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How Will Growing Tourism Affect Playa del Carmen Condo Sales?

Thomas Lloyd
 


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Experts agree that tourism is Mexico is on the rise, and as one of Mexico's most popular and fastest growing tourist destinations, Playa del Carmen is sure to get its piece of the pie. How is this going to affect Playa del Carmen condo sales? For those who buy now, this is sure to bring good results.

There are two major benefits for those who buy now. One is that growing tourism in the area is going to bring new amenities. The other is that those who buy condos in a resort setting will see growing rental demand and occupancy rates, increasing the income they can enjoy from their property.

As for the first benefit, the pattern is fairly clear; the areas in Mexico which have enjoyed the most tourism activity are also home to many international stores, a wide variety of excellent restaurants, more and cheaper flight options back home, modern hospitals, professional golf courses, and the list goes on. The Playa del Carmen area already offers a very comfortable modern lifestyle, and more services and activities will only make living or vacationing here more convenient.

Growing tourism also has a direct financial benefit for those who take advantage of Playa del Carmen condo sales soon. A growing number of condos in the area are being sold within resort settings, and offer owners the option of a rental pool, in order to generate income from their property while they are not using it. Some of these sales can boast service providers which have an annual average occupancy of over 75%, which is high. With numbers like this, they are offering guaranteed returns around 7%; as tourism continues to increase in the area, the reality of occupancy and income is likely to surpass any guaranteed income.

Both of these factors – increased amenities, and higher rental demand – point to a very good possibility for value increase. As other buyers notice the benefits of owning in the area, both in terms of lifestyle and investment return, there will be more demand to buy units which have proven that they are among the best in both aspects. Since value is highly dependent on demand, and heavily supported by proven income, this points to increasing value of such properties.

Those who wish to enjoy the best combination of enjoying an ever improving comfortable lifestyle and income from property investment on the same property will consider a condo in a resort setting in Playa del Carmen.

TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

Mexico Real Estate NETWORK; “Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Playa del Carmen real estate Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.

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