Let’s face it Playa del Carmen is one hot town. In 2006 it was named the fastest growing city in the world by the Guinness Book of world records. Playa (as the locals call it) has been going strong for the greater part of a decade. Property value has been on the rise and new developments keep popping up throughout the city. Not only is new construction being developed but is selling and selling fast.
Some of the most expensive real estate in Playa del Carmen sits on 12th street between 10th avenue and the beach around the area of Calle Corazon. Property prices here are hefty (in the millions of USD) and now this fantastic piece of real estate has been bought and is being re-developed by a hedge fund out of NYC in the United States. One billion dollars is being spent in the re-vamping of this area of Playa del Carmen, which will translate into rising real estate prices when this project is completed.
When considering purchasing a property in Playa del Carmen there are numerous projects going up right now and will translate into added value when they are finished. It's not too late to buy your piece of paradise in this amazing city and see your investment grow. The trick is to do your homework in order to make an informed decision and listen to the experts in the area. We will make sure to show you the best properties, those which give you an edge and make your purchase much more attractive in the long run. Happy hunting!