Property Prices in Playa del Carmen, Mexico

Index Info
Price to Income Ratio: 24.97
Mortgage as Percentage of Income: 361.76%
Loan Affordability Index: 0.28
Price to Rent Ratio - City Centre: 17.81
Price to Rent Ratio - Outside of Centre: 23.24
Gross Rental Yield (City Centre): 5.61%
Gross Rental Yield (Outside of Centre): 4.30%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 13,061.26 MXN 10,000.00-16,082.08
Apartment (1 bedroom) Outside of Centre 6,000.00 MXN 5,000.00-7,000.00
Apartment (3 bedrooms) in City Centre 23,250.00 MXN 18,000.00-28,000.00
Apartment (3 bedrooms) Outside of Centre 13,142.86 MXN 10,000.00-18,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,692.20 MXN 2,787.07-6,503.16
Price per Square Feet to Buy Apartment Outside of Centre 3,101.77 MXN 2,010.24-4,645.11
Salaries And Financing
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Average Monthly Net Salary (After Tax) 8,400.00 MXN
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 13.50 12.00-15.00

These data are based on 63 entries in the past 18 months from 14 different contributors.
Last update: May 2021

Sources and References
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