By Shawn Bandick

An update from One Stop Real Esate in Playa del Carmen.

In this letter I want to cover a little about the reality of hurricanes, who is coming to invest in Mexico, and why.

Everywhere we went people were out cleaning up and rebuilding. We were very fortunate that there weren't any deaths from Hurricane Dean anywhere in our state of Quintana Roo.

Hurricanes have come and gone in this area for decades, and the local people here are very resourceful and resilient. Not to make light of the hardship caused by hurricanes, but let's look at the aftermath and the positive outcomes.

The government of Mexico cannot afford to let Quintana Roo run at any thing less then 100%. Did you know that more than 50% of Mexico's non-oil income comes from Cancun, Playa del Carmen, and the Riviera Maya? This is like having a government sponsored insurance policy. You can bet with that amount of revenue coming in the government will do everything needed to rebuild any damage, and support the development of these areas. What does that mean for you and me? As we invest in these popular areas we can be sure that the government will also be investing to ensure a strong economic return. That is a win win for all of us!

Look at this example. It took Cancun over 35 years to develop to the point of having 54,000 hotel rooms. In 2005 when Hurricane Wilma visited 99% of those rooms were put out of order in one way or another. One year later with the government support and hard work from all the local business owners involved Cancun had over 60,000 new hotel rooms with an entirely new and rebuilt hotel zone. Playa Del Carmen was up and running again in a few weeks with all kinds of upgrades to city infrastructure. That is the kind of support I like for my investments.

So why are we seeing this ongoing growth here in Quintana Roo? Well, our area is changing daily and it is happening fast. Playa del Carmen and the surrounding areas are no longer just great holiday locations, they are quickly becoming top retirement locations as well.

Last year over 13 million Americans traveled to Mexico for vacation. Over 25% of all Americans who live abroad have chosen to live in Mexico. Mexico is a country that has everything, from cool mountain climates with Colonial towns, to tropical beaches and booming modern cities. Medical and dental care is excellent and provided by professionals trained and educated in the USA. A surgery and hospital stay here may cost you about 3 or 4 thousand dollars while in the USA the same service will be 10-15 thousand dollars or even higher.

The foreigners living in Mexico are all aware of, and enjoying these benefits. Apart from the casual vacation home buyer, the foreigners who live here full time have already invested in more than 30 billion dollars of real estate. In 2006 The World Bank named Mexico as one of the top ten reformers in making Mexico one of the best places to do business.

All of these factors have had, and are having, and will continue to have, a very positive effect on our real estate investments here in Playa del Carmen. Today we have more variety of products for you to choose from than ever before. You too will be thrilled with your investment in Mexico. It's easy, affordable, and fun! Don't sit and watch from the side lines; get involved and you will be glad you did!

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