Playa del Carmen: The Fastest Growing City in Latin America
What’s fueling the rapid growth of Playa del Carmen?
Playa del Carmen has seen a population increase of over 15.9% annually consistently for the past 8 years from its booming tourist industry. Approximately 30,000 people come to Playa del Carmen looking for employment and opportunities for business.
The government of Playa Del Carmen has made an investment of 400 million pesos to further improve infrastructure, public services and encourage even more migration to this city.
Growth of Playa del Carmen vs other Mexican cities?
Mexico city is still steadily growing at around 0.8% per year. However places with factories or tourism are more popular than the country’s capital city.
Cities such as Tijuana (North Baja California), San Cristobal del las Casas (Chiapas), San José del Cabo (South Baja California). These cities have also an above-average economic situation.
Playa del Carmen Population Growth
Playa del Carmen has steadily been growing since 1995. In 2018 the Playa del Carmen population was calculated to be 252,087 people.[1995-2000] +19.87 %/year
[2000-2005] +18.14 %/year
[2005-2010] +8.35 %/year
[2010-2014] +5.64 %/year
Playa del Carmen Tourism Growth & place of Retirement
People from all over the world are choosing Playa del Carmen as the place they want to spend their vacation.
Baby boomers who want to choose a warmer place to stay over the winter months naturally decide Playa del Carmen is the best place.
With the Cancun airport being not so far away means trips to visit friends and family as only a few hours away.
Living costs of Playa del Carmen
Living costs in Playa del Carmen are more than many places in Mexico but considerably less than countries such as the USA, Canada, and the United Kingdom.
A vacation home and investment property is a smart choice for retirees who want to retire comfortably and sustain a relaxing lifestyle.
Growth of Playa del Carmen Real Estate
Playa del Carmen Real Estate is experiencing a flood of homes and condos on its market.
Buyers have more power in negotiating a great price on their home and Mexico investment property.
But this window will soon close when demand matches the supply again.
That’s why the perfect time to invest in Playa del Carmen real estate is right now.
Americans & Foreigners Owning Mexican Property
There is no better time to get started. Explore the possibility of owning a home or investment property in Playa del Carmen.
Imagine having a lifestyle for you, your family and your friends.
Owning your Mexican property is easy, when you have professionals who can guide you every step of the way.
Get in touch with us today for more information by sending us an email and by contacting us through our contact page here.
Let´s get expand your financial investment and broadening your horizons by investing in the fastest growing city in latin America.