On Friday, March 18, CNN Money reported that the housing market in the US is continuing to lag, and especially in Florida where 18% of housing units sit vacant. What’s more, in parts of the Florida gulf, that rate rises to 32% – almost 1 in 3 housing units remaining vacant. And Monday, March 21, Reuters reports the National Association of Realtors findings that in February US housing hit a 9 year low, supporting the claims that the US housing has not yet hit bottom. In fact, Moody’s housing market analyst, Celia Chen, predicts that prices will continue to fall for the next two years and it will be as long as 2030 before there is a full recovery in the US housing market. Reuters quotes Ingo Winzer, housing market analyst and founder of Local Market Monitor as saying, “If you’re buying in Florida for retirement, maybe you should buy next year when prices will be near the bottom. If you’re buying [Florida real estate] for investment — don’t.”
So where to buy real estate for investment AND for retirement? Many US, Canadian and European residents are choosing in Mexico and in thePlaya del Carmen real estate region! In fact, a great majority of current real estate sales here are to Americans, Canadians and Europeans. Why? Prices are low and ownership costs are pennies on the dollar compared to US properties. Typical condominium fees run on average $150 to $300 a month, Homeowners Association Fees in some of the nicest areas are less than $200 a quarter, and property taxes run in the hundreds, not thousands of dollars as in the US. Playa del Carmen real estate for sale is moving.
Playa del Carmen is a part of the Mayan Riviera on the Yucatan Peninsula, an area recognized for its natural beauty, and international flavor, and sits at the edge of the second largest barrier reef in the world, making it a diver’s paradise.
And there’s more, as we found when we first visited Playa del Carmen two years ago. The beaches are fantastic with sand that doesn’t burn your feet and crystal clear tourquise water. And even in the busy season, you can find plenty of space on the beach to stretch out your towel and enjoy the sun. Temperatures here are warmer than Miami in the winter and cooler than Miami in the summer. Golf courses abound, and at reasonable rates. The people of Playa del Carmen are so friendly and helpful! We, as well as our ex-pat friends, feel safer here than in the US. Playa del Carmen also offers state of the art medical and dental care at a fraction of the cost in the US. And our auto insurance premiums dropped from almost $6,000 a year in Miami to just under $300 a year when we moved here.
So, next time you are thinking of a vacation, come visit us in Playa del Carmen. You may find yourselves moving here, just as we did less than three months from our first visit. As Bob said last night while enjoying cocktails on our terrace and watching the sun set, “I never dreamed we could afford to live in such a beautiful place only a couple of blocks from the Caribbean.”
Who knows – Maybe you can, too! Let us show you how. Give us a call or send us an email. We’re happy to share our new home town with you!
For more information visit TOP Mexico Real Estate and find the ways for buy your home;
Mexico’s Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Playa del Carmen Real Estate – Find the best communities in Mexico to live and enjoy the life.
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