Playa Del Carmen, Mexico (PressExposure) December 21, 2010 -- Among the large amount of international investment which has been drawn into Playa del Carmen real estate in the past decade, a significant portion has come from Spanish developers. This large presence has recently been acknowledged and consolidated with the opening of a regional office for the Spanish Chamber of Commerce (CEC) in Quintana Roo, the Mexican state which includes Playa del Carmen, Cancun and Tulum.
During the first week of December 2010, at a meeting which included the state Secretary for Economic Development and Economic and Commercial Counselor of the Embassy of Spain, Francisco Javier Garzón well as employers and government officials gathered in the Hotel Azul Fives, which is currently one of the forefront options in Mexico condos in the area, and has been developed by a Spanish investment group.
The president of the new office stressed that the CEC in Quintana Roo would aim to strengthen the promotion of new investments, promote further trade relations with the Mexican Caribbean and promote cultural activities between both countries.
In that regard, he underlined the important work that the Ministry of Industry, Tourism and Commerce of Spain as well as various business organizations in Mexico have been carrying out through many projects to benefit the nearly 500 members that make up the Spanish Chamber of Commerce, with headquarters in Mexico City. The CEC has more than 100 years in Mexico, and have worked significantly to build closer economic and cultural ties to benefit the economies of both countries.
Spanish investment in Mexico, according to official data, exceeds 30 billion dollars with more than 2000 companies in various sectors. According to the Bank of Mexico, Foreign Direct Investment (FDI) from Spain grew by an average of 59 percent in the last decade and Mexico remains one of the main destinations of Spain's productive investment.
This is significant for the Mexico real estate industry as a whole, but especially for the area around Playa del Carmen, which is home to more than half of the 120 hotels, or over 45,000 rooms, brought into existence by Spanish investors; in Playa del Carmen the real estate industry is very closely tied to the hotel and tourism industry, both gaining many benefits for buyers, and also in many cases offering condominium sales within the same resort developments, as is the case of the condo-resort The Fives, where the meeting took place.
Counting all industries, Quintana Roo receives the third highest amount of investment from Spain, only after the two states which Mexico City and its suburbs dominate.
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