“Tulum Dominates Real Estate Market in Quintana Roo, See the Hottest Investment Trends!”

The Cancún-Riviera Maya corridor in Mexico has seen a surge of real estate activity in the first four months of 2024. A total of 551 real estate projects, equating to 42,000 homes, have been completed, primarily in the residential and high-end residential sectors.

According to a report by Softec, the housing market in the Cancún-Riviera Maya corridor has been particularly dynamic. Apartments are the most popular property type, leading the market in sales. Tulum is the most sought-after location, boasting 284 projects.

Cancún follows with 122 projects, 60 of which are in the south polygon, the most significant area. Playa del Carmen has 113 projects, while Puerto Morelos has 18. The remaining projects are located in Isla Mujeres and Cozumel.

The current market is heavily focused on high-value housing. Of the total projects, 243 are priced above three million pesos, offering 13,000 units. The high-end Residential Plus sector, with prices exceeding eight million pesos, has 235 projects, providing over 11,000 units.

The best-performing projects in terms of sales are Jardines de Ciudad Mayakoba, Palmas Turquesa Privada Kentia, and Puerto Maya Stage III. These projects report average monthly sales of 17, 17.2, and 14.8 units, respectively.

Prices per square meter in the northern plaza of Quintana Roo range from 9,626 to 254,705 pesos, with an average price of 61,000 pesos. Apartments are the most popular, with 31,000 units available. Horizontal condominiums follow with 5,596 units, and standalone houses account for 3,937 units.

Despite the positive real estate dynamics in the state, the market has seen a slight decrease compared to 2023. Last year, there were 559 projects and an offer of 44,000 units, slightly more than the current year.