Seize the Opportunities of Riviera Maya Real Estate
When you think of the Riviera Maya you probably think of white sand beaches lined with palm trees and a crystalline sea, ancient ruins, natural wonders and beach clubs galore and you would be right in thinking this. But what the Riviera Maya is increasingly known for are the Flashy five star resorts and private residences that line the coast and new eco-luxe developments that are sheltered by the thriving jungle. With such a level of luxury available, it’s easy to understand why this Mexican slice of Caribbean coast is the fastest growing tourist destination in the world.
The past decade has seen almost unprecedented growth in towns such as Playa Del Carmen which was named #1 tourist destination in Mexico. What started out as a sleepy fishing village with a ferry to diving destination Cozumel, is now a fully fledged city. One of the fastest growing in Latin America no less, with an annual growth rate of 26%. While Playa Del Carmen is often considered the centre of the Riviera due to it’s location and size, tourists also flock to smaller towns such as Tulum and Akumal that are focused on eco-tourism without compromising on comfort.
This level of growth and popularity has resulted in massive levels of interest and investment in the area. Live and Invest Overseas included Playa Del Carmen in their list of Top 9 Places to Invest Overseas 2017, and for good reason. Opportunities in real estate are thriving like a mangrove tree in a crystal clear cenote. 2016 saw a 13.6% increase in property sales in the state of Quintana Roo and this success looks set to continue into 2017. Wilbert Gutierrez Alvarez, president of the Mexican Association of Real Estate, has confirmed that approximately $200 million USD will be invested into Riviera Maya real estate in 2017. Playa Del Carmen alone will receive 400 new apartments in the centre of town. Many of these developments are sold out before completion, which means properties often appreciate before the owners even receive the keys. If you’re looking for your own piece of paradise, the time is now.
So what’s available? The real estate on offer is vast as well as varied. Ownership options include investing in a private residence, fractional ownership and rental pool programs. Many investors choose centrally located luxury condos or beautiful villas on the beach. While the last decade has been centered mainly on developments in Playa Del Carmen, the future is focused on Tulum.
Named as #1 Destination on the Rise 2016 by Tripadvisor, Tulum is home to ancient cliff-top ruins, the Sian Ka’an reserve and some of the best beaches in the world. The charm of Tulum has remained largely untouched by the level of growth seen by Playa Del Carmen. This hasn’t affected it’s popularity though. Tulum is known for it’s revitalising wellness retreats, boundless yoga studios and eco-spas. Strict environmental regulations limit development thus preserving this eco-chic vibe. Yaan Wellness is an energy healing spa ran by Dr. Bobby Klein and owner and founder Sebastien Sas. Traditionally inspired therapies encompass mind, body and soul for a completely revitalising experience in an eco-luxury setting. This unique brand of laid-back luxury has made Tulum a huge hit with celebrities. Justin Bieber, Demi Moore, Jared Leto and Orlando Bloom, to name but a few, have all been spotted in this hipster paradise. Most recently, Pretty Little Liars actress Shay Mitchell spent time at Azulik hotel, Tulum in January. More are set to appear with the opening of internationally renowned restaurant Noma opening it’s doors in April for a short 7 week stint in paradise.
Despite catering to a high-end luxury crowd, property prices in Tulum are still relatively low and development is on the rise. Tulum is set for flourishing future investment that promotes a luxury eco-lifestyle.
As tempting as places like Tulum are, investing abroad can often be a worrying experience for first time or seasoned investors. Finding a trustworthy, committed real estate company to work with is key to securing the best deals that serve your interests in the Riviera Maya. One such company is Virgin Realty Mexico. With 30 years experience in luxury Riviera Maya real estate, Virgin are committed to guiding their investors confidently through the buying process. Their portfolio has properties and investment opportunities for all budgets, with prices ranging from $300,000 into the millions.
One such development represented by Virgin Realty Mexico is The Fives, Playa Del Carmen. Extravagant private residences are enrolled into a rental pool program that ensures guests receive the trademark luxury Azul Fives service, all within the comfort of their luxury holiday resort home. Due to the success of the initial private residences, this year will see the unveiling of the brand new The Fives Downtown Residences in a central location of Playa Del Carmen.
If you want to avoid the hustle and bustle of Playa Del Carmen, Puerta Aventuras is a luxury gated community with a pretty marina, beautiful beaches and golf course. The marina is one of the few in the area that can dock large boats and offers full-service so every type of vessel can be found here; from luxury yachts to traditional fishing boats. This picturesque town is receiving some exciting investment into real estate with new developments such as Villas Laguna. This luxury boutique development consists of just 4 condos that will be finished to the highest standard, offering the utmost level of luxury. Ground floor condos will have exclusive private swim-up bars and gardens while penthouses have their own rooftop pools, bars and and sun areas that look out over the water. A development such as this creates a sense of intimate affluence while still enjoying unobstructed views of Puerto Aventuras and the calm open water.
It’s true that long term investment isn’t always an option for visitors of the Riviera Maya. For those wanting to sample the very best of the Caribbean coast whilst lapping up the luxe lifestyle, luxury villa rentals are a popular option. A luxury rental villa affords guests sought-after privacy and privilege that a resort just can’t guarantee. In a luxury villa rental, the focus is on you – because you’re the only guests! A staff that delivers 5* service is a given with high-end villas in the Riviera Maya. Personal chefs, maid service and butlers are there to provide you with everything you could possibly need to relax, while equipment is ready and waiting when you feel like an adventure.
Villa Yardena is a luxury rental property located in the protected Soliman Bay, just 10 minutes outside of Tulum. Privacy is key at Villa Yardena, which is situated on it’s own private street in a quiet residential area of the bay, lush with the natural greenery of the area. This property is made up of a main house and two casitas joined by the inviting outdoor area. With a large pool, a palapa with fully equipped bar and of course, spectacular views of the bay, guests are sure to convene in this beautiful garden. The crystal waters of Soliman Bay are merely a few footsteps away across scintillating white sand. Turtles, rays, octopus and tropical fish are all ready to greet new guests willing to grab a snorkel and head out into the Caribbean sea. The 4 spacious bedrooms benefit from en-suites, private balconies, ocean views and even direct beach access. Should guests need even more help with relaxing, comfortable kitchen and living areas are fully stocked by the live in staff. This dedicated team offer a concierge service, private chef, maid service, excursions and even event planning, should you feel the need for a celebration in this stunning location. Renting a luxury Villa like Mar Azul means receiving all the benefits of resort living, without the hassle of other guests.
The Riviera Maya is becoming a world leader in luxury travel. From 5* resorts to investment opportunities to private luxury villa rentals, Mexico’s Caribbean coast has opulent accommodation to suit all luxury travelers. The weak peso offers a fantastic exchange rate so you can get more for your money, while the growing popularity of the Riviera Maya means a safe return on investment. There are some very exciting real estate developments planned for the future, all set in a tropical paradise of year round sun. While there are many pros of traveling and investing in the Riviera Maya, there are some cons: prices are rising in correlation to the growing popularity of the area, so opportunities don’t last long but once you have your piece of paradise? You might not want to leave.
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A travel enthusiast hailing from the sunny island of Cyprus and the less sunny island of the U.K, I spent 2016 exploring France and I have now arrived in the beautiful Riviera Maya, Mexico! I will be documenting my luxury travel experiences while here in Mexico for Villa Experience.