Cancun real estate summit results in millions of dollars in new investments
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.