City of Playa del Carmen pushes hard on new Infrastructure to meet investors demands

by Shawn Bandick, Broker at One Stop Real Estate in Playa del Carmen

Hello to all our friends and clients.

Have you been to Playa del Carmen lately?  Wow this town is still on the move. There is street and building construction happening everywhere. The city is pushing hard to upgrade city services like roads, electricity, septic, and water service all over Playa del Carmen. We are all looking around with big smiles on our faces as we see this work happening all over the city. It may cause some delays and confusion but it is impressive that the city is willing to push so hard to get proper infrastructure in place as we grow. 

The Plaza Los Americas on the north end of town is partly open with great movie cinemas. On the south end of town, the Centro Maya mall with Soriana grocery store is open and they also have great cinemas too!

This month Playa del Carmen’s Mayakoba Resort development, with it’s Greg Norman El Camaleon Golf Course will host a PGA golf tournament. This is the first time ever that the Professional Golfers Association is hosting a tournament in Mexico.  Yeah, it's history being made here in the Riviera Maya. Only just 5 or 6 years ago you would have been hard pressed to find a world class golf course in the Cancun or Playa del Carmen area. Now there are 8 golf courses between Cancun, Playa del Carmen and Cozumel. Currently there are another five under construction.

What will all this mean to you and I as we invest in real estate here in the Mayan Riviera?

Well look out because it is already happening! There are more and more high end developments coming to this area like Viceroy, The Tides, Rosewood, Fairmont, and Nikki Beach just too name a few. We are seeing plenty of very sophisticated buyers looking for high end real estate. As this happens we can see price climbing across the board. Also there is currently more inventory for sale in Playa del Carmen than ever before. This doesn’t seem to have affected prices but it has made for a more comfortable give and take negotiation between buyers and sellers. So if you are buying, there’s a great selection of options for you.  And if you are selling, prices are holding strong and we are seeing plenty of new buyers coming to Playa del Carmen.  Supply is increasing and demand is being created.  My friend J.P. Money, orginally from Las Vegas says that it seems to be a somewhat similar phenomenon going here as happened in Las Vegas just after Steve Wynn from the Mirage Resorts moved in and created the demand from what was a sleeping giant.  Could this be happening here too? 

Most of the new buyers we are meeting have been investing in various areas in the USA and as that collective market slows, they are looking for their new investment area.

Most investors have been hearing about and following the Mexican market for some time. They probably even know friends and business associates who have already been investing and profiting in the Mexican Real Estate Market. As their U.S. investment market slows down, they are finding Playa del Carmen in droves. As most of you know we have a small tight sales group in our One Stop Real Estate office and we have 11 sales under contract in the month of January 2007.  And there are still plenty of clients coming in every day. So if you are still on the fence about investing in Playa del Carmen and anywhere in the Riviera Maya, it’s time to jump in! We look forward to seeing you here in Playa del Carmen.

All the best of the new year to each of you.

Shawn Bandick is originally from Canada, a published author, and owns One Stop Real Estate (www.onestopmc.com). He can be reached by email at This email address is being protected from spam bots, you need Javascript enabled to view it This email address is being protected from spam bots, you need Javascript enabled to view it or by phone at +52(984)100-5016 mobile 984 803 3739 office