subject: Playa del Carmen Real Estate – Investment Update, Dec 2010 [print this page] Playa del Carmen Real Estate Investment Update, Dec 2010
Playa del Carmen real estate is a growing market in a healthy tourism area which continues to offer excellent property investment options, with potential for good return. The following are a few of the current developments in the area which will benefit investors.
Highway Bridges This is one of the area's most significant current projects, providing rapid movement along the Cancun-Tulum highway over the main intersections for downtown Playa del Carmen and the beach. With frequent ramp access to the main intersections, these 3 long bridges will allow residents of the new gated communities at the north end of the city to have easy access to Playa del Carmen's malls, downtown area, large supermarkets and the shopping areas and eco-parks at the south of the city. These properties also have the closes access to the Cancun international airport.
New International Airport The Cancun International Airport is only 45 minutes away from downtown; this new airport is being constructed about an hour south of Playa del Carmen, near the town of Tulum. This will place Playa del Carmen strategically in the middle focal point of the two an optimal situation growing tourism. Growing tourism means increasing opportunity for income from vacation rentals.
New Walmart There is already one Walmart downtown, and this new Walmart is just on the west side of the highway across from the community north of downtown. Along with other shopping options appearing in the area, this will benefit both the gentrification of the working class community on the beachfront, and the convenience of the upscale gated communities just a bit farther north mentioned above.
Downtown Repaving Some of the streets in the south half of downtown still had their original pavement from their construction 15-20 years ago. This repaving will help in a transformation of the south half of downtown from the small fishing village it used to be, to a more upscale Playa del Carmen real estate community with nice condos like the ones which have been appearing in the north half of downtown for the last decade.
New Fifth Avenue Beach Access. This new access will be exactly where the road which runs up to the new Walmart meets with the beach; currently this is the city's original working class neighborhood, with only a handful of nicer renovated homes. Many features are pointing to an upcoming gentrification; the new beach access will be bricked, with a wooden bike parking and shower area (to wash sand off), as well as a paved and well-designed parking area. There is also a new large hotel being built just up the road.
Each of these points indicates good investment potential in the nearby Playa del Carmen real estate neighborhoods, and investors would do well to investigate buying a property to take advantage of these favorable situations.
