Cancun's Real Estate Market Poised for a 20% Surge
Cancun's real estate market is expected to surge by 20% due to government investment in the tourist corridor. Experts warn of potential risks if development is not managed sustainably. They recommend seeking advice and prioritizing infrastructure planning.
In the next few years, real estate in Quintana Roo's burgeoning Cancun-Costa Mujeres tourist corridor is set to experience a remarkable surge in value. Appraisers from the College of Appraisers of Quintana Roo project a 20% increase in property values, thanks to robust investments by the State Government and the Federation. However, experts caution that this growth will depend heavily on how well complementary development projects are integrated with the area’s sustainability efforts.
Kristhian Guillermo Hernández Rendón, president of the College of Appraisers of Quintana Roo, emphasizes that while this rise in value is promising, it will only manifest over the long term. Critical to achieving this growth, he adds, is the successful alignment of additional projects aimed at enhancing infrastructure and environmental sustainability.
