If you've ever dreamed of living in Europe, with its rich cultural heritage, beautiful Mediterranean beaches, and relaxed lifestyle, here's some good news for you; you don't have to go as far as Europe, or pay prices that high. Playa del Carmen real estate, on Mexico's Yucatan Peninsula, offers a very similar lifestyle, only a couple of hours from home, and at a much more accessible price.
One neighborhood in Playa del Carmen, the north end of Downtown, including half of Fifth Avenue, the city's main pedestrian street with restaurants, bars and shops, has been settled by a very large number of Italians. These same Italians have invested opening hotels, restaurants and cafes, offering you can sit down in a stylish sidewalk cafe, sipping cappuccino, or enjoying find Italian cuisine, as relaxed tourists and local residents walk by enjoying the warm weather and relaxing atmosphere. All the buildings are low-rise, adding to the distinct image.
Italians aren't the only ones contributing to this area's lifestyle; many Americans (the only non-Mexican group which surpasses the Italians in numbers) have also opened interesting little restaurants and shops. There are a number of Argentinian grills and bars – ideal for enjoying international soccer games.
Of course, a key consideration is the types of properties available. Between Fifth Avenue and the beach, there are many established communities, as well as new developments in the Little Italy area, a block or two from both the area's beautiful beaches, and activity of Fifth Avenue. Some quaint little homes originally built for local Mexicans are also being remodelled and are on the market for very good prices; these back from the beach, and are mixed into new condos, fruit shops, bakeries and local taco restaurants.
Besides the fact that one of these properties will cost you a fraction of what a property in Europe would cost (starting as low as $100,000 USD), the cost of life is lower than both Europe and the United States. Day to day goods (available in excellent variety in Walmart and similar stores nearby) cost considerably less, furniture and large-ticket purchase have noticeable savings, and bills are lower. No wonder so many Italians are moving here!
What's more, Mexico's economy has been showing excellent resilience in the face of global economic turmoil, as opposed to the distressed cases of Europe's Mediterranean, and even in some ways fairing better than the U.S. (Unemployment is only at 4%!) Real estate values have also been showing a more constant appreciation, and better chances of return for investors.
Consider a European lifestyle close to home, and for a very accessible cost of living! Consider Playa del Carmen real estate.
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of Playa del Carmen real estate you can contact him at (512) 879-6546.
Read More From Thomas Lloyd
|
