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Playa del Carmen Property Market & Tourism Growth


Thomas Lloyd,  Broker By Thomas Lloyd
2011-03-14

The value of Playa del Carmen properties has been very closely tied to the strength of tourism in the area, since growing tourism has brought a stronger demand for sales in the market. For this reason, it is good news that the area continues to show a strong upward trend in tourism, especially for Playa del Carmen beachfront for sale, but for other property types as well.

This fact was recently highlighted in the 2011 National Tourism Forum, held in Playa del Carmen. During the past six years, the state of Quintana Roo (which includes Cancun, Cozumel and Tulum) grew by 35 thousand hotel rooms, of which about 80 percent was in Playa del Carmen and the surrounding area, known as the Riviera Maya.

This fact has two important points for the property market; one is, as already stated, the steady growth of tourism. The increase in hotels and in hotel room supply has come in response to a growing number of tourists. Those buying in Playa del Carmen with the hope of reselling easily at some future point, or from generating income through vacation rentals will benefit from a larger number of tourists in the area, and thus larger exposure for their property. While for Playa del Carmen condos for sale, this fact has a more general benefit, for rentals, beachfront and properties a few blocks from the beach will see the best results.

The other benefit, from the perspective of someone in the buying process, is that hotel and resort investment typically also brings real estate development and "tourism infrastructure," the construction of areas for activities and lifestyle, such as golf courses, marinas, shopping areas, etc.

This means that the healthy supply of properties on the market to choose from, as well as the many activities and services which help define the high quality of life, are also largely connected to tourism growth and the resulting development of hotels and resorts.

Real estate buyers will continue to see the benefits of growing tourism as Mexico begins to place the growth of tourism as the number one national priority, having recently stated a goal of bringing Mexico into the top five tourist destinations in the world for 2018. Areas like Playa del Carmen which have already established a firm reputation as both a tourism and real estate market will see the benefits from this effort as Mexico as a whole works to bring more tourists to the country.

The sixth National Tourism Forum is likewise expected to be an important event in shaping the country's unified direction in tourism, and greatly benefit Playa del Carmen's tourism industry, as well as bring benefits for the real estate market.

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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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