While one of the main driving forces in the value of Playa del Carmen property investment has been the strength of tourism in this area, this point has been re-confirmed with a recognition of Playa del Carmen as Mexico's leading destination.
The recognition was given during the month of December, and for the seventh consecutive year, Playa del Carmen and the Riviera Maya, the stretches of beachfront resorts and residential communities to the north and south of this community - won the award for "Best Destination in Mexico" in the "Travel Weekly Reader's Choice Award." The award is promoted by the prestigious publication Travel Weekly, a leader in the tourism industry in North America.
This award indicates the area's ongoing commitment to staying ahead of the game in the tourist industry, and similar awards have been won for Playa del Carmen for international areas, such as the Caribbean.
While tourism offers obvious benefits for those investing in condos which can benefit from vacation rentals, there are also clear benefits in investing in Playa del Carmen homes for sale, which can appeal to slightly larger groups, or families that prefer to have some sort of yard space. The growing tourism triggered by the ever increasing quality and variety of activities also means that there is increased exposure for the real estate market, indicating value increases.
The growth of the community itself also brings investment opportunities in Playa del Carmen land for sale; the area continues to be one of the fastest growing communities in Latin America, and this growth has created a situation in which some new development areas have seen increase in land value of up to 20%. With improvement, return on land investments can be substantial.
As for the award, the Riviera Maya was favored by readers of the magazine, mostly travel agents in the United States who evaluate this destination from the number of travelers who visit, as well as comments received from tourists about the quality of their services. The tourist destinations in Mexico nominated as finalists were: Los Cabos, Cancun, Cozumel, Puerto Vallarta and Riviera Maya. Each of these offers excellent tourism, and a healthy real estate market for both vacationers/retirees and investors.
Playa del Carmen and the Riviera Maya, however, prove to be a cut above the rest – a good sign for real estate investors.
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