Cancun Real Estate Interview with Newest TOPMexicoRealEstate Member

TOP Mexico Real Estate is happy to introduce the newest expert to join from the Cancun real estate region, John deRotaeche.

Hello John,  please tell us a little about yourself…

1)                  Where are you from and how long have you been living in Cancun?

Orignally from St. Louis, MO and Chicago, IL USA I have had the great fortune of living and working primarily in Cancun and the Mexican Caribbean for over 16 years on a full time basis.  After completing my University studies at St. Louis University in Missouri and their Campus in Madrid, Spain I knew I wanted to live in a Latin American environment.  I came to Cancun originally as a SCUBA instructor and Operations Manager in February 1994.  I saw the tremendous amount of opportunity and growth in the Cancun real estate market.  With all of its natural beauty, a fabulous warm climate, wonderful fun loving residents from many parts of the world, I knew this was the place for me.   For the past 6 years I have been primarily focused on the ever growing Cancun market in the area of the Mexico real estate region.  Being one of a small handful of North Americans to complete the Mexico Real Estate diploma at La Salle University in Cancun it has given me a great amount of additional knowledge and a tremendous amount of contacts for this industry.

2)                  How have you seen the Cancun real estate market behaving in the past 6 months?

In the past six months we have seen numerous inquires for people looking for properties and many more closings with a lot of purchasers taking advantage of a strong buyers market.  Using more rent to purchase options and owner financing when possible this has provided a slightly great opportunity with the current more challenging situation of mortgage loans and tougher requirements for credit approvals.

3)       What part of Cancun do you see growing in the next five years?

Cancun is continuing to grow on the remaining areas of oceanfront and lagoon front providing greater access for nautical enthusiasts of every type.  As well inland as Cancun’s new areas continue to meet the demand of a growing population.