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Why invest in Playa del Carmen’s Fifth Avenue?

Investing

January 14, 2020

Located in the State of Quintana Roo, Playa del Carmen is one of the most popular tourist destinations in the world thanks to its beautiful cities and proximity to Cancun and Tulum.

Culture and entertainment in Playa del Carmen are concentrated in one place: the Fifth Avenue.

Because of the exclusive shops, restaurants, bars and other establishments, Playa del Carmen’s Fifth Avenue got its name inspired by one of the most exclusive places in the world: The 5th Avenue in New York.

The 5th Avenue is the main attraction for both tourists and investors, who are fascinated with this public way that runs along the coast of the beach, and gives life to this beach town.

Therefore, more and more investors who wish to invest in Playa del Carmen are interested in the Fifth Avenue, either to start a business or to acquire real estate developments that can rent to tourists.

Many factors make the 5th Avenue the ideal choice for investment in the Riviera Maya. Below, we will list the best reasons to invest in Playa del Carmen's Fifth Avenue, so that your next real estate acquisition will be a success.

Why should you invest in condos in Playa del Carmen?

Playa del Carmen used to be a small fishing town that grew due to tourism and the economic growth of the area.

One of the main advantages of Playa del Carmen is the fact that it is located in the famous Riviera Maya, the most exclusive tourist destination in Mexico. And also the most popular at the international level.

Although places like Acapulco and Los Cabos are favorite destinations among foreign tourists, in recent years the Riviera Maya has positioned itself as the second most visited place in Mexico, only after Mexico City.

And as you might think, one of the 5 reasons to invest in the Riviera Maya is the ever-increasing flow of tourists.

The popularity of the Riviera Maya has helped to increase international tourism in places such as Tulum or Playa del Carmen. The main attraction of these places is that they are not as saturated as other Mexican tourist sites, like Cancun. In this area, there are a lot of unspoiled beaches to discover, plus tourists can explore these beach towns through the local culture and food.

Why invest in Playa del Carmen’s Fifth Avenue?
The beauty of Playa del Carmen is second to none. That is why it is considered one of the top 25 international tourist destinations.

Investing in Playa del Carmen

Playa del Carmen is considered one of the 25 best international tourist destinations alongside cities such as London, Paris, and Rome. It is also considered one of the fastest-growing cities in Mexico.

As previously mentioned, the growth of the Riviera Maya has made tourism and the economy part of Playa del Carmen's lifestyle. For example, it is more common to use the dollar as currency instead of the Mexican peso.

And speaking of this currency, foreign investors find in Playa del Carmen the opportunity to acquire a property to increase their wealth and money. One of the most popular reasons to invest in Mexico is that it is cheaper compared to investing in countries such as the United States, Canada, and Europe. This allows real estate investors to purchase houses or condos in a tourist area, something that in their home countries could be more expensive.

But this is also an advantage for those who have always dreamed of retiring near the beach. Playa del Carmen has beaches with crystal clear waters that enhance the city's relaxed and exclusive lifestyle.

Being a small city, people have access to services and different establishments by walking short distances.

For people who are retiring, buying condos in Playa del Carmen seems like the ideal option to make their budget and savings pay off. Thus they will avoid paying rent and will also be investing in real estate, which is one of the 5 safest investments you can make in your life since it protects your money from inflation and you get a property that increases its value over time.

Condos turn out to be a source of income.

And this is mainly because they are located in an area with high tourist demand. Homeowners are interested in renting their homes while they are not living there - for example, during the holidays when they spend time with family and friends - or while they are in the process of retiring, as some people decide to buy condos in Playa del Carmen long before they retire.

Buying and renting condos in Playa del Carmen is a fairly common practice in the area. If you're thinking of investing your money, below is a list of reasons to invest in Playa del Carmen's Fifth Avenue.

The ideal location for tourism

Playa del Carmen's Fifth Avenue is one of the most exclusive places in the world. Visitors have access to shops where they can learn more about the local culture. Artisans and big brands share space with local artists and businessmen who fill the city with entertainment and fun.

Best of all, Fifth Avenue is just a few steps from the beach. You can stroll down the Avenue and feel the sea breeze while you eat at a restaurant or do your shopping. This is why the city has become so popular among those who are looking to connect with nature without sacrificing the comfort of the city, as well as being able to admire the beautiful landscapes of the Riviera Maya.

Although there are stores and establishments in other areas of Playa del Carmen, Fifth Avenue is the area with the highest capital gain in the city. This is mainly due to the flow of tourists who visit this area in search of experiencing the best of culture, shops, and restaurants.

Also, in real estate, the location is the key for your property to increase its value over time.

Why invest in Playa del Carmen’s Fifth Avenue?
On the Fifth Avenue, tourists can enjoy a variety of activities and go shopping without having to rely on transportation. Walking on this iconic street is a cultural experience.

Capital gain

As previously mentioned, property value increases over time. But this is no coincidence: the location of the condo, house or lot, as well as the shops in the area, ease of access to your property, security and the projection of growth are some of the factors that influence the increase in property value.

Added value increases as these factors are combined. That is why many investors decide to buy properties under construction in well-located areas with projected growth. In this way, they ensure that their property will be close to shopping malls or tourist attractions. And therefore, the price of rents or the demand for properties will be higher.

One of the advantages of investing in Quinta Avenida de Playa del Carmen is the guaranteed capital gain. Investors know that the increased flow of tourism in Playa del Carmen has led to a high demand for condos, especially those with an oceanfront view.

The Fifth Avenue of Playa del Carmen is the most exclusive area of the city, so no matter what stage of construction a property is in, the added value is guaranteed because this street is the heart and the tourist center of the city.

The local culture

Mexico is a culturally rich country. Each Mexican State has its attractions, customs, and traditions, which date back to times before the Spanish Conquest of Mexico.

The traditions, mythology, archeological sites and history of pre-Hispanic cultures are a tourist attraction for national and international tourists to visit places such as Chiapas, Yucatan, and Quintana Roo.

The Mayan culture has impressed millions of people thanks to its contributions to mathematics and astronomy. The Mayan calendar and the 'Mayan Apocalypse' in 2012 are some of the things that made this ancient civilization universally recognized for its culture and scientific advances.

Why invest in Playa del Carmen’s Fifth Avenue?
The Fifth Avenue is the main stage for performances that represent the best of the Mexican culture.

Buying property on Quinta Avenida in Playa del Carmen is a long-term investment

Playa del Carmen is a cosmopolitan city with beautiful beaches. As a result, more visitors decide to move to the city to improve their quality of life without sacrificing the comfort of living in a place with quality services.

Unlike other beach towns such as Tulum, the exclusive shops in Playa del Carmen have made the city a tourist reference in the Riviera Maya. The growth of Playa del Carmen is also due to the privileged geographical location that allows it to be an access point to other popular tourist destinations such as Cozumel.

The growth of Playa del Carmen is also due to the privileged geographical location that allows it to be an access point to other popular tourist destinations such as Cozumel.

The demand for condos in Playa del Carmen is on the rise because tourists are interested in experiencing the local culture their way rather than staying at a resort.

Investing in Playa del Carmen's Fifth Avenue is an opportunity to protect your money and secure your future in one of the most important tourist destinations in Mexico: the Riviera Maya.

Playa del Carmen is a constantly growing city, so investing in Fifth Avenue is a long-term investment. You will own a physical asset that will protect your money from inflation and its value will increase over time.

Now that you know our reasons to invest in the Fifth Avenue in Playa del Carmen, we suggest you learn more about our real estate development in the heart of 5th Avenue: Anah La Quinta.

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