Playa Del Carmen, Mexico (PressExposure) January 08, 2010 -- A project to widen beaches in the Cancun Real Estate area, which began in November, is moving ahead towards completion, showing an incredibly large financial investment into this kind of project for this key Mexico Real Estate destination. Property buyers in the area will note the benefit of this project; among the most popular property types in Cancun are Mexico Condos on the beachfront or with a beach view.
This keynote project is being given a very high priority by all three levels of government - municipal, state and federal - and in a combined effort will receive an investment of nearly 100 million dollars. While the project for Cancun's beachfront recovery was suspended for two days at the beginning of January due to administrative obstacles, the Trust responsible for the project decided to continue with the repairs on the sands, located on the coast of the port.
On January 5, the mayor of Cancun, Gregorio Sanchez Martinez, confirmed that the beach expansion will continue as originally scheduled. On that date a further 20 million dollars were dedicated to the completion of the project, guaranteeing that condos and other real estate will soon be enjoying the completed product of the expanded beaches. When the work is complete, more more than 175 million cubic feet of sand will have been distributed over about 7 miles of beachfront.
While tourism is the key industry in Cancun - annually the destination receives more than three million visitors, generating an economic income of more than 3.1 billion dollars, with an average per visitor than a thousand dollars - the new beaches will also greatly benefit the thriving condo market in Cancun, one of the most sought-after in the Mexico Real Estate industry. For those considering buying property in Cancun, whether for a permanent relocation, a condo for vacation purposes, or a property investment, the beachfront provides the city's most important commodity, defining the day to day lifestyle for residents and visitors alike.
The investment in this project likewise demonstrates that all three levels of government in Mexico are willing to provide the finances necessary to support the Cancun's thriving real estate industry, through infrastructure improvement and special projects such as this one.
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