Within the Mexico real estate market, one of the most exciting investment property types has been land for sale. While land tends to be overlooked in the area, Playa del Carmen real estate also offers excellent investment opportunities. Consider the following points which suggest the viability of land investment in this area:
Playa del Carmen is one of Latin America’s fastest growing communities - When Playa del Carmen first started transforming from a fishing village into a booming tourist town, investors bought up lots in what’s now the downtown area and have seen incredible return on these properties. With the majority of lots now sold in the central area (and high prices for those remaining) buyers assume that land is no longer a good option. However, Playa del Carmen is still growing rapidly. Areas that were jungle only a couple of years ago are now new city developments, with Playa del Carmen land for sale. This growth means that land investment opportunities are still available in the newly growing areas.
Land appreciation has been over 20% - Because of this same growth and the growing demand for land in newly developing parts of the city, recent years have seen appreciation in land values of over 20% in these parts of the city. The good news is that buyers can still find low-priced land in these areas, which actually shows greater potential for high return.
Mexico is investing heavily into tourism – Playa del Carmen’s growth has been solely due to growing tourism. The better tourism does, the more potential land investment in the area offers. The good news is that all indications show that Mexico’s tourism is only going to grow. The federal government has made a goal to place the country within the top 5 countries in the world for international tourism; it is investing accordingly into promotion and infrastructure. 2011 was named Mexico’s “Year of Tourism” to promote the fact that this is the government’s main focus. A place like Playa del Carmen, which has only begun to open up its tourism potential, is sure to benefit from the resulting growth in tourism that Mexico is bound to see. This mean land investment in the area should be one of the top priorities for buyers.
Considering these facts, buyers can, and should, look at land options in Playa del Carmen with confidence that it is a good investment. An experienced agent will be able to help a buyer identify areas of high potential.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely