Current conditions in Cancun promote all types of real estate business

It is one of the most promising places for the real estate market, among other aspects, due to investment in infrastructure.

In the real estate sector, Cancun is one of the places with the most potential due to the arrival of national and international tourism, which drives the demand for various services, together with the investment in infrastructure that is made in the area. A clear example in this region is the construction of some 30 hotels and at least 30,000 social housing units. Today, this area of the country is consolidated as one of the most attractive poles for investment, according to Patricia Mora Vallejo, president of the Mexican Association of Real Estate Professionals (AMPI) Cancun section. When participating in the Real Estate Investments program, the representative of real estate professionals told Karim Goudiaby that Cancun is a place with exponential growth, as well as a market full of opportunities. As an example, he highlighted the new Nichupté bridge that will greatly boost the area.

He pointed out that the outlook for Cancun in real estate is promising and explained that, as of today, at least 30 more hotel projects have been registered for the area, thus adding 8,500 hotel rooms. The goal, he said, is to add 800 hotels to the offer in the area by 2030. “We have 7.5 billion pesos in the real estate industry, which is a tremendous amount. And 30 projects are still coming, therefore, 85,000 more rooms will be added to hotels. As for hotels, we have 1,200 and by 2030 the goal is to reach 2,000 hotels”, added the president of AMPI Cancun. It is important to highlight, he said, that, despite the fact that this destination is mostly a luxury area, there are more options: we have affordable housing and proof of this is that I have a client who is going to develop 30,000 social interest homes in the area of north arch.

Real Estate Potential

Currently, this area of the country is emerging as one of those with the greatest potential for investment. Since it is a place that offers the conditions to promote various types of real estate businesses. Cancun, for the market that it is, offers opportunities for all types of business: residential, investment and hotel. In addition, it is a geographically privileged land, let’s remember that Quintana Roo was one of the first states to return to normality after the pandemic and at the level of investment this is also moving.

The investment in infrastructure carried out by the government and considered that this is a core point that will pay off and dynamize the activity in the area.

In Cancun we will have a Mayan Train station very close, next to the airport. This, in addition to the construction and modernization of the federal highway and the Nichupté bridge. These million-dollar investments give us the opportunity to develop the real estate issue exponentially, added to the fact that Cancun is a city that has always been attractive to investors, but with all these government investments, it is even more so.

In Cancun there is different tourism: there are people who travel on business and do not want to stay in an all-inclusive hotel because it does not fit the budget; families coming to visit parks or attractions; people who come to live in the medium or long term, and people who come to visit the Riviera Maya. As an investor, your occupancy rate is guaranteed; If there are 30 hotel projects, it is because they know that there is not yet the capacity.

Source:Inmobiliare

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KARINA SAYED
CEO | Broker | Owner

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