During 2007 and 2010, Playa del Carmen real estate investment benefited considerably from large-scale infrastructure investment. According to official reports, this period has offered, and will continue to offer by far the most investment into this area, opening the doors to further investment into Playa del Carmen homes for sale.
In mid-January, Mexico's Ministry of Communications and Transport (SCT) announced that for the period from 2007 to 2010 it has invested more than 174 billion pesos ($14 billion dollars) in construction, modernization and improvement of roads. This exceeded the previous period by 94%, and is an unprecedented investment. A detailed statement showed that the investment is reflected in the more than 15,500 kilometers (about 10,000 miles) of new highways and roads, in addition to the upgrading, paving and construction of feeder roads.
Playa del Carmen has not been left out of this picture by any means. During this period, Playa del Carmen has received 2 very major road infrastructure projects, with funding from all three levels of government. The first was a major access road, exiting from the main federal highway at the north end of town, "arching away" from downtown, and rejoining the highway at the south end. The access road has 6 lanes, and has opened up some of most interesting investment opportunities in Playa del Carmen land for sale. In some areas along this road, land has seen appreciation upward of 20%. Many new developments offer excellent opportunities in land, condos and homes.
The other major infrastructure project is a series of highway bridges. The same stretch along the federal highway with the access road mentioned above bypasses had 3 large bridges built spanning 6 major intersections. Besides offering a general benefit to all residents of the city by alleviating traffic, they specifically benefit the new upscale development area at the north end, providing faster access to downtown and other shopping areas. Some outlying areas, such as Puerto Aventuras and Puerto Morelos are likewise enjoying new highway bridges to make those communities easier to access and safer.
One of the main benefits which Mexico has offered to stimulate and allow for more infrastructure growth is the legal and investment security and viability of projects that have been carried out through public/private cooperation in terms of capital, as well as a combination of foreign and domestic capital. These kinds of combinations accounted for nearly 10,000 km (over 6000 miles) of roadwork.
Investors in Playa del Carmen real estate can continue to buy with confidence looking forward to ongoing investment of this sort during 2011.
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Region: Playa del Carmen real estate.
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 TOPmexicorealestate, you can contact him at (512) 879-6546.
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