Published On: Wed, Jul 20th, 2016

Russians acquiring Cancun luxury residences

Share This
Tags

CANCUN — Cancun is becoming attractive for Russians who are buying luxury residences, mainly located in the hotel zone, which five years ago was not seen.

Russians arriving intend to purchase homes, and although this is not a segment that has been quantified, there are at least 12 applications, said James Tobin Cunningham, president of the Mexican Association of Real Estate Professionals (AMPI).

30% of purchases of residential and residential plus houses are foreigners, of which most are from the United States and Canada, in addition to Spanish and Latin Americans, except for Argentines who come mostly to rent.

Cancun luxury condominiums. (PHOTO: preferredrealestate.com.mx)

Cancun luxury condominiums. (PHOTO: preferredrealestate.com.mx)



“The market of Russians, we expect it to grow, as applications are increasing and they are looking for products that have spaces where they can spread out, go for a walk or shopping, so they choose Cancun as they are not interested in distant places like southern Quintana Roo,” said Tobin Cunningham.

The fastest growing area

The purchasing dynamic of Russians is on the rise, and one of the areas that will be an option is the Huayacán, as it is one of the fastest growing areas.

The Russian market is considered of high purchasing power that also likes getting familiar with the culture, thereby being one of the most important for tourism.

Until the first quarter they have reached nearly 2,700, according to the barometer made by the Association of Hotels and Puerto Morelos.

“Those who are not purchasing are the Brazilians, and we still do not know what the motives are, but we believe it is because they also have beaches,” Tobin Cunningham said.

Source: sipse.com

 

Mexico Travel Care

footer-john-2


Comments

comments

Displaying 12 Comments
Have Your Say
  1. Ricky Lies says:

    They’re not buying because they have beaches? Do you have any idea what has happened to the Brazilian economy? They just impeached their President and the Real is in the toilet. It’s not like this info is being kept secret.

  2. Bob Vetyuail says:

    Wow. Lol. Better English please

  3. Ricky Lies says:

    Just pointing out that Cunnimgham doesn’t have any idea who his market is. Is that ok Mr. Webster?

  4. Arnold says:

    I’m not certain the place you are getting your info, but good topic. I needs to spend some time studying more or figuring out more. Thanks for excellent info I used to be searching for this info for my mission.

    http://www.freewebsite-service.com/aurica/Life2Bin2Btown.php?id=931575&snavn=You+Must+Definitely+Be+Aware+Of+Great+Web+Pages

  5. Stepanie says:

    I am often to blogging and i seriously appreciate your content material. The post has actually peaks my interest. I am going to bookmark your web page and keep checking for new info.

    http://www.zone-d.de/blog/view/47836/an-extensive-introduction-to-local-roofers-is-it-that-essential-to-know-additional-information-about-this

  6. garageband free download says:

    It was actually great to read this article and I think you are 100 correct. Inform me if you are curious about download garageband free, that’s my main competency. I am hoping to see you soon enough, bye for now!

    https://creativemarket.com/riddlenylon6

  7. facetime android free download says:

    Admiring the time and effort you invested in your website and detailed info you present. It is wonderful to come across a site from time to time which is not the similar expired re-written material. Amazing read! We have bookmarked your webpage and I am adding the RSS feeds to my own facetime app for android website.

    http://bbs.fzuky.com/space-uid-978926.html

  8. Jean says:

    I do love the way you have framed this particular difficulty and it does give us a lot of fodder for thought. Nevertheless, from what precisely I have observed, I basically wish as the actual opinions stack on that people today stay on point and in no way get started on a soap box regarding some other news du jour. Yet, thank you for this fantastic piece and whilst I do not concur with the idea in totality, I regard the standpoint.

    http://felonspace.com/index.php?do=/blog/49538/modern-pest-control-the-concept/

  9. Linh says:

    Excellent beat ! I wish to apprentice while you amend your website, how could i subscribe for a blog website? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear idea

    http://fredm21737.skyrock.com/3282782986-Important-Information-About-The-Problem-Regarding-Home-Pest-Control.html

  10. quotes says:

    I personally arrived right here via another website on the subject of motivational words and considered I might consider this. I enjoy the things I see so I am just following you. Getting excited about exploring your website all over again.

    http://minmag.mining.kz/index.php?option=com_k2&view=itemlist&task=user&id=3428987

  11. you can look here says:

    I am really interested to understand what site platform you’re utilizing? I am experiencing several small safety difficulties with my most recent site dealing with best pick up lines ever and I’d like to find a thing a lot more risk-free. Have any suggestions?

    http://griefworld.su/user/switch4twig/

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>