For those considering Mexico real estate investment, Playa del Carmen properties offer a variety of investment styles and good potential. One option which has fallen out of favor slightly is that of Playa del Carmen land for sale. This begs the question – is it still worth it?
To help answer this question, let’s consider the following facts.
Playa del Carmen is Latin America’s fastest growing community. Thriving tourism which took off during the 90s triggered a boom in real estate during the last decade. This boom is still going on. While prices have gone up since a decade ago, they are still accessible, and the market has proven to be a resilient one. This also means that new opportunities keep arising.
Many new development areas continue to open up, offering new real estate options. Buyers, now more than ever, have a good selection of choices for newly developing areas, and all of these areas are doing well in development and sales. The new areas offer room single lots for homes or businesses. As development continues in the area, the value of owning one of these lots will also increase. New services likewise continue to appear making life in newly developing areas convenient.
Land in some of these areas has appreciated up to 20%. Some of these areas have seen land value increase up to 20%, before improvement or construction. This demonstrates that land in Playa del Carmen has not lost its potential, but has simply shifted its focal area following the patterns of new development in the community.
Nice, gated land developments offer well-priced lots. A very accessible type of land investment in the area is to buy a lot for sale in a gated community. Lots like these often come with modern roads, underground infrastructure, and all modern connections available on clean lots, ready for building. Buyers can save funds by buying one of these lots and building, living only a short drive from the beachfront.
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