In the next two years, the real estate sector expects investments of over $300 million in Quintana Roo, largely due to public works carried out in recent years, including new and upcoming infrastructure.
Patricia Mora, president of the Mexican Association of Real Estate Professionals (AMPI) Cancún, highlighted that private real estate investments continue to grow in the state, with more projects announced in the Mexican Caribbean, although sales have dropped by up to 30% in recent months.
“Our country is one of the safest for investment, we have a stable economy, and investments will continue to flow into Mexico, especially Cancún and Quintana Roo. There are many projects, I don’t have the exact number, but they are consolidated,” she stated during the inauguration of the AMPI 2024 Forum.
She added that real estate projects will be built across all sectors and levels, from social housing to luxury beachfront projects. There are large single-family plots, second home projects, areas for apartment buildings, many still in planning, licensing, and permitting processes.
“In investment, it could be $380 million or more; we are talking about very large investments; our country is now the ideal place for investment due to our economic stability,” she affirmed.
Mora noted that around 90 projects are currently being developed in Cancún, all focused on complying with legal permits and regulations. The areas of highest demand are Colosio Boulevard, Huayacán Avenue, and the northern part of the city.
Regarding the Forum, she highlighted the attendance of about 600 people, international speakers, including the national president of AMPI, commercial stands for new projects, more sponsors this year, all related to this industry, which is the second-largest source of income in the state.
As reported by REPORTUR.mx, real estate fraud in Cancún remains a concern, affecting the destination’s image. Patricia Mora lamented that it is generalized, as most developers are doing things right.
Source: Reportur
