Business Leaders from Quintana Roo’s Northern Region Attend Fitur in Madrid
Business leaders from Quintana Roo’s northern region, including Miguel Ángel Lemus Mateos, president of the Association of Real Estate Developers in Quintana Roo, traveled to Fitur, the International Tourism Fair in Madrid, Spain, to establish business connections.
Miguel Ángel Lemus Mateos: Showcasing Investment Opportunities
Lemus Mateos highlighted that the real estate sector is an export asset, as it attracts international visitors looking to invest in second homes or generate rental income. According to the Association, property value appreciation for mid-range and luxury properties in Quintana Roo’s northern region has seen an annual increase of 12% in Cancún, 17% in Puerto Morelos, and 15% in Playa del Carmen.
Thriving Real Estate Market in Quintana Roo
With nearly 1,000 active real estate projects concentrated mainly in Quintana Roo’s northern region, the high demand for high-end properties (over 14 million pesos) is evident. Mexican nationals are the primary buyers, with these projects generating approximately 142,000 million pesos annually, primarily in Quintana Roo’s northern region, including Cozumel.
- Project Concentration: The real estate market is thriving, with 30,000 units currently under construction.
- Cancún’s Real Estate Impulse: There are 220 ongoing mid-range and residential housing projects with average prices of 70,000 pesos per square meter, reflecting Cancún’s continued growth as both a hotel destination and a desirable place to live.
Carlos Javier Olvera: Emphasizing Mexico’s Growing International Tourism Presence
Carlos Javier Olvera, president of the Caribe Coordinating Business Council, noted that Mexico’s delegation at Fitur is extensive and robust, especially crucial as the country prepares to host the FIFA World Cup. He emphasized that promoting Quintana Roo’s real estate offerings is vital as Mexico’s international tourism sector continues to gain prominence.
