Cancun is the top tourist destination in Mexico with millions of tourists from the US and all over the world descending on the beaches of Cancun every year. With such a high profile, it’s no wonder that there is much demanding in buying real estate in Cancun.
Whether it’s retired US citizens searching for real estate to live in, or people intending to purchase investment real estate in Cancun, demand is definitely high.
With such a strong status as a renowned tourist destination real estate prices in Cancun are as secure as anywhere else in the world as there is no foreseeable scenario that could take place that would make prices of real estate in Cancun to drop permanently.
Despite its position as the premier tourist destination in Mexico, it is still possible to get good deals on real estate in Cancun. This applies whether you are looking to buy real estate that is already built or if you are planning to invest in one of the many new real estate projects going up throughout Cancun.
Cancun has so much to provide by way of lifestyle that investing in real estate in Cancun actually does seem like a smart move. Aside from the beautiful weather, sandy white beaches, clear blue sea, amazing five star hotels equipped with world class restaurants and clubs, Cancun is also only a short drive away from the Costa Maya where you can escape to tranquil, almost deserted beaches or walk around in unaffected rich jungles with underground rivers.
There are also numerous ancient archaeological sites located only a couple of hours drive away from Cancun.
Prices of Cancun real estate depend largely on their exact location. Beach front properties tend to command the dearest prices, while the more inland you go the more affordably you can find real estate.
During the past few years, beach front residential real estate has increased in value as much as 20% in some cases while the average tends to be around 12%.
If you are looking for investment real estate in Cancun then the best profits to be had can be obtained if you purchase in the pre construction phase. If you sign a contract with reliable real estate developers you stand to gain a lot more from the appreciation in value of your real estate.