CANCUN — Based on the number of sponsors and given the participation of Americans in the sixth “AMPI International Real Estate Summit Cancun 2016”, expectations for investments up to $30 million dollars were surpassed, said Wexford James Tobin Cunningham, president of the Mexican Association of Real Estate Professionals (AMPI) in Cancun.
“No final numbers yet, but no doubt this figure will be exceeded, since the participation, particularly from the US, exceeded our expectations, and the beginning of all this, when we started doing numbers, was based on that, the number of sponsors and participants from abroad, and as the two are exceeded there is clarity that we’ll be up in the numbers projected,” he said.
Regarding the participation of the US market, he said that what they’re doing is coming to the Summit to search and analyze, making connections and seeing who their notaries will be, so the event accomplishes what it’s meant to do.
“At least four developers already have business with people in North America, and began to make purchase requests”, he said.
Cunningham said the expo was a success. The real estate sector is having a major boom. Cancun has registered growth on a 26% rate annually, according to their indicators.
“There is legal certainty to invest, the authorities take a very active role, in fact the subject of certainty is no longer an issue, everyone complies with their role and that makes things defined”, he said.
more recommended stories
Japanese delegation comes to Mérida to strengthen bilateral relationship
The project of the Chicxulub crater.
First house entirely made of Sargassum built by Mexican inventor in Quintana Roo
PUERTO MORELOS, Q. Roo, September 20,.
Protests in Homun, Yucatan against the opening of mega pig farm
On Friday September 21, the conflict.
Day of the Dead Parade Mexico City, three years stunning the world
For the third year in a.
Viva Aerobus announces new direct flights between Cancun and the U.S.
Viva Aerobus, the ultra low cost.
Vessel control centers urgently needed in Quintana Roo
“A control center like the one.
Photographic festival coming to Mérida in November
For the first time, the Mérida.
Trump demands a border wall but many congressional Republicans just not into it
WASHINGTON DC – President Donald Trump.
Mexico analyzing U.S. proposal on deportation funding
MEXICO CITY (Reuters) – Mexico’s government.
López Obrador promises an extra 10 billion pesos for earthquake recovery
President-elect Andrés Manuel López Obrador yesterday.