REASON TO INVEST IN THE RESIDENTIAL MARKET OF LA RIVIERA MAYA

In the last decades, Quintana Roo has positioned itself as one of the best states for real estate investments in Mexico due to its beaches, making it one of the favorite destinations for vacations and long-term living.

The south state has improved its public and private infrastructure, as well as increased its housing offer to satisfy the demand of tourists and foreigners that decided to establish themselves permanently in Quintana Roo.

According to the Reporte de Mercado Inmobiliario 2020 (2020 Real Estate Market Report) published by a renowned real estate website, Quintana Roo is the state in the south of Mexico that has a bigger participation in housing offer, divided in the following manner: Medium interest 39%, Residential 29%, Residential Plus 13% and Premium 4%. It is important to point out that vertical housing has a 70% preference over the horizontal offer.

Benito Juárez and Solidaridad are the cities with the biggest housing offer in the region because of their economic and touristic growth. Both places are characterized by its huge lots of land perfect to develop real estate projects and private communities closer to nature.

Nowadays, the real estate market in the Riviera Maya is in the buyer’s market phase – the perfect moment to find better opportunities in prices and conditions for investment – that combined with the low mortgage rate and payment facilities ease the transactions of the residential market while detonating the demand for Medium and Residential properties for those looking to invest in a personal patrimony.

Real estate experts of the region affirm that real estate investments in safe and rapid-growing places such as the Riviera Maya can generate ROI over 20% in the year following the acquisition. However, this highly depends on the location, property type and development reliability.

One of those experts claims that “developers should focus on creating projects offering certainty, surplus and reasonable ROI. This way, the zone can become a focus point for investors looking for alternatives to keep their capital safe and generate big ROI. The Residential segment is the most convenient because it’s the better valued, registering a larger assessment and stability in the real estate market due to its characteristics and aggregated value.”

The expert emphasized in the last aspects because of the pandemic effects in real estate markets. He states that those should be analyzed as opportunities since the real estate offer is depurating in a way that only developers with vision and capacity to adapt will prevail.

“In this new normal, the absorption and target market will be different than before. The last six months changed revenues, projections, business plans and our lifestyle. Quintana Roo is an ideal location for planned communities adaptable to a new world and a new normal due to its available land.”

Los nuevos modelos de planeación y construcción de proyectos inmobiliarios en la Riviera Maya tras la COVID-19 deben tener como objetivos proporcionar una mayor conexión entre sus habitantes y los servicios médicos, educativos y recreativos necesarios para una mejor calidad de vida; así como disminuir la distancia de los trayectos para evitar al mínimo el uso de transporte público, uno de los principales focos de contagio para la población.

The new planning and building models for real estate developments in the Riviera Maya after the COVID-19 crisis should have as objectives to provide a better connectivity between the residents and the required health, education, and recreational services for a better life quality; as well as to shorten the distance of the journeys to use public transportation to a minimum, one of the main sources of contagion for the population.

Nowadays, there’s a trend of changing lifestyle because people are leaving big urban centers to move to open spaces characterized by a great life quality, security and calm environment. There is a big increase in the demand of housing and long-term population in the cities of Solidaridad and Benito Juárez.

It’s also planned that Playa del Carmen will increase its surplus with the federal project Tren Maya (Mayan Train), a solution to the connectivity issues in the area.

The Riviera Maya has an excellent aerial connectivity with other cities in Mexico such as Mexico City, Toluca, Querétaro, Puebla, Guanajuato, Guadalajara, Zapopan, Zacatecas, Durango, Gómez Palacio, Torreón, Saltillo, Monterrey, Chihuahua, Tampico, Tijuana, Mexicali, Hermosillo, Obregón, Los Mochis, Culiacán, Mazatlán y Tepic.

Keywords: real estate investment Riviera Maya, Riviera Maya, residential investment Rivera Maya, Quintana Roo, real estate market Riviera Maya, real estate developments Riviera Maya.