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New York Times Loves Riviera Maya Real Estate

12 September, 2012

"It's Close to Cancún,but Only in Miles",read the headline of an article about
Riviera Maya real estate in yesterday's
New York Times.

The Big Apple's top daily paper was preaching the area's
virtues after their reporter,Jim Atkinson,made a trip to check out the
attractions and find out why real estate has performed so well

"Over the last 15 years,as Cancún’s growth has begun to max out,
vacationers and retirees have looked to the Riviera Maya,the 100-mile stretch
of blue-green Caribbean and bleached white sand that stretches south to Tulum",
said the article.

During Atkinson's trip he interviewed local real estate
professionals and American homeowners along Mexico's favorite Caribbean
coastline and found it to be "a kind of anti-Cancún".

"That resort town,
Mexico’s most famous,is all about the vertical,the high density,the buzz and
the next margarita," he wrote,"The Riviera,though,is about the horizontal
(resorts can’t be more than four stories),low density (developers can build on
only 5 percent of their land),environmental sustainability,diving the world’s
second-longest barrier reef (after the Great Barrier in Australia) and climbing
the Mayan ruins at Tulum and Coba."

As well as interviewing owners at the
plush Mayakoba development,the New York Times
also spoke with Paul Ilg,75,and his wife,Geri,69,of Clarkston,Michigan,
who bought a modest condo in the Playa del Carmen real estate market in 1999
for $79,000. 10 years later,it's worth $180,000.

"This kind of value is
another reason that the American contingent here may be the only truly happy
American homeowners I’ve spoken to lately",Atkinson said.

The paper's
special "Great Homes and Destinations" report finished with a look at Tulum real estate (calling it "the newest
boomtown") and nearby Bacalar,in the south of the Riviera Maya.

writer explained that as well as stunning natural beauty and the "endless
beach",the area also benefits from the Mexican government’s emphasis on safety
and health care in and around Cancun.

The New York Times pointed out
that most of violence reported in the press takes place on the other side of the
country in border towns and that medical treatment here can cost half as much as
in the US.

The report finished with a quote from Ray Graham,74,of
Latrobe,Pennsylvania,who was relaxing at his own piece of Riviera Maya real
estate,"We like it out here," he said,"It's away from all that in Cancún. Away
from everything."

To find out more about
why the New York Times loved the area so much,read the full
or visit our section on Riviera Maya real estate.