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Playa del Carmen
Playa Del Carmen is a strong
growing investment market.
Hello from Playa del Carmen to all our friends and clients.
By Shawn Bandick
What an experience it is to live
and work in Playa Del Carmen. I was recently told by a friend and client
that the Guinness book of records just put Playa del Carmen as the fastest
growing town on the planet. The article is also on the Yahoo Travel Site check this link
We see first
hand evidence of this every day.
Benito Juarez ave has been repaved with nice side
walks and palm trees planted in the center median. Fifth avenue has
been extended through the Colosio. Tenth avenue
has also been rebuilt all the way through the Colosio
it has double lanes with a median down the center. There are new stop
lights on the major intersection all over town even 34th street has
lights at the high way now which is going a long way to help ease the
traffic coming and going from down town.
Paving has started on every
street from the highway into the Colosio. Even
the Ejido across the high way is swarming with
activity. The entire area between Juarez and Constituyentes
is undergoing a huge upgrade of services and infrastructure. They have
trenched all the roads to put in underground services. It seems to be about
75% complete now. It’s dusty and a bit hard to get around in those areas
but we are so thankful that the city is taking care of this now. Once all
the digging and refilling is done the roads will be paved and have side walks put in.
There’s nothing like living
through the growing pains of a city on the move.
Many of you have heard me speak
of the Mall of America being built out in the Grand Plaza
commercial area on the north end of town. Well I am happy to say the construction
is really advancing now. Some stores look ready for fixtures to come in,
and the theaters are huge. Apparently the goal is for the mall to be open
by November. The new Office Depot is also open now. The new shopping area
on the south end of town is in the finishing stages now. There will be a Sorania grocery store, Price club and a Cineplex. The
hospital just outside Playacar is just finishing
up.
All this growth is imperative to provide infrastructure and services to
help support the permanent population base and allow the tourist area to
develop as it needs to, to support the increased tourism.
Another very interesting thing has happened over the past year. We have all
seen great rental returns and increased value in our real estate holdings.
Also many investors who bought multiple units in preconstruction are
selling now. This is giving us an inventory base of good value new condos
and villas complete and ready to move into. For the buyer who prefers to
stand in the condo and see the view rather than buy off building plans this
is a great opportunity. Of course there are plenty of quality new projects
in the works around town and still they are selling out before they are
complete. So now we have the best of both worlds for our investors. Whether
you prefer preconstruction opportunities or finished construction Playa del
Carmen has a lot to offer with a very exciting future don’t miss it.
We look forward to seeing you when you have a chance to come and enjoy
Playa del Carmen.
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