Half Billion Dollar Investment In Mexico Real Estate

house-for-sale-in-playacarThe Mexican real estate market got yet another boost recently when New York based Thor Urbana Capital announced its intention to invest at least half a billion dollars in developing real estate across Mexico.

Playa del Carmen Real Estate is again at the center of the Mexican real estate world. The first announced project in this half a billion dollar investment is a full block of high-end retail shops along Playa’s famed 5th avenue. Calling Mexico “the new Brazil” Thor Urbana chairman Joseph Sitt confirmed that Mexico has “All of the favorable conditions to lead to a significant real estate boom largely unseen in developing markets to date”.

In 2011, Real Estate activity increased in Mexico by 14%. This, combined with the growth rate of two times that of Brazil’s in 2012, give Mexico the fundamentals that large scale investors look for. Thor Urbana has made this flagship investment on 5th Avenue in Playa del Carmen to serve as a “signal to investors worldwide” combining an exclusive blend of high-end retail space, international luxury brands, and upscale restaurants that will fit into the already cosmopolitan feel of the area.

American Development Company has been operating in the Playa del Carmen Real Estate market since 2005, and has seen the market develop from a small fragmented market to one where people all over the world have created an international demand not seen in other parts of Mexico nor the Caribbean. Now with Institutional Investors coming in a new era is beginning. It is the perfect time to get into the market.

Visit us at www.American-Development.com for more information.