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Cancun Beachfront Investment – Tourism to See 5% Growth


Cyndi Ader,  Broker By Cyndi Ader
2011-01-24

 One of the principal motivations to buy Mexico condos for sale is the possibility of generating income through vacation rentals. Cancun beachfront for sale offers the distinct advantage that Cancun is continuously making efforts to expand its tourism appeal and draw larger tourism numbers, hence higher rental demand.

The most recent demonstration of this effort is a formalized coordination of work with other destinations in Quintana Roo (the state that includes Cancun, Playa del Carmen, Cozumel, Tulum and Costa Maya) and the private sector allowing the area to have a competitive advantage over other resort areas.

The effort includes establishing promotion strategies together with these other destinations; the expected result is an increase the influx of visitors at least 5 percent during 2011.

Such an increase means that those investing in new condo developments or resale condos will not need to worry about a shortage of rental demand from tourists in the area. In fact, especially beachfront properties have shown a healthy demand offering investors a solid return on their property. This same strategy will help the property investment market in the other areas mentioned, especially that of Playa del Carmen condos for sale; Playa del Carmen enjoys the second largest number of visitors in the area, and is growing rapidly.

At a press conference, the Director General of the Cancun Convention & Visitors Bureau (CVB), Jesus Almaguer acknowledged that while work is being done in conjunction with Playa del Carmen and other destinations in Quintana Roo, will be important to formalize joining forces and resources for promotion to maintain and increase competitive advantage over the Dominican Republic and other Caribbean destinations.

"We have a wide range of products and services to offer. There is no other destination offers so much as the Mexican Caribbean," he said.

Almaguer noted that the cooperation with the Riviera Maya, Cozumel, Isla Mujeres, Holbox, Puerto Morelos and other destinations of the Caribbean is advancing to organize sports events and participate in trade fairs, advertising campaigns and tours, such as Cancun and Treasures of the Caribbean.

The eventual goal is to formalize this combination of forces, unifying Cancun and the "Riviera Maya" as trademarks flag and without losing the identity, mission and vision of each destination. The result will be a consolidation as the leading destination in the Caribbean, a role which the area already holds as a more loosely unified region.

Besides increased tourist numbers as potential renters, another long term outcome will be an ongoing increase in investment.

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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