Large-scale investments in Cancun real estate and tourism development for more than $2.5 billion USD for this and next year, coupled with the increasing construction of new subdivisions have placed Cancun among the municipalities with the highest quality of life and housing in Mexico.

 According the Mexican Institute for Competitiveness (IMCO), large-scale investments in Cancun real estate and tourism development for more than $2.5 billion USD for this and next year, coupled with the increasing construction of new subdivisions have placed the municipality of Benito Juarez (the municipal name of Cancun) among the municipalities with the highest quality of life and housing in Mexico, together with Solidarity (the municipal name for Playa del Carmen) and Isla Mujeres.

The IMCO evaluates ​​the ability to attract and retain investment and the promotion of sustained economic growth, which is a good indicator of future demand for housing, since one of the main reasons why people move to or stay in in a particular city is the prospect of income and good investment.

The report from IMCO mentions that five of the 14 municipalities of high competitiveness are world-class resort communities and among which are Cancun, Playa del Carmen and Isla Mujeres, together with Loreto and Los Cabos, (both in Baja California.)  This also points to similar good news for the Playa del Carmen real estate and Cabo real estate markets.

The report stresses that tourism has allowed these municipalities grow economically, which in turn has made them centers for new residents, both nationals and expats.

Juan Pablo Mirabent Pizarro, president of the Mexican Association of Real Estate Professionals (AMPI) Chapter Cancun, reported that in 2012 and 2013 investments are expected to be above $2.5 billion USD in the three municipalities.

The real estate projects included in this number are Arboledas, with an investment of $15 millones USD; Olas Marinas, with $160 million USD; Grand Island, with $100 million USD; Tree Towers in Puerto Cancun (marina), with $100 million USD; and Elemental en Malecon Cancun, $80 million USD.
In addition to these projects in Cancun, the will also see large-scale investment from Grand Residence in Puerto Morelos, with $150 million USD; Kanai in the Riviera Maya, (including various hotel projects) with $750 million USD; the developments associated with the change-over from Hilton to Iberostart, with $150 million USD; Villas del Palmar in Playa Mujeres, with $100 million USD; the continental area of Isla Mujeres, Riu Península, with $100 million USD and Grupo Posadas in Chetumal with $400 million USD.

The new residential developments and investment into hotels will both offer real estate buyers a large selection of new options, as well as continue to develop the area’s already highly successful tourism, bring new services and activities for expats in the area.

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Region: Cancun real estate. John DeRotache, originally from Saint Louis MO., he has been living in Cancun, Mexico for over 16 years. John completed his University studies at St. Louis University in Missouri and their Campus in Madrid, Spain. With a diploma in real estate from a top Mexico University, John comes well prepared to find and help you with your Mexico real estate needs. Contact John at (512) 879-6546.