Some Facts About Playa Del Carmen Real Estate
Most people know that Playa del Carmen is an excellent vacation spot on Mexico’s Yucatan Peninsula. Most people also know that there are excellent condos available for good prices to enjoy vacation, retirement or investment.
The following are some more facts that perhaps fewer people know about the Playa del Carmen real estate market.
It’s currently Latin America’s fastest growing community. Founded as a simple fishing village during the 1930’s, and pretty much staying that way until the 80’s, it has since boomed into one of Mexico’s most important tourist centers and real estate markets.
There are new development areas. While most people who have arrived as tourists are familiar with the condos along the beachfront in the main tourist areas, there are also high-quality new developments available just a few blocks back from the beach, both in town, and out in the resort areas. These developments can be anything from small complexes of luxury villas to larger developments of condos with pools, gyms, etc.
Large infrastructure projects are underway. Because of the growth in the area, the three levels of government have cooperated along with international private corporations to bring large-scale infrastructure projects. These include a new 6-lane by-pass around the downtown stretch of the main highway, which also offers direct access to the city’s newest mall and shopping area. Just on the verge of completion in early 2011 is a series of bridges of the main highway intersections passing the downtown area to help residents get around faster.
Cheap direct flights are available. Arriving to Playa del Carmen is not expensive (just as living there is not expensive.) Cancun’s international airport is 30-45 minutes away, depending on which part of town you live in; this airport, more so than any other airport in Mexico, the Caribbean or Latin America, offers very affordable direct flights to many major city’s in North America. The number of direct flights from discount airlines is also increasing as tourism in the area grows, and the airport develops as an international travel hub.
The area is soon to enjoy a second airport. Just a little bit further away (about 1 hr) in the other direction, a new airport in currently in process. This means that residents will have even more flight options. Also, located directly in the center of the two airports, Playa del Carmen real estate is well positioned to see continued growth and offer increasing services for residents.
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of Playa del Carmen real estate, you can contact him at (512) 879-6546.