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Riviera Maya Real Estate Making Waves in the News

03 March, 2013

Mexico’s Riviera Maya,which lies along the sunny coast of the Yucatan Peninsula,has received a tidal wave of positive news lately,gaining recognition for its many cultural heritage sites,strong economy,safety and popularity among travelers seeking affordable luxury on the Caribbean Sea. In addition,the Riviera Maya real estate market is so strong that U.S. filmmaker Jim Hayden of Planet Pictures is producing a new one-hour program for the U.S. public television station PBS,titled “My Great Escape,” which will focus on the growing number of former U.S. citizens – known as expats – who have opted to make their permanent home in this beautiful part of Mexico.

“I think we deserve to know more about the reasons for migration TO Mexico – and that’s what we’re going to look at in ‘My Great Escape’,” shared Hayden. “According to the U.S. State Department,an estimated 6.3 million U.S. citizens now live abroad and Mexico is still the all-time expat favorite. As much as one-fourth of the U.S. expat population now lives ‘south of the border’.”

Perhaps this is why the real estate market in the Riviera Maya is so hot right now and why it is one of the fastest-growing regions to be found anywhere in the world. And the probability for long-term growth in this region is strong,as the luxury market throughout the Riviera Maya continues to prove that this is one of the fastest-growing destinations in the world. Already,thousands of tourists visit the Mexican Caribbean each year,eager to enjoy its famed white-sand beaches and crystal clear turquoise waters. 2012 saw the arrival of a record number of tourists from all parts of the world,including the U.S.,Canada,Europe,Russia,China and South America.

There are many other reasons why the Riviera Maya remains a favorite destination among travelers from the U.S. and around the globe – for one thing,it is home to Cancun,Playa del Carmen,Tulum,Puerto Aventuras and many other stunning tropical beach towns of all sizes,but it is also one of the safest places to vacation – even much safer than many U.S. cities. In fact,the Drug Enforcement Administration of the United States (DEA) has stated that the Yucatan Peninsula has no known drug cartel showing a dominant presence. According to the DEA report,which was submitted in November of 2012 to the National Security Committee of the House of Representatives of the United States,only two drug traffic-related murders were committed in the Yucatan during the first nine months of the year – which is much,much less than what you would find in any major U.S. city.

In addition,the Riviera Maya’s economy is strong and is expected to keep growing throughout 2013 and beyond,according to respected economist Alberto Quintal Palomo,who is also the director of the School of Economics at the Autonomous University of Yucatan (UADY).

“The state’s economic situation recorded in 2012 reports a good level of growth,” stated Quintal Palomo. “It is necessary to promote adventure tourism,exploration of exotic places,ornithology or bird watching,cenotes and caves,archaeological sites,haciendas,colonial cities,villages where time seems to stop and natural reserves.”

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