Government Investment In The Playa Del Carmen-Riviera Maya Real Estate Market
Last week the Playa del Carmen real estate market as well as Cancun and Cozumels real estate market received the good news that they will be benefitting from an extensive beach recovery program along with the commitment of longterm maintenance. As our Mexico real estate blog mentions the long awaited approval for this project is about 98 approved and this means a guaranteed protection of one of the most treasured elements for vacationers visitors and residents of this area. This project which will be undertaken by the company Mexicana de Dragados/Codralux will invest up to 1000000000 pesos to restore almost 18 km of beachfront in the state of Quintana Roo. The Cancun real estate market will receive the benefit of nearly 12 km of recovered beachfront. This investment is also going to be protected by a 300 m long underwater wall off the shore to prevent future deterioration. In Playa del Carmen 4.2 km of beachfront will be improved in the key area of the city. Likewise 1.5 km of Cozumels beachfront will be benefitted by the recovery project. The project not only aims to recover beachfront in these key Mexico Real Estate areas but is also committing to long term care of the same areas by including a 10 year maintenance plan. The beaches in Cancun Playa del Carmen and Cozumel are a key element in attracting tourism building quality of life and developing culture. This current project will bring indirect and direct effects upon the market place for these three regions. The longterm maintenance commitment will protect the current investment and along with Mexicos nationwide tourist campaign and the ongoing investment into regional infrastructure provide a basis for future growth.
About the writer: Playa del Carmen Real estate by Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living investing and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate you can contact him at 512 8796546.
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