Home | Finance | Real Estate | Buying
If you plan on investing in property in Mexico, you're most likely interested in what's in store for the area to get a feel for how much your property value will increase in the coming years. The most exciting outlook for Costa Maya properties is that the government is actively spending money to develop and revitalize the area for the purpose of raising property values and attracting tourism. Those who get in early while these properties are still natural and undeveloped are expected to enjoy returns many times their purchase price over the next 5 to 10 years. Recent Developments: Over the last several years, many new developments have come to the Costa Maya and are already attracting tourists and buyers as expected. A new cruise ship pier has already been built and has brought a number of shops and eateries with it. Additionally, the highway that runs through the Costa Maya between Cancun and Chetumal has recently been expanded. The development of this 4 lane highway will be a major cause for growth in the area as more people travel south and learn about the opportunities of beautiful beach properties. Shopping and Pleasure: With government backing, developers have literally been painting a new landscape in the jungles surrounding the cruise ship pier, and there is more development on the way. This is luxury style development with amenities like a pool with a swim-up bar, an outdoor theater, and a 70,000 foot shopping center. This is just on the southern tip of the Costa Maya and plenty of similar shopping and entertainment plans are in the works for the rest of the 57 mile strip of coastline. Hotels: The first major hotel is on its way in Costa Maya. The Mexican government plans to keep this area from growing into a typical tourist destination with sky scraping hotels. Instead, to compliment the inherent natural beauty in the area, the area will be heavily geared toward eco-tourism. For those that already own property here, this means the preservation of the natural flora and fauna that make this area so breathtaking. Planned Communities: Just outside of Majahual on the south end of the Costa Maya strip, properties are being primed for upscale, planned communities. You can see the formation of neighborhoods of single family homes on the way around the newly paved streets and boulevards. While housing developments will continue to grow Costa Maya beachfront properties are limited. With only 57 miles of coast and already a great deal of interest, the lots will sell quickly. Fisherman's Dock in Majahual: In the Costa Maya, fishing is an important source of revenue for many locals, but the wealth of sea life attracts recreational fishermen from all over the world. The fisherman's Dock in Majahual is expected to be complete by the end of 2006 and will add to the area's eco-tourist attractions. Those developing the Costa Maya region are well versed in tourism and community planning and have seen how places like Cancun and Playa del Carmen have evolved. The goal is to create a tropical paradise from the raw Caribbean beachfront. Today Costa Maya properties sell between $65,000 US and $220,000 depending on the location compared with 1M to 1.5M just north in Cancun. Numerous investors, including the Oxford Club, agree that Costa Maya is the emerging new real estate hot spot. Those that grab these Costa Maya properties soon will not only get to enjoy a slice of Caribbean paradise, but also enjoy the satisfaction and reward of getting in on a great investment opportunity.
Information and Articles: http://www.mastersmba.com
Providing Information on various topics, please browse our other Articles for more informative resources, we house information on every topic imaginable so regardless of your needs you can be assured to find the answer here. If you wish to reprint this on your own website, simply click the "Web Version" in the right menu, and you are presented with a pre-formatted document to use.
A lot of the information is written by the Master Article team, and published exclusively on the MastersMBA.com website, and we do our best to research all information to ensure it's as accurate as possible. However at times we also publish documents given to us by other sources, we do examine these documents to ensure they are as accurate and correct as possible however at times they discuss highly specialized fields making it hard to authenticate the validity of every fact in the document. These are written by specialists in their respective fields, and we do trust their integrity and judgment however it's always a good idea when doing any research to consult a number of sources and form your own conclusion based on a number of view points.
