The condo market in Mexico in beachfront tourist areas is highly dependent on that industry and can greatly benefit from tourism-focused investment, in terms of lifestyle, property value, and rental income. Playa del Carmen is no exception.

That is why it is of great importance to Playa del Carmen condo buyers that the city is planning a strong investment in Fifth Avenue, the main tourist street in the center, which forms the heart of the lifestyle of the area.

The new project will focus on the continued maintenance and development of the street image, with a budget of around $ 1.5 million for this year, and is expected to increase significantly in December 2011.

Fifth Avenue is a pedestrian street that runs parallel to the beach and houses many features that attract tourists to this area; small boutique hotels, excellent international restaurants ranging from elegant versions of Mayan traditions to beautiful pasta bars, live music, ice cream parlors, pizzerias, jewelry and clothing stores, and much more.

The investment will cover the original stretch of the downtown highway, which runs from First St. South (where the street begins at an elegant open-air plaza and beachfront park) to Constituent Avenue. Beyond this begins the newer Italian section of the street.

A lot of expat-bought condos are located within walking distance of this street; the most expensive are in the space of one block between Fifth Avenue. and the beach, and many others in almost every price range are within 4-5 blocks of Fifth, still within walking distance of this touristy street and the beach.

Whether within walking distance or not, the street is something of a social hub for the area, and most people go down to enjoy drinks at comfortable patio cafes and events such as the weekly art walk or the annual festival of jazz in front of the beach. This is equally true for Mexican households in peripheral areas, not directly in the city center.

The project, which was authorized at the end of September 2010, aims to continue developing the image of Fifth Avenue through better lighting and a greater number of benches to make the walks even more relaxing.

A related project includes the construction of a new beachfront access with parking in a promising area of ​​northern Fifth Avenue at 88th St. Funding for the project comes from the state and federal governments.

TOPMexicoRealEstate.com; Leading network of specialists in Mexico to find and buy Mexican properties safely