|Mexico's Next Real Estate Investment Hotspot
Most of the world's wealthiest people, have accumulated a large portion of their wealth through successful real estate ventures.
There are many ways to make money in real estate, but my favorite is by holding undeveloped land in the pathway of progress. This real estate investment method is known as land banking.
The secret of course to land banking is knowing where the next hot location is going to be before everyone else does. After all, if everyone already knows about it, then the big money has already been made.
I’m going to share with you a location that I believe is on the cusp of big things, however, I feel that I first should offer a disclosure statement. While I do believe whole heartedly that this place is a great investment, I am also a real estate broker in the area – so I am a little biased. Anyway, keep reading the article, and by the end I believe you will understand why I am so excited.
On Mexico's Caribbean Coast, in the area referred to as The Riviera Maya, there is unprecedented growth occurring. In 2006, Playa del Carmen (one of the major cities in The Riviera Maya) was the fastest growing town on the planet according to the Guinness book of World Records. As of today, it is the fastest growing city in all of Latin America. Obviously, Playa del Carmen real estate was positively affected by this unprecedented population explosion.
Now let’s flash back for a moment. In 1990, just a few short years ago, Playa del Carmen was a small fishing village with around 2,000 residents. By 1997, that number had mushroomed to 20,000. Today, close to 250,000 people call Playa del Carmen home. If you had purchased land in Playa del Carmen in the 90’s, you would be very wealthy right now.
Okay, so now that you understand what happened in Playa del Carmen, let’s talk about another little town just minutes down the road. The town I’m referring to is Tulum. Tulum recently exploded on the real estate scene with its beautiful beaches, amazing ruins, and who could forget the Sian Kaan biosphere that calls Tulum home. Tourism has been increasing exponentially in the area, as more and more tourists are spreading the word. In addition, only a short while ago, the president of Mexico himself, Senor Felipe Calderon, descended upon Tulum to announce the coming of a new international airport. Guess what happened to real estate prices after that?
So you have probably already missed out on Playa del Carmen and Tulum, but I believe that there is one more real estate explosion still waiting to happen in The Riviera Maya. I’m talking about Muyil. Muyil, Mexico was once one of the most important cities in the Mayan empire, and actually pre-dates Tulum by some 400 years. The town of Muyil, is located just 10 minutes south of Tulum, and has a network of inland lakes that are connected to the Caribbean via an intricate canal system dredged by the early Mayans. The area is absolutely breath taking, and is one of those things you really need to experience for yourself to fully appreciate.
Just as Tulum benefited from the run off of visitors coming into Playa del Carmen, I expect Muyil to experience a similar fate. The new Tulum airport will make traveling into Muyil incredibly easy. As more tourists begin to discover Muyil, real estate investors and retirees are sure to follow. The area is absolutely unforgettable, and soon real estate prices are likely to be unreachable for many. So if you missed out on Playa del Carmen, and Tulum, check out Muyil – you’ll be glad you did.
+ Wexico http://news.wexico.com/real-estate/26aug2011/mexicos-next-real-estate-investment-hotspot.htm
Sean O’Neal is the owner of Investment Properties Mexico, a real estate brokerage in Playa del Carmen specializing in real estate acquisitions – specifically investment properties. Sean has lived in Mexico for many years, and is widely considered to be one of Mexico's foremost authorities on land acquisition and land Banking in Tulum and The Riviera Maya.
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