Playa del Carmen Real Estate - New Paving Project Increases Investment Potential

Playa Del Carmen, Quintana Roo Mexico (PressExposure) October 06, 2011 -- A recently announced paving project will cover 50,000 m2 of road space; while the work is planned for more local working-class oriented communities back from the beach, it boosts investment potential for the area, as well reflecting the general growth and improvement which makes Playa del Carmen real estate attractive.

The city's mayor said that in the work will require an investment of about 10 million pesos (approx. $800,000 USD) and will directly benefit the 70,000 inhabitants of the communities. The governor of the state of Quintana Roo (which includes Cancun and Playa del Carmen) announced a total investment of 243 million pesos (about $19 million USD) in various projects for communities in Playa del Carmen for this year.

During the last week of September 2011, accompanied by the mayor, the governor waved witnessed the first step of the work at the corner of street 85 and 7 of the neighborhood called "Ejido," (about a 10 minute drive back from the beach) where the goal is to invest five million pesos in 25 thousand square meters of roads with hot asphalt four-inch hydraulic base 15 inches thick.

The complete package includes the improvement of the urban image, with pavement and sidewalks in several neighborhoods, pavement of streets, construction of a multipurpose gym, improving parks, rehabilitation and equipping of schools, scholarships, infrastructure, potable water and sewerage, sanitation and sewage treatment works, 17 of which are in process.

Later, he moved to Colonia Bellavista, where he gave the green light for the paving of 25 thousand square meters with investment of five million pesos and the same features in infastructure work.

While both communities are outside of the usual area of interest for American and Canadian buyers, it does point to some interesting progress in the city. First of all, these communities back from the beach have traditionally been very low priced, and expat buyers could fairly consider buying a lot or fixer upper home as a small-scale investment; as Playa del Carmen grows, the same area will take on a much more central role, being located directly next to the city's new civic and shopping centers. The paving and introduction new infrastructure and lifestyle amenities will make life in these areas more attractive and suggests the possibility of increasing values.

In general as well, the infrastructure projects reflect the speed of the growth of Playa del Carmen, which, 10 years ago, had only a handful of paved roads; many of the areas which were then fringe properties are now prime downtown real estate.; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely.

About Mexico Real Estate

Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!" Region: Playa del Carmen real estate 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) 879-6546.

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Press Release Submitted On: October 06, 2011 at 5:27 pm
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