it is a guarantee. So, if ROI is the main factor in making a decision of where to invest between Tulum and Playa Del Carmen, which is a better investment?
The first step is knowing how much you want to invest and what kind of place you want. Ask yourself these questions. Will it be something you want to live in down the road? Are you ready to buy something immediately or would you consider an area that perhaps is not built yet? How hands on do you want to be in the management? What kind of management would you be comfortable with? These are all important questions that will eventually affect how you do with ROI. You might be able to answer some of these questions, but it is good to work with a good realtor because they can help guide you and figure out what might be the best option for you. Some people come to invest with one view of the market, but good realtors that have been here for a while and have helped hundreds of people in the process, can give important advice.
The best advice for now concerning ROI in Tulum and Playa Del Carmen
Most investors and realtors will tell you that the past few years and also into the near future, Tulum offers a better ROI than Playa Del Carmen. There are a few details that are important, because like many things, an answer is never 100%. There has been a shift of upper end vacation renters leaving Playa Del Carmen and going to Tulum. This in general with the image of Tulum as a chic and Instagram worthy destination has increased occupancy rates.
A big factor in how often your place gets rented is what it offers. Unique properties (ones with good taste, not just unique as different) rent the best.
Playa Del Carmen has been steady for rentals. Units in Playa are more urban feeling and people looking for a more cosmopolitan atmosphere. Digital nomads have also made Playa Del Carmen a hotspot in the past few years because it offers a lot of services and a price point that many can afford. Playa Del Carmen also has a loyal following that continue to come year after year.
How sustainability comes into play when you invest
If you are looking to purchase a property you want to know what the future will bring. Will business be good in the future? Is the growth of Tulum or Playa Del Carmen sustainable? What about the physically sustainability of local natural resources?
Tulum is known for its eco chic living and jungle views. When an area grows rapidly, there are growing pains and concerns about sustainability. Residents, locals, investors and developers for the most part all care about where development will lead to and share many of the same as investors concerns. It can be assuring to know that people who actually live here are concerned about how things develop.
As an investor, you surely care about what Tulum, or Playa Del Carmen will become in the future. Two important steps to a more sustainable Playa or Tulum are:
Working with reputable realtors that do research on developers and work with ones doing good business practices. This can mean weeding out developers that do not follow guidelines of what percentage to build on or how many units are allowed. It can also mean steering you clear of developers that don’t have as much experience building in the Riviera Maya or looking to make a quick profit and move on and may not utilize local building techniques for the environment.
As an investor/buyer, ask about what features the project you like has for sustainability. So far buyers are more interested in properties that are greener and leave nature as part of the properties. This is driving developers to plan on green spaces and work with the natural surroundings.
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