Real estate market: the Mexican Caribbean attracts Argentine investors

Real estate market: the Mexican Caribbean attracts Argentine investors

Puerto Morelos, located between Cancun and Playa del Carmen, has a thriving real estate market where eco-sustainable ventures stand out.

Located between Cancun and Playa del Carmen is Puerto Morelos, a picturesque fishing and artisan town in the Mexican Caribbean; With its rustic charm, its beaches lined with coconut trees and its vibrant community committed to sustainable ventures, this corner became one of the most resplendent jewels of the region.

According to a study by Rad, a company dedicated to the tourism and real estate industry in Mexico, in terms of real estate development, the investments They are led by Mexicans, followed by residents and investors from the United States (30%) and Canada (15%), who found in the Mexican Caribbean a strategic opportunity to diversify their assets.

Argentines invest in Mexico’s real estate market

In the Latin ranking, Colombia (55%), Argentina (35%), and to a lesser extent Chile and Peru (10% each) predominate. These are mainly people with high purchasing power, focused on building wealth, aged between 35 and 55 years.

According to data from the Quintana Roo Tourism Secretariat, the municipality receives more than 1.5 million visitors a year; The average hotel occupancy in high season reaches 80%.

Likewise, the hotel and commercial sector is also expanding, with the opening of new boutique hotels. According to the Institute of Statistics and Geography of Quintana Roo, Puerto Morelos experienced an increase in real estate investment of more than 35% annually, becoming one of the most attractive destinations for residential and commercial developments in the Riviera Maya, offering an average annual profitability of between 8 to 12%.

How much does land cost

Eco-sustainable residential land is offered from US$65,000. These developments are usually close to natural parks and close to cenotes and recreational areas. On the other hand, larger or more exclusive projects that include properties Larger ones or those with prime locations have average values ​​of between US$200,000 and US$300,000 depending on the available facilities and the development approach.

The second largest coral reef in the world

Puerto Morelos is the gateway to the Mesoamerican Reef, the second largest coral reef system in the world, surpassed only by Australia’s Great Barrier Reef. Located just three minutes from the coast, it is ideal for snorkeling and diving. With more than 50 species of coral and 500 species of fish, it is a key ecosystem that underlines the destination’s commitment to sustainable tourism. This reef attracts thousands of tourists annually and makes this destination a highly sought after one.

Source: Ambito

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