Cancun has seen exponential growth both as a tourist destination and as a city in the past 45 years. Back in 1970, when development started in Cancun, there were only three residents, they were the ones who took care of the Coconut Plantation. At the very beginning, investors were reluctant as the place was rather unknown, so the Mexican government financed the first few hotels to be built in the beautiful coast in 1974. From then on, nothing would stop Cancun.
Soon after, investors started pouring in wanting to own and benefit from a slice of paradise. From 1974 onwards, the virgin land of Cancun became an integrated and planned resort destination, growing from north to south and east to west. Today, Cancun is home to a population of over 700,000 – most of which are originally from Yucatan and other areas of the country. The once fishing village, now mega city of Cancun has managed to stay in the top 10 most visited destinations in the world for a decade. If you’re guilty of helping it keep its place, then it might be time to invest in a home in the gorgeous Mexican Caribbean.
Due to its amazingly fast growth and the touristic attention it receives, Cancun is valued as one of the worthiest touristic destinations of Mexico and the Caribbean. Because of this reason, Cancun real estate is one of the most sought after in the whole country…and with good reason! Not only do you get to invest in a beautiful destination and enjoy some paradise beaches, but because of the destination itself, many of these properties are easy to rent throughout the year, generating a great profit for the owners.
Cancun real estate is divided in two areas: the Cancun Downtown area and the Hotel Zone area. While both are very attractive, the real estate found on the hotel zone strip is more attractive to foreign investors due to the views, proximity to the beach, and general “expat feeling†all around. Like everywhere, you can find properties at every price, but most will range between 100 and 300 thousand USD.
The hotel zone is built around the tourist industry. Filled with hotels, restaurants, beach clubs, attractions, and an amazing nightlife, the area is perfect for finding all the commodities of a modern lifestyle in a luxury zone. The Downtown area of Cancun is huge – here you will find hospitals, supermarkets, smaller hotels, restaurants, bars, and many more things not necessarily targeted at tourism, but at the local people.
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Most properties are condominium complexes – although there are still many single family homes scattered throughout Downtown-, developments that have attracted millions of dollars in investment yearly, and that are perfect as a personal investment. As the city continues to grow and bring millions of visitors every year, the value and worth of properties grows with it. Investing in Cancun is safe bet for both nationals and foreigners.
Because most developments now function as condominium complexes, properties (mainly condos) offer great amenities to residents. In most, you will find common and green areas, a pool, and some will even feature gyms; if you invest in a condo-hotel you will also enjoy a concierge service, a reception area, and other unique services that make your home a five-star resort.
The added bonus to investing in a property in Cancun is everything you get. From the beaches, to the beautiful archeological sites, the great lagoon, the proximity to the main Yucatan cities, and the amazing year-round tropical weather. You can’t lose in Cancun.
From vacation homes, to retirement homes to full-time permanent homes, Cancun will have what you are looking for. Top Mexico Real Estate is a proud American-owned, locally-based company, leading expert in real estate sales in the Riviera Maya. Our website features thousands of Cancun real estate listings for you to browse through and find your perfect paradise home.
If you want to make this amazing – architecturally and culturally – city your home, feel free to contact one of our Top Buyer’s Representatives who will gladly help you browse through the many options and guide you through the process of becoming a homeowner in paradise.
And remember, here at Top Mexico Real Estate…
We Make It Happen!
