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Variety in Mexico Real Estate - Cancun vs. Playa del Carmen


Thomas Lloyd,  Broker By Thomas Lloyd
2011-06-27

What defines Mexico real estate?  One of the beauties of this market is that, other than warm weather and low prices, there is no single location, property type, lifestyle or region that can define it as a whole; it is, on the contrary, defined by its variety.  This can be seen by contrasting two cities located very close to each other – Cancun real estate and Playa del Carmen Mexico real estate.

 

Cancun, which was the first tourist destination in the area, created from scratch over 40 years ago, was designed to look and feel like an American suburb.  There are wide access roads, plenty of parking spaces, modern stores, large malls and international restaurants.  The design was created to appeal to American and European tourists who wanted to enjoy the warm weather and beaches of unequalled beauty while enjoying the comfort of what they recognize and of a place that’s defined by modern convenience – and it has accomplished this very successfully.

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In terms of real estate, Cancun is defined by the same concept.  High-rise condominiums overlooking the beaches and Caribbean are the real estate type which defines the area.  Like the city itself, they offer modern comfort and easy access to all services; in addition, they offer splendid views.  New villa developments also exist, offering many of the same benefits in a context that avoids the high-rises.  Homes are also available in the downtown area that allow residents close access to the shopping and services of the area; in all cases, the city’s lifestyle is defined by modern convenience and clean, contemporary design.

 

While Playa del Carmen also offers modern convenience, the defining concept of the city is different at its very root; the city, which grew up around an old fishing village, has taken on a more provincial feel, defined by low-rise buildings, small city blocks and nice little cafes.  While the city is likewise new and is also home to many Americans and Canadians, there have been a large number of Italian and Argentinean expats who have given a distinct flavor to the city.

 

Condos are also the defining property type of Playa del Carmen, but these are low-rise; these do not have to be directly on the beach, because the layout of the city allows for close walking access to the beach from most residential neighborhoods.  Playa del Carmen real estate has also been shaped significantly by its large number of professional golf courses, where buyers can enjoy condos or homes directly overlooking the fairway.

 

The distinction between these two cities, which are only 45 minutes away, shows that Mexico real estate is a market of a very wide variety.  Anyone who enjoys warm weather, and low prices, will find something to suit their needs here.

 

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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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