The real estate sector in the Riviera Maya is consolidated as a privileged destination for investors due to the rapid economic recovery due to the high demand of visitors to this tourist paradise, only from the week of November 5 to 11, 2022 more than 400 thousand Tourists visited Quintana Roo, corresponding to 1,929 flights to the international airport of Cancun, 726 national and 1,203 international, according to data from the state Ministry of Tourism.
Investing in this destination is a great opportunity for investors because they also have the possibility of insuring their real estate investment in dollars, in addition to the fact that vacation rentals represent a safe business model since it allows turning the property into a fixed asset that generates liquidity. One of the main benefits of investing in real estate is its varied way of obtaining income, coupled with the fact that vacation rental management is more profitable due to short occupancy periods and high demand.
Under this scenario, foreign capital investors have shown great interest, coupled with the fact that this destination is the second best tourist destination in the world according to FORBES magazine, ranking above Istanbul and New York, attracting 70% of tourists. and foreign investments that arrive in Mexico. In the face of this growing demand for hotel occupancy and vacation rentals, investors today are pouring more and more billions of dollars into real estate, from Thor Equity Group’s $235 million investment to more than $1 billion in investment from OHL, and the announcement of an investment of $800 million last year by Dreamworks.
Likewise, approximately 10 minutes from the Cancun International Airport, the shopping center named “futuristic square” is being built, with an approximate investment of 3 billion pesos, by Gicsa and Liverpool. The complex has a space of 90 thousand square meters, with 185 business partners. Likewise, it will have a wide range of gastronomic offers and experiences such as an ice rink, a hot air balloon, an artificial lake, climbing walls, go-karts and even a beach club.
It should be remembered that Fibra Uno (Funo), the first real estate investment trust, diversified into industrial, commercial and office, reported increases of 8.9% in its total income and 9.4% in net operating income (ION) in the first quarter of 2022 (1Q22), compared to the same period last year. It informed the Mexican Stock Exchange that its income amounted to 5 thousand 849 million pesos, and the ION to 4 thousand 616 million pesos, which made progress due to the 1.1% increase in the Gross Leasable Area (GLA) and the growth of 10 base points in the occupancy rate of its properties, which reached a level of 92.6 percent. On the other hand, operating funds grew by 15.8%, to 2 thousand 385 million pesos compared to the first quarter of last year.
Undoubtedly the real estate sector, despite last year’s fall, at the end of this last quarter there is a clear economic recovery in the commercial, real estate and tourism sectors in the state of Quintana Roo. This recovery is clearly reflected in the analysis of the report of the National Institute of Migration (INM) of the Ministry of the Interior, which reported that it registered the admission of 377 thousand 903 people to the state of Quintana Roo by air, sea and land, during the first days November (1,280 flights entered by air from the United States, Canada, Colombia, the United Kingdom, Mexico, Argentina, Germany, France, Peru, Spain; Belize, the United States and Canada by land; and the United States by sea , Philippines, Indonesia, India, Canada, United Kingdom, Brazil, Mexico, Italy and South Africa). The dependency indicated that it attended an average of 53 thousand 986 admissions per day since from November 8 to 14 an average of people entered the entity according to the following:
- 202 thousand 287 people by air
- 163 thousand 943 by sea, and
- 11 thousand 673 terrestrially
Given this growth trend, making a real estate investment in the Riviera Maya becomes a low-risk, high-return operation, as it is one of the most popular vacation destinations in the world.
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