By Ronan McMahon
Thanks to Portugal’s crisis, a special situation, and Brexit, we can buy a three-bedroom, 1,280-square-foot condo, in Alvor in Portugal’s stunning Algarve, for €153,000 ($179,556). That’s only €120 per square foot. I figure this condo is worth €230,000 ($269,062) retail today.
You should know by now that Playa del Carmen is a tourism machine. It’s one of the best short-term rental locales on my beat. The place TripAdvisor just voted as Mexico’s number one destination. And it’s where more and more mobile people are choosing to base themselves.
The resort of Sotogrande, on Spain’s Costa del Sol, has long been home to many of the country’s most well-heeled vacationers. And right now, we have the chance to own luxury, sea-view homes priced from €179,000 ($200,270).
For too long, Northern Nicaragua has been misunderstood. It has often been depicted as a poor, war-torn region. But that’s not the case anymore. Today, Northern Nicaragua is a welcoming, vibrant region that’s on the up.
Our strongest Playa del Carmen opportunity yet is now open. We can lock down one of 24 condos, handpicked by me, for $193,800 in the Zona Dorada. And the first five RETA members to act and reserve their condo get to deduct $5,000 from their purchase price.
The Gallery is a condo development on a noisy, busy artery leading into Playa del Carmen. It’s central and close to the action but it gets lots of road traffic. There, you’ll pay $346 per square foot for a condo.
These rental figures will blow you away…$53,000…$41,000…$48,000…$57,000. These are gross figures for a year. Playa del Carmen is one of the best short-term rental locales on my beat.
In my 13-plus years scouting Playa del Carmen’s real estate market I’ve only made two recommendations. Four years ago, I recommended condos in A-nah Playa.
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