"The Playa Times is kind of our go-to publication for news in the area. My Spanish is coming along but it's nice to be able to keep up with local events and attractions in English."
Playa del Carmen, Mexico (PRWEB) September 06, 2014
American Realty was recently the subject of a feature article in The Playa Times as the predominant real estate company serving Americans and Canadians in the Riviera Maya and Playa del Carmen specifically. Both companies work with and serve tourists and expats in the area and cater towards those whose primary language is English.
"We were incredibly excited when we got the call from The Playa Times" says Steve Didier, Chief Marketing Officer for American Realty. "The Playa Times is kind of our go-to publication for news in the area. My Spanish is coming along but it's nice to be able to keep up with local events and attractions in English."
Q. How long has American developments been selling properties here in Playa?
A. American Development has been a full service real estate brokerage in Playa del Carmen since 2005. Its focus since Day One is helping foreigners, especially Americans and Canadians, acquire property legally and safely.
Q. Where is the Caribbean Living development and tell us about the properties?
A. Caribbean Living is a master-planned community about 2 miles from the beach in the new suburb area of Playa del Carmen. It’s divided into smaller neighborhoods of 40-60 homes and each neighborhood is gated, with its own security, pool, and palapa and barbecue area. There are several different models of condos and townhomes, all brand new and with full warranties.
Q. What do you think are the most important values in real estate sales?
A. Buying property in a foreign country can be a very daunting experience. There are many things that are different here in terms of language, culture, regulations and laws. A buyer needs somebody on their side that isn’t interested in the quick buck and will take the time to educate them on the process; somebody that has the experience to give them the guidance and protection necessary to protect their investment and help them navigate the difficult world of Mexican real estate.
Q. Where are the hottest property spots in the Riviera Maya right now?
A. The entire Riviera Maya is up and coming with Playa del Carmen being the epicenter of that development for several reasons. The growth here has been phenomenal and now the institutional money is coming to Playa. There are several major developments breaking ground that are in excess of $500 million and the population of Playa is predicted to double in less than 10 years. There are many big players coming to town and several different mega developments such as DragonMart, The Fives Playa del Carmen, Residences at Mayakoba, etc.
Q. Where do you see the Playa del Carmen property market in 10 years time?
A. If the current levels of development and population growth continue as predicted, the Riviera Maya, and Playa del Carmen in particular, will see a tremendous upswing in property values. Tourism is growing steadily every year and all the macros are in place for major growth in all sectors of the real estate market – with commercial and beach front properties at a premium. With no mortgages to speak of and a very stable government that is committed to sustainable growth, the risk factor for property investment is incredibly low.