2011 is seeing some important changes move ahead for real estate markets on the Yucatan Peninsula. While Playa del Carmen real estate is benefiting a good deal from these, so are a number of other locations, such as Yucatan real estate in the colonial city of Merida, or the up-and-coming market of Tulum real estate just south of Playa del Carmen.
The following are some of the most significant developments to watch:
Tourist Trains – The first tourist train to be started in the area will run from the city of Merida to the Mayan ruins of Chichen Itza. This train will not only add transportation convenience for residents who buy real estate in Yucatan’s capital, but will help develop Merida as a point of arrival for tourism to the peninsula. This same train is eventually to be extended to Playa del Carmen in the east and Campeche in the west. Another train is being planned to run from Cancun through Playa del Carmen to Tulum.
New International Airport – The new airport is planned for Tulum. While some delays, most recently in the international bidding process for construction and operation, have pushed back the date for this project to be completed, it is certain that it will be carried out, and that when it is completed, real estate and tourism in Tulum will enjoy a substantial boost. Investors are watching carefully. Playa del Carmen is another area that will benefit from this airport, since it will now be directly in the middle of the two airports, giving residents more options, and placing it at a central transportation location for tourism.
Tulum National Park – Construction Cancellation – In early June, 2011, Mexico’s supreme court ruled that developments for this park had to be cancelled. While on the whole, many observers have taken this as bad news, primarily for the projects that were begun in the park, there is a bright side; a handful of developments just outside the park, like the Aldea Zama, are now in a very exclusive position, nestled between a fully protected park area, the beach, a resort and golf course and the quaint town center. All are walking distance.
Unified “Yucatan” Tourism Region – Especially the train and the new airport are helping to create a unified “Yucatan Peninsula” tourism region, as opposed to the group of regions now emerging. This means that the area will be Latin America’s superpower of tourism, bring new investment and new real estate opportunities.
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