10 years ago, savvy investors noticed a market which had tonnes of room to grow; investing in Playa del Carmen land, they cashed in on what was becoming one of the world's most successful tourist destinations, and soon to become Latin America's fastest growing community.
What about now? Hasn't the opportunity passed? The answer is no.
The only point which has really changed over the past 10 years is that a larger variety of Playa del Carmen property types, including homes, villas and condos, both new and resale, have entered this growing market full of opportunities, as well as new opportunities for commercial development and business investment. But land continues to be an excellent investment with this market.
Playa del Carmen continues to be one of the most successful tourist communities and fastest growing areas in Latin American and the Caribbean. This means that new development areas are constantly opening up, and the demand for land continues to grow.
How can you tell where this demand is growing? The best source for your information is an experienced and qualified Playa del Carmen Realtor who is dedicated to looking out for your interest.
While prices have jumped drastically in the original tourist town area, outlying areas which are currently beyond the city, virtually out in the jungle, are the focus of new, upscale communities, and will, according the urban plan, be next to the new city center in the next 15 years. Also, some originally working class communities next to downtown offer excellent location, sometimes even next to the beachfront, where high-potential lots can be found for accessible prices.
Each of these areas show excellent potential for land investment and similar areas have shown appreciation of up to 20% over the last year!
An experienced agent will be familiar with the current trends, with the urban growth plan, new development areas, and with opportunities in communities that promise to gentrify in the near future.
Excellent land options also continue to be available in new gated communities or in newly developing areas of established gated communities, where investing in building a home will offer you as a buyer a high-quality home in an upscale neighborhood at a lower price.
If you have been considering land in Playa de Carmen, find a knowledgeable agent, and with his help, you can do research an excellent investment opportunity!
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely