Don't Buy Property In Playa, before reading this

Playa Del Carmen is a popular getaway and second home destination for Americans and Europeans. Every year many foreigners lured by the scenic beauty of this beach side area are flocking to Playa del Carmen. Naturally, this popularity has resulted in a booming Real Estate market in Playa del Carmen. More and more people are dying to buy Playa del Carmen Real Estate.

Though, real estate in Playa del Carmen is a very lucrative and good long term investment, many factors have to be considered before buying Real Estate in Mexico.

There is a misconception that foreigners cannot buy property in Mexico. This is NOT true! Any foreigner or Mexican National can establish a Fideicomiso (the equivalent of an American beneficial trust) through a Mexican bank to purchase real estate in Playa del Carmen or for that matter anywhere in Mexico, including the Restricted Zone. For practical reasons, even in unrestricted zones, many foreigners, and Mexican Nationals for that matter, prefer to hold their property under a Fideicomiso.

To do so, the buyer requests a Mexican bank of his choice to act as a trustee on his behalf. The bank, as a matter of normal course, obtains the permit from the Ministry of Foreign Affairs to acquire the chosen property in trust.

The Fideicomiso can be established for a maximum term of 50 years and can be automatically renewed for another 50-year period. During these periods you have the right to transfer the title to any other party, including a member of your family.

The bank becomes the legal owner of the property for the exclusive use of the buyer/beneficiary, who has all the benefits of a direct owner, including the possibility of leasing or transferring his rights to the property to a third party or pre-appointed heir.

The trustee is responsible to the buyer/beneficiary to ensure precise fulfillment of the trust, according to Mexican law, assuming full technical, legal and administrative supervision in order to protect the interests of the buyer/beneficiary. Fideicomisos are not held by the trustee as an asset of the bank.

Another alternative is to purchase non-residential property through a Mexican corporation, which under certain conditions can be 100% foreign-owned, with a provision in its by-laws that the foreigners accept being subject to Mexican laws and agree not to invoke the laws of their own country. Also, they agree that the mexico real estate acquired be registered with the Foreign Affairs Ministry and be used for non-residential activities. In other words, under these conditions foreigners can directly acquire properties destined for tourist, commercial and industrial use.

What is a Condo Hotel ?

Condo Hotel is a residential building that is used both as a condominium and a Hotel. Though Condo hotels are not a new concept, they are getting increasingly popular with each day. The reasons behind their popularity are not that hard to find. Hotel developers are finding it difficult to get finance for the hotel projects and development projects are increasing. In this scenario, it makes perfect sense for hotel developers to sell condo units of their hotels to individuals rather then fund the whole hotel with their own money or loans. For Condo unit owners, it gives them a chance to own a private residence in a Five star hotel with an option to earn money as rental. Condo Hotels in Mexico are an excellent risk free investment opportunity in today's low interest rate and volatile stock market scene. Condo Hotels generally feature star class amenities and are located near a popular vacation destination. Every big player in the hotel industry is now enterin in this highly popular and lucrative business. A condo units owner can stay there whenever he likes and for the rest of the period, he can place unit under Condo Hotel Management's rental program. Condo Hotels management markets individual investor's condo unit as a hotel, handles reservation, takes care of the front desk and maintenance. In exchange, the hotel management gets a part of the revenue from the rental. Many developers offer an array of hotel services available to condo hotel unit owners like valet, concierge, maid and spa services, restaurants etc.

Playa del Carmen is a vibrant beach-side city located on the coast of the Caribbean Sea. It's a base from which Mayan Reviera can be explored. It has unspoiled white sandy beaches and clear caribbean sea. It's very popular with American and European tourists. Many of whom also buy second homes here in Playa del carmen. Condo Hotels in Playa del Carmen are really good options. Real Estate in Playa del Carmen is booming every year. And therefore properties appreciate every year. There are lot of options when it comes to buying Condo Hotel in Playa del Carmen. The Fives By Karisma, Aleda Thai, pueblo to Escondido, Viceroy Mayakoba are few of the condo hotels that provide world class amenities along with great location and services.

Condo Hotels in Playa del Carmen - Vacation Homes that make great investment

So you like to travel, love sun and sand? Then, invest in Condo Hotels in Playa del Carmen. Not familiar with Condo Hotels? Continue to read further.

Condo Hotels are usually luxury Properties in Playa del Carmen, Mexico in beautiful locations. They are most often near beaches, golf courses, theme parks and vacation destinations. Most condo-hotels are equipped with world class amenities and services that are 4 star or better. Spas, pools, conceirge, Restaurants are few of the amenities that condo hotels may feature.

As expected these world class condo hotels don't come cheap. So how are they better than Hotels? What's their USP?

When you buy a condo hotel unit, you can live there whenever you would like. When you are not staying there, you can place your unit under Condo Hotel Management's rental program. And you will get a certain percentage of the rental revenue. All the maintenance of the property is taken care of by the Condo Hotel. Even Renting is handled by Condo Hotel Management. Many Condo Hotels even have online renatl Management program. This enables the Condo hotel unit owner to keep tab on the rentals etc.

Playa del Carmen, Mexico is one such hot Condo Hotel destination . Playa del Carmen is a popular tourist destination and it's real estate market is expanding all the time. It has some of the most sought after Condo Hotels in Mexico.

One such property is Pueblito Escondido. It is a is a luxury complex located in the core of Playa del Carmen, a few steps from the 5th Avenue where all the activity and fun takes place and only 100 feet from the beach. Pueblito Escondido condo hotel features many incredible amenities, services.

Pueblito Escondido is located close to the beach. The units have 2 bedrooms, balcony and private terrace. It also features luxury pool with Pub Bar on the first floor.

Another prime Condo Hotel is Viceroy Mayakoba. A refined haven of 110 new 1,500 square foot luxury villas woven along the Caribbean coastline, lagoon waterways and a championship Greg Norman golf course, Viceroy Mayakoba offers its discerning guests an unparalleled opportunity for a departure from the ordinary.

Kor Hotel Group's distinctive portfolio, recognized on prestigious media lists such as Travel + Leisure's “Great Escapes,” Departures' “Readers' Favorites Survey” and Condé Nast Traveler's “Hot Lists,” includes flagship Viceroy Santa Monica and Viceroy Palm Springs; Maison 140 and Avalon Hotel in Beverly Hills; and the forthcoming Chamberlain in West Hollywood and Viceroy Anguilla Resort & Residences in the British West Indies.

Viceroy Mayakoba- Ultra Luxury Real Estate in Playa del Carmen

Playa del Carmen is a city on the coast of the Caribbean sea. It has beautiful clean white sands. Playa del Carmen is a developed city with all amenities like banks, money exchanges, pharmacies. This makes Playa del carmen also an Ideal place to buy second home not to mention a sound Real Estate Investment option in Mexico. It is projected that a rising inventory of new homes in the American market, along with a continued increase in the Federal Interest Rates during the spring of 2006, will suppress overall real estate appreciation throughout the USA. But Mexico Real Estate is booming all the time and will continue to do so for many coming years. Playa del Carmen Real Estate is one of those destinations which presents ample opportunities for serious Mexico Real Estate investors to buy and sell properties. One of the most lucrative and safe investment option is buying a villa. Playa del carmen has some of the most beautiful luxury villas to choose from. Topping the list is Viceroy Mayakoba.

Luxury hotel and resort operator Kor Hotel Group extends its signature Viceroy brand's innovative blend of imaginative design, exceptional amenities and personalized services into Mexico with the debut of Viceroy Mayakoba.

A refined haven of 110 new 1,500 square foot luxury villas woven along the Caribbean coastline, lagoon waterways and a championship Greg Norman golf course, Viceroy Mayakoba offers its discerning guests an unparalleled opportunity for a departure from the ordinary.

Kor Hotel Group’s distinctive portfolio, recognized on prestigious media lists such as Travel + Leisure’s “Great Escapes,” Departures’ “Readers’ Favorites Survey” and Condé Nast Traveler’s “Hot Lists,” includes flagship Viceroy Santa Monica and Viceroy Palm Springs; Maison 140 and Avalon Hotel in Beverly Hills; and the forthcoming Chamberlain in West Hollywood and Viceroy Anguilla Resort & Residences in the British West Indies.

Playa Realty Executives - Your Playa del Carmen Realtor is a premier Real Estate Company in Playa with it's offices all over Mexico. It is the first choice in Beachfront and Vacation properties in Playa del Carmen.