Two of the most important key factors to review in a lucrative vacation market are the tourism developments and projected population growth. Identifying these historical figures and future trends, will help you estimate future sub-factors which are favorable to your investments, such as Playa del Carmen Mexico vacation occupancy rates, Playa del Carmen Mexico demand on long term occupancy rates, Playa del Carmen environmental and quality of life, which all influence the rate of your real estate appreciation.
Mexico has become a major international player in the tourism industry. Its proximity to USA and Canada and cheap flights from Europe are key factors to this achievement not to forget its natural beauty. Mexico’s top 3 foreign exchange earnings sources are Oil, Remittances, and then Tourism. Tourism is projected to become the second highest generator by the year 2010.
International tourism in Mexico has been growing over the past decade and is projected to continue its aggressive rate for the next 10 years and plus. Cancun and the Riviera Maya (Playa del Carmen is in the heart of the Riviera Maya) are Mexico’s number one tourist destination of all the Mexican port cities.
Private investors have followed these trends closely in Mexico. Major developments have been realized and are in the initiation stages up and down the Riviera Maya coast. Major 5 star hotel resorts have opened over the past 2 years, including 6 new golf courses, and many service companies are establishing their presence in the region. In the past year, Wal-Mart, Mega Commercial Mexicana, Soriana, two large shopping centers, and a new privately owned and operated hospital have opened their doors in Playa del Carmen. These new industries have brought many new jobs to the region which has also brought record number of people moving into the city putting pressure on the long term rental market as well as the Playa del Carmen real estate market.
Most real estate markets have unique factors that make them ideal for purchasing. A few of these factors influence strongly on maintaining or increasing your overall wealth.
