A very important factor what has made Mexico real estate attractive for American and Canadian buyers has been the improvements in transportation infrastructure over the past 2 decades; in Cozumel, an island just off the country's Caribbean coast, this factor has been especially true.
One of the most important recent examples of this is the new, modernized ferry terminal providing access to Playa del Carmen. The project required a total investment of 170 million pesos (about $15 million USD.) Besides offering residents improved and more comfortable access to the mainland, the project also helped improve supply of goods to the island, and new spaces for the docking of cruise ships. It has also played an important role in urban image.
Each of these is an important benefit for property owners on the island, adding both to convenience and to property value. Those interested in Mexico vacation rentals have likewise benefited from the convenience of being able to spend part of their vacation in Playa del Carmen, Cancun or other mainland locations easily and in modern comfort.
On the whole, the market of Mexico rentals, whether short term or long term, benefit from improved infrastructure and facility of transportation, making it easier for renters to arrive to locations, and travel within the given area.
In addition to the new, improved ferry terminal, Cozumel's international airport continues to gain connectivity. New, affordable flights to Cancun and the nearby city of Merida make traveling and sight seeing in the area easier for residents. New discount direct flights to Chicago, among other locations, make travel easier to and from home.
Most recently, a direct flight from Cozumel to Mexico City has been anounced. The flight will be offered by the Mexican airline Interjet. Besides making travel around Mexico easier, it will offer further options for flight connections to further locations.
As time goes on, the island of Cozumel becomes more and more connected to a growing number of locations. This means real estate owners, renters and vacationers can enjoy the peace and tranquility of an island known as the "Island of Peace," will still enjoying easy access back home and other nearby attractions.
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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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