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.
“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.
more recommended stories
UNAM scientists develop chemical formula to preserve corpses without refrigeration
Scientists at the National Autonomous University.
Mexico: among the Top 6 countries with the Best Healthcare in the world
Mexico’s outstanding combination of great weather,.
Enter to Win a Dream Destination Wedding in Mexico!
Grupo Vidanta, the leading resort and.
Jungle set on fire to build real estate project in Puerto Morelos, Quintana Roo
Puerto Morelos.- 12 hectares of forest.
Isla Mujeres makes the Travel+Leisure Top 5 island destinations list
The island came in third place.
AMLO’s $7.4 Billion USD Tourist Train Threatens Fragile Ecosystem (Bloomberg)
One day last December, Mexican President.
Pre Hispanic Mexico, the ultimate trip for the solo traveler
Sceptical of this kind of travel,.
Two tourists kidnapped in Cancun’s hotel zone… One has been found
CANCÚN Quintana Roo (Times Media Mexico).
Oops…! he tweeted again.
WASHINGTON D.C. (Times Media Mexico) –.
Uxmal reveals new secrets
SANTA ELENA Yucatan (EFE) – Uxmal,.