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Yucatan Real Estate Benefits from Innovation in Tourism

Mitch Keenan,  Broker By Mitch Keenan

Some of the most important features which have drawn attention to Yucatan real estate over the past decade are the same which have drawn large numbers of tourists to the area; these include ancient pyramids, beautiful colonial cities and splendid natural wonders.

For those who buy Mexico homes in the area, it is important to know that government and business organizations in the area are constantly seeking innovative ways to find new niches in the tourism market; this will promote a constant and increasing flow of tourists into Yucatan.

Home owners have everything to gain from this effort. On the lifestyle side of things, residents enjoy increases in the following:

Activities. With more tourists showing up, more activities are bound to appear. This is especially true with the innovation which Yucatan shows in this area. Everything from the expected (but very intriguing) pyramid tours, to guided boat access to a natural flamingo habitat, or self-guided tours with an audio device of Merida's most important historical landmarks is available.

Services. Growing tourism also brings more day to day services such as large shopping centers, international stores, sports fields, and hospitals. Life not only becomes more interesting, but more convenient.

For those considering investment or just watching the value of their property, this is also a good thing. The efforts to diversify tourism mean that owners will enjoy:

Growing demand for buyers of their property. More tourists means that more people will begin to take notice of the renovated colonial homes, or beachfront condos. When they see the large number of activities and services available this will be even more so.

Property appreciation. Growing demand and a high level of lifestyle convenience brings increase in property value. Even for those who are not investors, this is an important factor to consider for future resale.

The governments of the city of Merida and the state of Yucatan know how important tourism is to their economy, and have been making decisive efforts to continue developing this industry in an area where it is already strong, but which holds a great deal of untapped potential.

Tourism is one of the strongest industries in the global economy. It is estimated that two out of every 10 dollars of wealth the world has been generated by the tourism industry; Yucatan is well poised to capture its fair share of this wealth, for the benefit of all who invest in property here!

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Region: Yucatan Real Estate by Mitch Keenan has been a Licensed Broker in the United States since the 1980s. He holds a GRI and a CRS from NAR (National Association of Realtors). With over ten years of living and working in the Yucatan real estate industry, Mitch brings American business ethics and Mexico business experience together to give buyers unparalleled service. 512-879-6546


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