AMPI highlights an increase in Real Estate investment for Quintana Roo

Tourism in Cancun and Quintana Roo continues to grow, with new hotels coming on line in Latin America's busiest tourist destination. (PHOTO: luxuriousmexico.com)

According to data from the National Association of Real Estate Professionals, between January and April 2021 there were 91 million dollars of capital injection in the sector.

Cancun, Quintana Roo, (December 17, 2021).-  The Institute for the Development and Financing of the State ( Idefin ) announced that according to data from the National Association of Real Estate Professionals ( AMPI ), it identifies that between January and April of this year there was an investment in the sector of more than 91 million US dollars, 67.2 million more compared to the same period last year.

Within the trends that have been observed as of 2020, 70% of the participation is registered in the offer in vertical housing while only 30% is committed to horizontal housing, giving priority to the offer of amenities and recreation spaces.

Bernardo Cueto Riestra, director of the institute, announced that based on the new real estate demand that exists, different developments and investors continue to select the heart of the Riviera Maya, Playa del Carmen and Cancun as the ideal destinations for the execution of their projects .

“Such is the case of the Kalena District, Woha, Shark Tower, Lausana Residencial, among others; Many of these are comprehensive mixed-use projects that contemplate different components within their real estate projects: housing, lodging, education, medical area, corporate and commercial spaces; all of them contemplate an approximate investment of more than 1,300 million dollars, as well as the generation of more than 10,000 direct and indirect jobs ”, he stated.

Reactivation

The official added that this is a sign of the frank reactivation in Quintana Roo , with various sectors such as real estate , corporate and industrial that are emerging in the state through projects in execution that will generate a greater labor supply and economic spillover in the entity.

He gave as an example the fact that already in the second half of this year the entity closed with more than 160 million dollars of investment, which exceeds everything captured in 2020, but in the second half of the year they have continued to land injection of capital of major brands such as Hard Rock and AM Resorte, among others, that anticipate a significant increase in year-end totals that would bring the state closer to its all-time record registered in 2016, when it exceeded $ 600 million in foreign direct investment.

Specifically, the state already officially accounts for the opening of four new hotel complexes located in the south of Quintana Roo , which together add more than 33 million dollars in private investment and 1,820 direct jobs.

Source: El Economista



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