The real estate sector in Yucatan is undergoing a period of stabilization following several years of sustained growth, driven primarily by national and international macroeconomic factors.
According to Iván Cervera López, president of the Association of Real Estate Professionals of Yucatán (AMPI), the market’s peak has been reached after nearly seven years of continuous growth. As part of the normal economic cycle, the sector is expected to experience a moderate decline following its stabilization phase.
“The years of great prosperity are over,” Cervera López stated. “However, despite the current situation, the sector remains healthy and has favorable prospects for the end of 2025.”
The real estate leader noted that sales slowed down in 2024 but picked up pace again in the first quarter of 2025, closing positively. He attributed this to the natural maturation of the market in the state.
Cervera López emphasized that although sales have decreased compared to previous years, transactions are still taking place, which is a positive sign for the sector. “We are not at a standstill,” he added.
Regarding the rest of the year, Cervera López expects the situation to continue to gradually improve and for the first half of the year to close better than the first quarter.
Risk of Fraud in Unlawful Purchases and Sales
One of the challenges facing the sector is the lack of certainty about how many people are dedicated to the real estate industry in Yucatan. Cervera López estimated that between 15,000 and 20,000 individuals participate in the purchase and sale of real estate, ranging from part-time professionals to full-time ones.
The state registry is working to streamline the list, but Cervera López noted that the AMPI has made efforts to strengthen its role as a training and oversight body. The association has established a robust training center with courses taught by experts, aiming to alert the public about the risks of transactions without professional support.
“The victims are often the buyers, who put their assets at stake,” Cervera López warned, emphasizing the importance of working together to combat malpractice and ensure the integrity of the sector.
As for the participation of foreigners in the real estate market, Cervera López noted that they have always been part of the local ecosystem and mostly serve their own communities. “They haven’t affected the market,” he said, adding that foreigners often operate with a culture of doing things right, despite sometimes navigating gray areas due to unclear regulations.
Source: Diario de Yucatan
