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applegal 02-12-2017 11:06 PM

Newbie looking for a place to call home
 
We are getting close to retirement about 2 years if everything goes to plan. We have been to the Mayan Riviera several times and love the area. We are considering purchasing a condo orhome and would like some advice of areas to consider. We have stayed in Playacar before and like it because its quiet, walking distance to a great beach but still close to downtown for nights out and shopping. We don't really want to be in the centre of town because of noise, crowds etc, are there any other areas similar to Playacar in the area we should consider? We would want to be within a short walk to the beach.

DrewJones 02-13-2017 09:34 AM

A lot depends on your budget, your willingness to get a car, your desire to close to the ocean, how close you want to be in town, etc... Renting for a year isn't a bad way to start just to see how you like the specific area and have more time to explore different areas.


A few other places to check out if you like Playacar that would be worth checking out would be Pok-ta-Pok in Cancun, Selvamar/Mayakoba area on the other side of Playa, and Puerto Aventuras. Even if you already have eliminated any of those areas, it's at least worth looking at some houses there just so you know what you're comparing against.



Quote:

Originally Posted by applegal (Post 2170893)
We are getting close to retirement about 2 years if everything goes to plan. We have been to the Mayan Riviera several times and love the area. We are considering purchasing a condo orhome and would like some advice of areas to consider. We have stayed in Playacar before and like it because its quiet, walking distance to a great beach but still close to downtown for nights out and shopping. We don't really want to be in the centre of town because of noise, crowds etc, are there any other areas similar to Playacar in the area we should consider? We would want to be within a short walk to the beach.


EditedUser 02-13-2017 02:33 PM

Quote:

Originally Posted by applegal (Post 2170893)
We are getting close to retirement about 2 years if everything goes to plan. We have been to the Mayan Riviera several times and love the area. We are considering purchasing a condo orhome and would like some advice of areas to consider. We have stayed in Playacar before and like it because its quiet, walking distance to a great beach but still close to downtown for nights out and shopping. We don't really want to be in the centre of town because of noise, crowds etc, are there any other areas similar to Playacar in the area we should consider? We would want to be within a short walk to the beach.


You will likely need to either need to check out a lot of places yourself or hook up with a real estate agent, there are a few offices in Playa del Carmen that will work with you to find somewhere. The nature of real estate in PDC is that it is constantly changing. If you were hunting yourself some Spanish knowledge, and knowledge of the sites that list properties for sale would be a good start.

Personally if I was seriouslly going to be putting a substantial sum of cash I would want to make sure the agent was legit and the agency I was working with was legit also. Working with large amounts of cash, almost demands having people do these things for you, a lawyer, a real estate agency, and a banker.

None the less I found this place that is just outfit awsome. I got to hand it to the designer of the place, it is lovely. But not right next to the ocean, nice pool though.


Andale.mx - HERMOSA CASA CLAVADA EN LA JUNGLA"


OH ALSO


There are a bunch of places that are selling right in Playacar. More places than normal were up for sale last winter.

With things potentially all screwed up between the US and Mexico this year I would not be surprised with people selling.

Although I doubt that tit for tat will happen regarding seizing US assets in mexico to pay for tax increases marked to pay for the wall, this sort of environment with anti-US sentiment and threats against American citizens assets in Mexico may push even more to sell out before anything happens especially if they are fence sitting or leveraging a foreign asset, that becomes jeopardize, it could push low risk real estate investors to sell off assets prior to risking any crazy laws by the Mexican government aimed against Americans due to anti Mexican US tax levies that Trump administration brings in.


Unlikely but as said look in playacar if you like playacar. Places are up for sale there.


You never expect things like this to come in. http://www.theyucatantimes.com/2017/...icy-revisions/

Personally I think we are still many months away of getting a sense for how things will be over the next 4 years.

u2girlie 02-13-2017 03:04 PM

Quote:

Originally Posted by applegal (Post 2170893)
We are getting close to retirement about 2 years if everything goes to plan. We have been to the Mayan Riviera several times and love the area. We are considering purchasing a condo orhome and would like some advice of areas to consider. We have stayed in Playacar before and like it because its quiet, walking distance to a great beach but still close to downtown for nights out and shopping. We don't really want to be in the centre of town because of noise, crowds etc, are there any other areas similar to Playacar in the area we should consider? We would want to be within a short walk to the beach.

You should consider contacting Top Mexico. They have a tour that they can take you on to show you all the neighborhoods that meet your needs. (I donīt work for them I just know they offer this service and seems like it might be good for you).

Mexico Real Estate - TopMexicorealestate.com. Playa del Carmen propert.

roni 02-13-2017 03:35 PM

The author of the article claiming that three deputies in the Mexican legislative branch are interested in expropriating expat property writes for a web site promoting Ecuador as a retirement location for ex-pats.

This calls for some basic critical thinking skills, perhaps.

EditedUser 02-14-2017 12:51 PM

Quote:

Originally Posted by roni (Post 2170945)
The author of the article claiming that three deputies in the Mexican legislative branch are interested in expropriating expat property writes for a web site promoting Ecuador as a retirement location for ex-pats.

This calls for some basic critical thinking skills, perhaps.


Yes alarmism I agree, however, the real question is, do these legislators exist and who are they, what party are they from would be things to look into.

Also with the Anti Trump protests in Mexico, it is also getting heaped onto the president too, with people taking advantage of that and the recent gas protests.

With a 20% TARIFF on Mexican goods, it will likley put even more economic strain on Mexico. Desperate times can lead to desperate actions. While I would not say that liens on American owned properties will happen, it is however representative of the chance that Americans may be targeted for some sort of unfavourable state action.

I have little doubt saner heads will prevail in Mexico, however, these sorts of things are indicative of greater risk of investment in Mexico in general because all the big players will stay out under a 20% import tax threat and renegotiation of NAFTA.

I think you are spot on in raising the bias though.

If you look at it it really would not be non-proportional in terms of economic impact for mexico to place liens on the properties of Americans in Mexico when faced with ripping up a 25 year old trade deal and instituting a 20% tax on trade with the US... not extreme in proportion at all.

http://www.latimes.com/projects/la-f...trump-graphic/


I do think the fallout would be awful regardless but this is earmarked of a relationship going to hell. Plus the 3 million Mexicans illegally living in the US will need somewhere to live, the 600,000 americans living in Mexico only make up a small portion of that.

applegal 02-14-2017 10:55 PM

How will the real estate market react
 
Thanks everybody for the input, wasn't looking to spark a political debate but with the uncertainty at this current time maybe a decline in real estate prices in resort areas is on the horizon. We were just in the area, seems to be lots of construction and if American buyers and current American have some concerns could there be a market impact? More supply, less demand. Any one seen indications of a slowing real estate market?

EditedUser 02-15-2017 07:20 PM

Quote:

Originally Posted by applegal (Post 2171120)
Thanks everybody for the input, wasn't looking to spark a political debate but with the uncertainty at this current time maybe a decline in real estate prices in resort areas is on the horizon. We were just in the area, seems to be lots of construction and if American buyers and current American have some concerns could there be a market impact? More supply, less demand. Any one seen indications of a slowing real estate market?


I would say if anything if the Mexican economy is slumping then it will promote investment in the long run for long term investors and retirees.

However, if there is pushback against the US or US citizens (won't happen until NAFTA is torn up) then it will likely scare off some American buyers.

The thing about Playa though is that there is a wack of Europeans in Playa also. Things like BREXIT and EU solvency will be ongoing concerns. However playa really is a place for capital flight so if things get bad it might stimulate investment in offshore real estate.

Personally over the last 5 years I have seen a steady increase in properties available in playacar, this while there are a heap of condos going up in other parts of Playa. Playa has continued to grow, and the building projects around the edge of town, as well as condo developments in town have supplied available real estate.

In fact I have been told that the development is actually being held back by infrastructure shortages in electrical supply. Not fact checked, however, the tearing up of NAFTA if it happens could see a movement on Mexican real estate.

Mexico is already somewhat restrictive with how property ownership happens (land is sort of owned by the federal government).

The market will likely have a slow growth over this year as there has been a steady increase of properties available due to new developments.

There is a lot of uncertainty with how the US domestic market will develop this year. I suspect by the end of 2017 the period to 2020 should be fairly clear.

I am expecting the peso to stay supressed to the USD though, so if there is not an attack on Americans in response to US trade poicies directed to Mexico, then things may continue normally in PDC. Any reaction to US trade policies could see the market reduce in favour of other latin American places. Bear in mind PDC / Cancun is a short flight from Miami, other Latin American locations are much further from the US.

This is my take on it.

I expect about 70% that relations between the US and Mexico to sour over 2017, and this will result in reduced capital exchange. I would not go so far to say that Mexico will take actions against American property owners in 2017. However some sort of real estate tax would not be out of the question.

Bear in mind this is what the media is saying about US tax to pay for the wall.
https://www.thestar.com/news/world/2...lly-means.html

Me2 02-15-2017 10:58 PM

Quote:

Originally Posted by applegal (Post 2171120)
Thanks everybody for the input, wasn't looking to spark a political debate but with the uncertainty at this current time maybe a decline in real estate prices in resort areas is on the horizon. We were just in the area, seems to be lots of construction and if American buyers and current American have some concerns could there be a market impact? More supply, less demand. Any one seen indications of a slowing real estate market?

The American market and buyers indeed, however that's only one small segment of the owners here! There is lots of other foreign buyer here.

Even at home real estate prices are down, but no where near where they should be and real estate agents everywhere will try to get the most $ for their commission, as they should that's their job right.

As far as rental markets, I don't think so, at least not yet. More supply, less demand - it seems to be on the horizon but those that have properties now can't see it... trying to book next year at a discount? think again!:read:

Top Mexico Real Estate 02-20-2017 03:38 PM

Quote:

Originally Posted by u2girlie (Post 2170942)
You should consider contacting Top Mexico. They have a tour that they can take you on to show you all the neighborhoods that meet your needs. (I donīt work for them I just know they offer this service and seems like it might be good for you).

Mexico Real Estate - TopMexicorealestate.com. Playa del Carmen propert.

Thank you, We do have a Real Estate Tour that can help you see and experience the different neighborhoods, to take an informed decision when moving here. Here is the link Mexico Live It Tour. you can ask for an express tour to see everything you want to see in one day =)

We also donated a VIP Livittour to the KKIS (Keep Kids in School) auction in case you want to take the tour and help children stay in school at the same time here is the link
www.kkisauction.com


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