Playa del Carmen, NV -- (ReleaseWire) -- 10/10/2013 -- Playa del Carmen real estate is becoming a prized asset among savvy international buyers and investors as this once small fishing village has obtained world class resources. Playa del Carmen homes and condos for sale account for over 12% of Tourist Residential Housing nationwide for all of Mexico with estimated 4,000+ sales per year to foreigners. The 2012 Frommer’s designation of the Yucatán Peninsula as a Top Destination pick last year “The Yucatán remains the safest region in Mexico, with far less crime than travelers are likely to encounter at home.” TripAdvisor.com reviews also backs this claim with Playa del Carmen ranking in the Top 10 for “Beaches”, “Family Vacation” and “Romance”
Vanessa Rios of Realty Executives, a leading Playa del Carmen real estate company, says that Playa has become a cultural and economic stronghold for the Yucatan peninsula with several luxury brands developing retail locations, those under construction or already open including Louis Vuitton, Carolina Herrera, Paul & Shark, Hugo Boss and Christian Dior. El Palacio de Hierro has also begun construction of a luxury department store at the corner of Avenida Quinta and Constituyentes. Luxury department store Liverpool opened their Riviera Maya flagship store in Playa del Carmen in 2012. Liverpool will anchor a large urban lifestyle center that includes retailers: Zara, Zara Home, H&M, Massimo Dutti, Armani Exchange and Lacoste. Several international retailers have already invested in Playa del Carmen land for sale or will be leasing to include REI and Apple Store.
Recently Playa del Carmen city planners have taken initiative and have begun making the town more pedestrian friendly. A 4 km foot and bicycle path will run the length of the town along 10th Avenue in Centro, along with two additional foot and bicycle paths which will connect two commercial corridors near Centro Maya in south Playa del Carmen and Col. Las Americas where a state of the art municipal facility, city hall and theatre is being constructed alongside the largest master-planned urban development in Mexico. The city has also completed several urban spaces designed to provide a safe environment for families to enjoy outdoor activities, this includes two junior skate parks, an outdoor fitness gymnasium, tennis court, basketball court, volleyball court and children's play zone all of which are located underneath the federal highway, creating a covered space which is shaded throughout the day and well lit at night.
Rios says that Playa del Carmen condos for sale have been drawing international investors due to the price-to –rent ratio and cash flow. Earlier this year “International Living” held its conference in Playa which helps US, Canadians and other foreigners locate and decide globally what country they may wish to live in. Frommers, TripAdvisor and International Living are just a few of the international sources that have found this hidden global gem. In Playa del Carmen, the historical growth trend for Vacation Residential Housing is found in the central areas of the city, namely adjacent to the Fifth Avenue, the Italian neighborhood, and Playa Mamitas. In recent years, the share of projects in gated developments, such as Grand Coral, and Selvamar, among others, has increased. Formerly, the main development was Playacar homes for sale.
Rios says the largest volume of projects in the Mayan Riviera is found in Playa del Carmen, as it is the municipal head and main growth pole for infrastructure and services; it is followed by the development of Puerto Aventuras, and recently, of Tulum, where important developments have megaprojects that will boost the area. Mexico is still the #1 tourist destination for US Citizens and Canadians due to its competitive prices and attributes offered; the Mayan Riviera in particular is one of the main destinations, due to its natural assets and its infrastructure. Rios says that buyers need to really visit Playa and see the location. She recently acquired a toll free number to assist US and Canadian buyers and can be reached at 1-888-615-2266 or search for Playa del Carmen homes for sale at http://www.playahomesforsale.com