For the past decade or so, Playa del Carmen has been the fastest growing city in Latin America. In calendar year 2002, it was the fastest growing city on the in the world. It is very well known in chic circles, welcoming the most cosmopolitan people from North and South America, Europe, and most recently, Asia, to its crystal clear waters and powder white sand beaches. But until today the price of the Real Estate has kept the dream of living there out of the reach of all those who are not millionaires.
Today’s announcement of a new project of 25– 3 bedroom homes, in a gated secure community, reserved just for American and Canadian buyers, and priced under $100,000 USD, has changed all that.
“What we are seeing is a chance to allow a buyer who is not wealthy realize their dream of having a place in one of the most exclusive zip codes in this hemisphere” says Chris Rauton, head of Sales& Marketing at American Realty (www.American-Development.com) for the project. “For the last number of years when someone only had $100,000 to spend they usually ended up in Tulum or Merida because the prices were lower. This is the equivalent of affordable high quality homes in Manhattan, you just don’t see it”.
It is not only the price that is catching fire. The project is over 10 years in the making, with high quality building practices aimed at the American and Canadian Market. Playa del Carmen has long been associated with environmentally friendliness and this project plays into that theme perfectly. The houses are have been built with energy saving building materials, are pre-equipped for high speed internet connections and even have options for solar power, not something typically found at this price point anywhere.
“For North Americans it’s really an easy transition”, explains Chris, “the plugs are the same so all your electronics work without a hitch, all the stores accept dollars or pesos, there is even a Costco and Sam’s Club for when you want a taste of home.”
Sam’s and Costco notwithstanding, Playa del Carmen has over better than 500 restaurants makes it a Foodie’s must visit, with so much competition keeping the prices reasonable. We think we will stick to those for our eating needs.
For more information on this project contact Chris at Chris@American-Development.com