Have you been considering buying condo near the beach in Mexico? The following are a few reasons why now is an ideal time to buy a preconstruction Playa del Carmen condo.
New upscale areas are emerging. Large-scale investors have noticed the potential of Playa del Carmen, which has so far only partially been tapped, and are developing new, upscale areas. These areas will offer parks, bike trails, gated access with security, short walks to the beach, pools and other modern conveniences.
Prices are still low. Since the areas are still developing, prices are low compared to similar condos in established parts of Playa del Carmen, and even more so compared to beachfront condo anywhere in the U.S.
Preconstuction discounts are available. On top of this, since majority of constructions are still in process, substantial discounts are being offered to early buyers. This makes the prices even more competitive. For example, recently one development was selling off it's 6 penthouse units for considerably less than the average price for a regular condo!
Mexico is investing heavily in tourism – Mexico's federal government has made it its goal in 2011 to rise to the top 5 countries in the world by 2018. This means that during the next few years, Mexico will be investing heavily in services, development of attractions, and promotion. More people will be noticing Mexico and visiting Mexico, and, consequently, more people will be interested in Mexico real estate. Playa del Carmen, as one of the most popular and fastest growing tourist areas, is set to benefit greatly from this process.
You'll be ahead of the game. All of these factors combined point to higher prices in the near future. If you buy now, you'll own property in a prime location for a much better price than is usually possible. As the developments are completed, as the communities full emerge as upscale areas, and as tourism to Mexico gains a solid boost, it's also very likely that you'll see a substantial increase in the value of your property.
While it's never good to rush a real estate decision, it is good to begin the process of reviewing and considering early, especially in a situation such as this one when you can buy in an excellent market ahead of the game. Waiting too long to start review options may leave you in a place that makes feel rushed, while if you begin now, you can gather relevant information to confirm that buying a Playa del Carmen condo in the very near future is, indeed, an excellent option.
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