Playa del Carmen's Mexico Real Estate
Decade of projected Growth
When you prepare to purchase into Mexico Real Estate, and particulary ,Playa del Carmen real estate , or any second homes market investment, a comparison of the local market conditions is recommended in order to ensure that your monies will generate solid healthy returns.
Two of the most important key factors to review in a lucrative vacation market are the tourism developments and projected population growth. Identifying these historical figures and future trends, will help you estimate future sub-factors which are favorable to your investments, such as Playa del Carmen Mexico vacation occupancy rates, Playa del Carmen Mexico demand on long term occupancy rates, Playa del Carmen environmental and quality of life, which all influence the rate of your real estate appreciation.
Mexico has become a major international player in the tourism industry. Its proximity to USA and Canada are key factors to this achievement but its natural beauty is also attracting an ever increasing quantity of Europeans crossing the Atlantic Ocean. Mexico’s top 3 foreign exchange earnings sources are Oil, Remittances, and then Tourism. Tourism is projected to become the second highest generator by the year 2010. 2005 and 2006 were record breaking years.
International tourism in Mexico has been growing over the past decade and is projected to continue its aggressive rate for the next 10 years and plus. Cancun and the Riviera Maya (Playa del Carmen is in the heart of the Riviera Maya) are Mexico’s number one tourist destination of all its Mexican port cities.
Tourism has become a new state priority with the new recently elected Federal Presidential team. The government is quite aware of its competitive advantage in the global vacation and second homes market and wishes to strengthen its overall economy with increased infrastructure development and investments.
Private investment has followed closely these trends in Mexico. Major developments have been realized and are in the initiation stages up and down the Riviera Maya coast. Major 5 star hotel resorts have opened over the past 2 years, including 6 new golf courses, and many service companies are establishing their presence in the region. In the past year, Wal-Mart, Mega Commercial Mexicana, Soriana, 2 shopping centers, and a new privately owned and operated hospital have either opened their doors or have broken grounds in Playa del Carmen. These new industries have brought many new jobs to the region which has also brought record number of people moving into the city putting pressure on the long term rental market as well as the Playa del Carmen real estate market.
Most real estate markets have unique factors that make them ideal for purchasing. A few of these factors influence strongly on maintaining or increasing your overall wealth. Here with the Lloyd-Team, we hope we can help you identify stable regions for such a purchase. And also as important are your personal tastes, we wish to help you locate your Mexican dream home where you can enjoy the beautiful Caribbean beaches and warm Mexican atmosphere.
We welcome you to read and learn more in our web page, browse more of our listings, study more of the Mexico real estate purchasing process. Write down your questions and we will be happy to chat with you by phone or email to help you answer and so that you learn more.