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Why investing in real estate in Playa del Carmen is the best decision of your life?

Mexico is one of the 10 fastest growing real estate markets in the world. In the last five years, the price of the Riviera Maya has increased by about 35%, making it one of the fastest growing real estate markets in the world. investing in real estate in Playa del Carmen is one of the best decisions in the world.

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Due to the economic development of the Riviera Maya as a world-class tourist destination in recent years, Playa del Carmen has positioned itself as one of the fastest growing cities in southeastern Mexico.

As the fastest growing market in Latin America, Playa del Carmen real estate offers investors a wide range of benefits, offering incredible capital gain potential from rapid real estate appreciation and rental income.

Are you thinking of investing in Playa del Carmen real estate? Maybe you are looking for a house near the beach where you can relax or an apartment to enjoy your vacations or maybe you are looking for the best option to invest in real estate, for example a land or real estate development. Continue reading this article to discover the benefits that Playa del Carmen has for you.

Why invest in real estate in Playa del Carmen?

In addition to tourism, Quintana Roo has more investment opportunities. By the end of 2020, despite the pandemic, it was announced that the state will receive 1.1 billion pesos in investment in real estate projects.

These projects include the first LGBT-focused apartment development project in Tulum, the Epic Center in Cancun, which consists of a mixed development of 104 luxury apartment units and 56 retail spaces.

Another ambitious project is the start of the first phase of construction of the Playa del Carmen central supply. The project is expected to invest 250 million pesos for the construction of 38 warehouses and 100 commercial sites by 2021.

The project will include a total of 160 warehouses, a banking area, a commercial and dining area, a gas station, an auction area, a weighbridge and even a hotel with 180 rooms.

Another ambitious project is the Mayan train, whose routes cover 5 states in the country, including 15 tourist destinations in the southeast of Mexico, among them Playa del Carmen.

MAYAN TRAIN AND MORE PROJECTS ARE EXPECTED

The project will promote the growth of several businesses, including real estate. It will promote the development of the regional economy and basic infrastructure and services to improve the quality of life and employment in the region.

Many visionary projects as mentioned will be carried out in other cities in Quintana Roo, such as Solidaridad, Akumal and Chetumal.

The economic outlook for Quintana Roo is encouraging, as foreign investment revenues are expected to reach US $$ 2 billion from 2019 to 2021, with Playa del Carmen being one of the cities that will benefit the most.

High hotel occupancy rates show that Playa del Carmen is one of the most popular vacation destinations in the world. Over the years, Playa del Carmen has become an innovative market for vacation home rentals and an excellent setting for investment opportunities. Playa del Carmen is one of the world's leading resorts, offering real estate investors a variety of activities that delight visitors, including world-class diving and snorkeling trips, as well as stunning natural beauty, Playa del Carmen is home to the second largest barrier reef in the world, amazing isn't it? It also has Mayan archaeological ruins, which year after year attract millions of tourists.

Currently, Playa del Carmen maintains the highest urban growth rate, with close to 150,000 inhabitants, an increase of 32% in less than 10 years. This makes it the city with the highest percentage of growth in the country and Latin America. In fact, this entity contributes 2.3% of the total income to the Mexican economy.

  • Increased demand for vacation rentals

More and more tourists are willing to rent apartments or houses during their vacations instead of staying in hotels. This is evidenced by the return on investment of the physical apartment, which can reach 18% or more, according to the Mexican Association of Real Estate Professionals.

  • High quality of life

Among the inhabitants of Playa del Carmen it is common to find people who come here to spend their vacations and decide to stay and live, fascinated by the city's lifestyle. Its excellent infrastructure, first-class city services and hospitals, as well as unparalleled bars, restaurants, ecological parks, archeological sites and modern nightlife make this destination an ideal place to live. In the last two years alone, close to 30,000 people have come to live in the center of the Mexican Caribbean, which has had a huge impact on the growth of the real estate market, thanks to the demand for housing.

  • Excellent location

Location and capital gains are the most important things to consider before buying any property, no matter if it is an apartment in Playa del Carmen or a residential area in Merida. Location will determine the value of future properties, so properties located in areas with high capital gains are more valuable than properties located in areas without good locations.

Investing in real estate is related to the location of the property, and one of the biggest advantages of investing in Playa del Carmen is that the city is part of the famous Riviera Maya.

Riviera Maya is the name of a geographical area located on the coast of the Caribbean Sea. It is 120 kilometers long, and you may have heard of it because it is the most important tourist attraction in our country.

The Playa del Carmen real estate market has a good track record of rapid capital gains due to the continued high and ever-increasing demand for apartments, hotels and vacation homes that provide all the familiar amenities in the tourism industry.

At IBrokers we have the most exclusive projects and offer the best investment options throughout the Riviera Maya.

Contact us for personalized advice by our experts. Make the best decision of your life today and invest with us.

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