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or the last 23 years Playa del Carmen has seen
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truly unprecedented growth. From about 1980 when the population measured around 6,500
residents it grew to about 200,000 today. But the increase in property values was even more startling
during that period. In 1980 beach front property in Playa was selling for an average of $0.25
per square meter, today that same
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square meter will cost you anywhere
from $950 to $1,200. That is of course if you can find one that is for sale! Although this stunning
increase, between 3,800 and 4,800%, in real-estate prices is not foreseen to continue at such a dizzying
rate, rare properties such as the Residences at El Faro are sure to enjoy continued strong increase
in value. Amongst the many reasons are the truly unique location, the fact that no other such luxury property
exists in Playa today and that it is unlikely that one will can be build in the future.
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