Buying Real Estate in the Cancun Area

Investing in Cancun Real Estate

As you might expect in one of the world's favorite resorts, real estate in Cancun is popular. Over 3 million tourists a year come to the area, and that number is said to be increasing by about 3% a year. The popularity of this area is very likely to continue. Does investing in the future of the Cancun region appeal to you? If so, look at the real estate offerings.

The business of real estate in Cancun has some features that will make it seem familiar. There is a multiple listing service. Some of the company names will be familiar: Century 21 and RE/MAX have offices there. Some of the properties are offered with financing, rare in most of Mexico. Prices may be listed in dollars or in Euros.

Much of the action is outside of Cancun, too, going along the coast in what's called the Maya Riviera. Areas that were sleepy fishing villages a few years ago are building up.

As soon as you start exploring what's available in Cancun, you will likely notice that condos are offered on a time-share basis, often for two or three weeks. Find out about occupancy rates and how they affect your costs. Do some arithmetic and see how your costs would compare with staying in a hotel. In general, time shares are a better investment for the builders than for the people who buy them.

There are many other kinds of real estate investments too. Apartments, houses, villas, townhomes, hotels and other commercial properties are all offered. In land, you can find residential or commercial lots, including beachfront lots suitable for building hotels.Whatever your tastes in Cancun real estate, it's out there!

If you are looking for an inexpensive bargain or a secluded spot likely to remain quiet, you will do better elsewhere in Mexico. See also my page on Mexican real estate for an overview of buying in Mexico... and here's a link to a page I found about the legalities of buying real estate in Mexico.