Playa del Carmen, Q.R. – Driven by tourism, four regions of the country have seen a sharp increase in the sale of beach homes, a figure that is contrary to the overall national sale of homes throughout the country.
According to Realty World statistics, home sales in tourist areas including Riviera Maya have seen an increase. Nationwide, the volume of housing sales fell 5 percent on average during the first 11 months of 2016, while tourist regions experienced sale increases. States benefiting from the increase are Oaxaca, Chiapas and Quintana Roo.
The brokerage firm reported from January to November 2016, Oaxaca house and apartment sales grew 43.3 percent, compared to the same period of 2015. In Chiapas, 29.8 percent and in Quintana Roo home and condo sales grew 13.6 percent. Sales also increased by 8.1 percent in Campeche.
Claudia Velázquez, operations director of the Softec Real Estate Consulting Firm explained, “There have been favored conditions for the competitiveness of these holiday places to grow especially with respect to other investment alternatives such as the Stock Exchange that can be perceived as more risky. With real estate investments, there are schemes that allow you to have your rental property a part of the year and rent it to generate income when you’re not using it.”
Jorge Paredes, CEO of Realty World, said that Quintana Roo is very interesting for the foreign investor. “To come and buy a home in a paradise like Cancun is very attractive because people from Europe or other parts of the world are looking for a house for recreation. In addition, the fact that the currency has been depreciated has been an incentive, as demand has grown.
In regions of tourist areas such as Cancun, Playa del Carmen, Yucatan, Mazatlan and Puerto Vallarta, we are called upon because people want to invest in a real estate franchise,” he added.