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Mexico Real Estate in Cancun Benefits from Strong Tourism


Cyndi Ader,  Broker By Cyndi Ader
2011-01-10

Since it's founding 40 years ago, Cancun has presented some of the finest options in Mexico real estate. This fact is largely connected to the area's healthy tourism, which, again in 2010, has outstripped the rest of the Caribbean area as the favorite destination for tourists.

One of the most significant points for 2010 is that it surpassed its nearest competition, the Dominican Republic, by over 2 million tourists.

In addition to the direct benefit that healthy tourism brings to condo owners who rent out to vacationers, it also benefits those who are buying Cancun homes in the downtown area; strong tourism numbers bring increased investment into roads and infrastructure, as well as new private investment into stores, services, restaurant and activity options, such as golf and marinas.

Cancun land buyers also benefit. As tourism keeps going strong, Cancun is quickly growing to become the largest city in this region of Mexico (the Yucatan Peninsula.) This means that demand for land as well as completed homes, or development projects for condos and commercial use will also be growing. This means that investing in land in Cancun will continue to be a savvy investment choice.

In terms of the 2010 statistics, the were collected from January to September for Cancun and the area stretching down to Tulum, known as the Riviera Maya, which has a total of more than 67 thousand hotel rooms. 4.7 million tourists arrived during this period.

This compares to the 2nd place destination, the Domican Republic, which offers a similar number of hotel rooms, but welcomed only 2.7 million visitors. This difference would be even greater counting the end of the year, in which Cancun received another 200,000 visitors for the Cancun Climate Change Summit.

The Cancun Convention & Visitors Bureau (CVB) has high expectations for this winter holiday season and next year there is optimism to strengthen the image of the destination worldwide taking advantage of the 30 per cent increase in its promotional budget, which adds up to an additional 200 million pesos (about $90 million USD).

The numbers are also an indication of a growing realization that the media image of crime in Mexico is inaccurate for most of the country. New vacationers, as well as real estate buyers who haven't visited Mexico previously, are gaining more confidence as neighbors, family and friends are returning from Mexico with very positive reports about safety and quality of life.

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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.

 

Cyndi Ader, call2