Playa del Carmen condos offer a broad variety of opportunities for investment. One of the most interesting opportunities is that of new communities, simply because it holds high potential and because it is accessible to a broad range of buyers. The following are some of the factors which contribute to this.
Ongoing Tourism Growth
Since the late 90s, Playa del Carmen’s tourism grew from a handful of backpackers stopping by on their way to Cozumel or Tulum to a thriving center for one of the most varied groups of tourists. The attraction of Playa del Carmen as a unique, European-style provincial town gives it an ongoing lure which continues to manifest itself in growing numbers. This growth means there is plenty of room for new services and amenities in the areas where the town is growing.
Ongoing Real Estate Boom
Playa del Carmen continues to grow as one of the fastest growing communities in Latin America. This means that there is a healthy variety of condos on the market in various new neighborhoods. Buyers can choose from the condo options and the neighborhood style that suits their tastes and needs the best.
Healthy Real Estate Demand
There seems to be no lack of demand for the growing supply. This means that the demand for resale and rental is likely to remain strong. It also means that new services will continue to appear in new areas as international stores and other investors see ongoing cash flow.
Close Access to the Beach
Because of Playa del Carmen’s growth along the beach, there are also plenty of new options within walking distance of these beautiful beaches. The beaches in Playa del Carmen are considered by many to be the most beautiful in the world. This is a plus in terms of lifestyle, rental income and future value.
Nice Community Lifestyle
New communities are being designed to compete not only with each other, but also with existing upscale, ritzy communities like Playacar. They include very nice layout, plenty of designated green areas and features like bike trails. Gated entrance with manned security makes for safety and low traffic.
Since the communities are new, land is less expensive and prices for the properties are lower. With the above factors considered, there is a good possibility that demand and values will be increasing in these areas as well.
While there are many excellent options in Playa del Carmen condos, new communities are one buyers should certainly consider.
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