The Playa Del Carmen real estate market is prime for investors right now and with David on board we now have the opportunity to get to know the European Market as well as the North American.
Playa Del Carmen, Mexico (PRWEB) July 19, 2007
Caribe Properties, a real estate agent in Playa del Carmen, Mexico, has just produced a new website for their agency. The website http://www.playadelcarmencondominium.com has been produced by the new partner David Stickland, who previously was in charge of the Real Estate TV website Location Essentials.
David Sticklands' background is in TV in Europe and has put together some of the largest database and advertising projects in Europe.
Property in the Caribbean previously was reserved for celebrities, but things have changed in Playa del Carmen, and David Stickland realized that with a number of developments for under $100K, this would be the next lucrative market for foreign property investors.
His previous property investments had been all over Europe and now he brings his expertise to the Playa Del Carmen real estate market.
The city, which is located on the coast of the Caribbean Sea, welcomes around six million tourists a year, with 70 per cent of those now being Europeans. Maya ruins and the Xel-Ha lagoon are also found in the area and help bring in vast quantities of tourists every year.
The large ex-pat community in the city enables many Europeans and North Americans to feel at home straight away, with capital growth running at more than 20 per cent per year and rising to 32 per cent in some areas (source AMPI).
Thomson Holidays started going to Playa Del Carmen a few years ago with just 1 flight per week, now they have over 11 a week, that plus Thomas Cook, My travel, First Choice etc. means the town never has a quiet period anymore. A few years ago this was a very busy resort during the Nov- April period, but now it just never stops.
Capital Growth is running at over 20% per year and as high as 32% in some areas of town. Hotels are 91% full all year long.
Playa Del Carmen is the jewel of the Mexican Caribbean and compare the prices (£49k / $99K buys an apartment in Playa), Compared to the rest of the prices in Florida and the Caribbean, http://www.playadelcarmencondominium.com in Playa Del Carmen real estate is inexpensive.
Not only this, but properties are bought here in dollars so there is no loss on the exchange rate for Americans, the £ / € - $ is now at an all time high, compared to just 3 years ago.
Sparkling waters and sandy beaches are all within walking distance, all the big super markets are here (wall mart, Woolworth) etc., starbucks, Lacoste all have moved here in the last year, so the real growth has only just begun. These companies move in at the beginning of a boom never the end.
BoB Mccain of Caribe Properties stated "The Playa Del Carmen real estate market is prime for investors right now and with David on board we now have the opportunity to get to know the European Market as well as the North American."
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