Playa Del Carmen, Mexico (PressExposure) November 05, 2009 -- With the announcement that the American economy grew in the 3rd quarter of 2009, probably marking the end of the global recession in the U.S., American buyers may want to consider the many advantages of buying Playa del Carmen Real Estate. Despite the economic upturn in the U.S., Playa del Carmen Real Estate is still for sale at excellent price reductions. The economic recovery in the U.S. is expected to be slow, with improvement coming little by little; although this gives the impression of "lots of time," it may be better to start looking now, before the price reductions also begin to disappear.
At the end of the last week of October, the official announcement came from the Commerce Department that the U.S. economy had grown 3.5% during the last quarter of 2009. This compares to the contraction of 0.7% during the second quarter and the contraction of 6.4% during the first. This is best performance the economy has seen in 2 years. It also marks the end of 4 consecutive quarters of contraction, which is the worst performance the U.S. economy has had in 70 years. In all likelihood, this means that the recession is over in the U.S.
As the effects of the economic turn around are felt by more Americans, more Americans will again have the economic means and confidence to begin looking for good investments, a second home or an ideal place to spend their retirement. Playa del Carmen Real Estate offers excellent options for all three of these, especially in the current market situation, which includes numerous, substantial price reductions on excellent properties. In terms of investment, Playa del Carmen showed very favorable and constant returns on properties, usually between 15 and 20% before the recession. The area, with its very well developed infrastructure, which has continued to receive large investment from the Mexican government during the recession, and its strong and resilient tourist economy shows a much better likelihood than most real estate destinations to continue on this upward trend with the end of the recession. In terms of a second home or retirement living, Playa del Carmen offers very high quality properties, and all the conveniences necessary for a comfortable lifestyle, at a considerably lower cost than comparable options back home, not to mention the world-famous beaches, and the year round warm climate. Again, all of this is currently available with substantial price reductions.
As for the end of the recession, the recovery is expected to be slow. Some buyers may feel that this gives them plenty of time. In one sense this is true, but this time should be spent searching, planning and preparing a real estate purchase. While price reductions are still available now, as the economy recovers, albeit slowly, these price reductions will begin to disappear little by little, and real estate prices will be on their way back up. It is never a good idea to rush a property purchase, and starting the property search when the last deals are disappearing may put make a buyer the unnecessary and unhealthy need to jump into a decision. For this reason, now, as signs of recovery are starting clearly showing, it is the best time to begin a property search, giving the buyer enough time to search carefully and investigate all options, and still enough time to choose from great price reductions.
A final point to consider for buyers is that the need for accurate information and clear advice in the buying process. The most important part of having the right amount of time for the search and buying process is finding a knowledgeable and reliable real estate professional to guide a buyer through the process. This professional will ensure that procedures are carried out correctly, such as the agents in the TOPMexicoRealEstate NETWORK, "Your Expert Property-Finders." For American buyers, who are ready to move on their new economic confidence, now is the time to contact a Playa del Carmen real estate agent and begin their search for the perfect investment or second home.
TOPMexicoRealEstate NETWORK; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely