The Cancun real estate market has grown incredibly over the past few decades since the city was founded as Mexico's first Integrated Resort Community, and these days by far the largest focus is on the beautiful beachfront condos out along the Hotel district, and in large new communities such as the Cancun marina on the north end of town.
There is, however, still room for Cancun land investment. As a growing urban center, which is predicted to be the largest on the Yucatan Peninsula within 15 years, there are good opportunities both for investors and those who wish to build a home to enjoy life in Mexico.
One of the they key factors in finding the right piece of land for your needs is to work with an experienced Mexico agent; an experienced, qualified agent who has worked with a large variety of clients – investors, retirees, families relocating – will understand what you are trying to do through your land purchase and will be able to suggest ideal areas and specific lots that will suit your needs.
If you are considering land for building your home, there a few little communities, just past the south edge of town, located very close to both the airport and the entrance to the hotel district. Since they are still out of town, prices are reasonable; since Cancun is growing fast, it is only a matter of time until new services are put in place in these areas.
In the mean time, the location provides easy access to downtown (about10 minutes) and all the malls and shopping options located there, as well as to the "Hotel Zone" and its beaches, as well as large, new malls, nightlife, restaurants, golf courses and much more. The south end of town is also the part closest to the Riviera Maya, where there are many more golf courses, 4 marinas, eco-parks (theme parks with a nature-focus) and Mayan ruins.
This same location also provides opportunities for investors, for the very fact that more services are promising to appear. There are also many land purchase opportunities available in the city for commercial, residential or mixed development. While these will have a higher cost, the return will also be higher, since Cancun has proven over 4 decades to be an excellent source of business investment, as well as a healthy market for selling new homes and condos.
If you are considering investing in Cancun, condos and homes are definitely good options, but also don't overlook the potential of land purchases.
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Region: Cancun Real Estate by Cyndi Ader, originally from the US, has been living in Cancun, Mexico for 17 years. She is a member of A.M.P.I. (The Mexican Association of Real Estate Professionals) and is currently a member of the International Relations Committee. She is also an international affiliate of NAR (National Association of Realtors). She is the owner/broker of Cancun Properties Real Estate and specializes as a buyer’s broker.
