The island of Cozumel, located a 45 minute boat ride off the shore about an hour south of Cancun, is currently a favorite for retirees and other expats buying Mexico real estate and living in this country. Significant news for this market within Mexico is that an important step has been taken in moving the island's new Marina toward completion.
The significant step seen in early 2011 was the signing of an agreement with representatives from the hotel InterContinental, to start with the construction of the entrance to the marina. With the new agreement, the Cozumel Marina project could move ahead at full tilt during February 2011. The project is funded by the National Fund for Tourism Development (Fonatur), and is located on the south of the island.
The construction of the new marina in Cozumel will offer a new outlet for high-quality Mexico property on the island. Mexico beachfront for sale often receives added value, and offers buyers a higher level of lifestyle due to tourism-focused infrastructure, especially large-scale projects such as this marina.
So far the Cozumel Marina has seen an investment of over 200 million pesos (about $17 million USD) and has been awaiting an agreement with the hotel in order to complete the final stage of the project.
The conclusion of this marina will mean excellent opportunities for the island in terms of investment, tourism and promotion, since it will be another attraction for the island. The marina represents the potential to attract visitors and real estate buyers with larger purchasing power, and offer events such as international sailing competitions.
The Cozumel Marina also represents the feasibility of having more hotel rooms; larger tourism numbers also means further investment into infrastructure and business, offering real estate buyers more convenience and lifestyle activities.
The marina will have a capacity of more than 300 boats, large-scale condo construction, as well as restaurants and shopping options.
The progress of the marina's construction will be a very important step forward for the island's real estate market.
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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.