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Article DetailsGovernment investment in the Playa del Carmen-Riviera Maya Real Estate Market |
| Date Added: June 18, 2009 04:02:55 PM |
| Author: Thomas Lloyd |
| Category: Business: Real Estate |
| Last week the Playa del Carmen real estate market, as well as Cancun and Cozumel’s real estate market received the good news that they will be benefitting from an extensive beach recovery program, along with the commitment of long-term maintenance. As our Mexico real estate blog mentions, the long awaited approval for this project is about 98% approved, and this means a guaranteed protection of one of the most treasured elements for vacationers, visitors and residents of this area. This project, which will be undertaken by the company Mexicana de Dragados/Codralux, will invest up to $1,000,000,000 pesos to restore almost 18 km of beachfront in the state of Quintana Roo. The Cancun real estate market will receive the benefit of nearly 12 km of recovered beachfront. This investment is also going to be protected by a 300 m long underwater wall off the shore to prevent future deterioration. In Playa del Carmen 4.2 km of beachfront will be improved in the key area of the city. Likewise, 1.5 km of Cozumel’s beachfront will be benefitted by the recovery project. The project not only aims to recover beachfront in these key Mexico Real Estate areas, but is also committing to long term care of the same areas by including a 10 year maintenance plan. The beaches in Cancun, Playa del Carmen, and Cozumel are a key element in attracting tourism, building quality of life, and developing culture. This current project will bring indirect and direct effects upon the market place for these three regions. The long-term maintenance commitment will protect the current investment and, along with Mexico’s nationwide tourist campaign and the ongoing investment into regional infrastructure, provide a basis for future growth. |
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