The Caribbean is an important tourist area for the country, so real estate investment has grown in recent years thanks to the tourism sector. More and more foreigners are looking to visit and acquire a property in this area, as well as nationals from other states.
The increase in vacation rentals in the main cities of the Caribbean drives the economic growth of the state and the real estate sector, thanks to platforms such as Airbnb and Vrba, among others.
Likewise, there are more companies of international stature that seek to expand and open offices in this area. The commercial sector is one of the most benefited, in addition to improving the quality of life of the inhabitants and increasing the sources of employment in the state.
In this article Blue World City will talk about the reasons why investing in the Mexican Caribbean is one of the greatest opportunities to do business in the real estate sector with industrial and commercial land.
Reasons to invest in the Mexican Caribbean
Undoubtedly one of the main reasons that drives investors and entrepreneurs to invest in real estate in Quintana Roo, is the considerable economic spillover that allows generating high profits.
The reasons to invest in Quintana Roo are many, however, we will mention the most important ones, for which buying a property in this state is the best investment you can make to protect your capital from inflation and financial bubbles, since the real estate is a stable and secure market.
The Mexican Caribbean is located to the south of Mexico and extends throughout the state of Quintana Roo and the southeast of the Yucatan Peninsula.
In addition to tourism, its location allows import and export activities, thanks to the fact that it is in a suitable location near the Gulf of Mexico and the United States, as well as Latin America.
In addition to this, the Cancun International Airport connects the rest of the country and the world with the main cities of the Caribbean, since it is one of the most important in Mexico and receives the most traffic.
The Riviera Maya and Cancun are world-class tourist destinations, considered paradises on earth. Both its location and its tropical climate allow the extensive development of the area in economic matters and, above all, real estate.
In real estate issues, location is a key factor in increasing a property’s equity, and with the many attributes that the Caribbean enjoys, investing in this area is a safe bet, both for companies and entrepreneurs.
Tourism is one of the main economic activities of the state, and this is because the white sand beaches with turquoise waters of the Caribbean fall in love with anyone who visits them.
The mysticism that surrounds the traditions and culture of the region is a key factor, since the Mayan culture is lived to the surface and the various activities that can be carried out in the area involve elements that enhance it.
An example of this is the great economic benefit that has its origin in the multiple aquatic activities that you can do, from swimming in the sea, to diving in the coral reefs. The rental of equipment and hiring of tours is an important source of income for the tenants.
The Caribbean includes the most important tourist destinations in the country, which are:
- Carmen beach
- Women Island
- Conroy Island
We can also mention Puerto Morelos – a fishing village with interesting attractions – and Grand Costa Maya made up of: Chetumal, Bacalar and Mahagua.
These destinations welcome millions of visitors each year, boosting the state’s economy and fostering local commerce.
The Caribbean has countless natural and tourist attractions in addition to its beaches, such as archaeological zones, cenotes, exclusive beach clubs located in the hotel zone, restaurants, bars and much more.
The government of Quintana Roo is aware that, to maintain the high rates of tourist influx, it must allocate a significant amount of the state budget to improve and strengthen public services.
Thanks to the fact that the Riviera Maya and Cancun are relatively young areas, the infrastructure is more modern than in other states; Furthermore, with the arrival of new companies and the creation of more businesses, it is expected to satisfy the needs of visitors and residents.
The improvement in the infrastructure of the cities that make up the Mexican Caribbean considerably increases the capital gain of the area, making real estate investment more profitable than in other places.
Among the improvements in which it has been invested is the investment of 1,500 million pesos, whose objective was to return to Quintana Roo the state with fast internet through fiber optics.
The high number of visitors that the beautiful Caribbean beaches attract ensures constant growth, as the flow of tourists keeps the local economy in constant motion.
This provides new business and employment opportunities, in order to offer the best products and services, both to locals and foreigners.
This growth is due – in part – to the high numbers of Foreign Direct Investment in the state of Quintana Roo, since the beginning of 2019 an investment of 2 billion dollars was announced during the period 2019-2021 , which augurs a good forecast for years to come.
The fact that foreigners can acquire a property in Mexico encourages the economic and real estate growth of the state, for which changes have been made in the regulations that facilitate the pertinent procedures for this to be carried out.
It might be thought that since it is a privileged area with high added value, it is expensive to acquire land in Cancun or Playa del Carmen, however, the prices are more accessible than in the center and north of the country.
The square meter of land, being cheaper, offers the possibility of acquiring more than one lot or land that allows you to diversify your investments, or in any case, a larger budget for building a business.
In addition, the offer of properties is more varied, since being a young area, there is still a lot of space to grow and develop new residential, commercial and industrial areas.
The northern and central areas of the country are struggling to meet the demand for well-located land, since they are already saturated areas.
The real estate sector in southeastern Mexico still has much to offer with land in prime locations at competitive prices for various types of business and industry.
Current economic outlook
Arturo Herrera Gutiérrez – head of the Ministry of Finance and Public Credit (SHCP) – declared that the state of Quintana Roo is part of the pillars of the economy and economic growth of the country, since since 2013 there has been an annual growth of at least 3.1% in financial matters, which was an important warning for investors interested in this region of Mexico.
Financial specialists – including Banco de México (Banco) – estimate that the national economy will reach 6.5% progress by the end of 2021 , which augurs good figures for 2022.
Although the COVID-19 (coronavirus) pandemic affected the world economy, especially sectors such as tourism, the economic reactivation is on the right track, so places like the Riviera Maya are adapting to the new sanitary measures that allow to receive the largest possible tourist flow safely.
Among the sectors that participated in the first stage of economic reactivation in the country is the real estate and construction sectors, because their importance as a pillar in the Mexican economy is recognized.
As the vaccination process progresses in the country, it is possible to extend hours and expand the occupancy capacity of hotels, theaters, cinemas, restaurants and other customer service businesses.
As well as large real estate projects such as the Central de Anastos de Quintana Roo based in Playa del Carmen, which will be the largest in the state.
We can say that the economic outlook maintains encouraging figures to end the year with a good rhythm, and that 2022 will arrive with a greater number of investment opportunities.
Real estate investment in the Caribbean
As we have seen, important cities make up the Caribbean, however, among those that contribute the most to the state GDP are Cancun and Playa del Carmen, which position as the favorites for tourism above Tulum and Puerto Morelos.
Cancun is a city with an ideal location for real estate development, thanks to the fact that it has a first-rate infrastructure that includes an airport, bus station, highways, boulevards, streets in good condition and public lighting.
In addition, the excellent quality of its services and amenities makes it a desirable city for investments. For this reason, world-class forums, congresses and events are constantly being held that attract the attention of entrepreneurs and investors.
On the other hand, the land for sale in Playa del Carmen is the best option to carry out different types of commercial businesses, because in addition to being an internationally known city, its famous Fifth Avenue becomes an ideal for many who want undertake or expand to this place.
Get to know our developments in the Mexican Caribbean
Currently we have 4 real estate developments of commercial lots in the best areas of Cancun and Playa del Carmen, ideal for any type of business.
Bazar Cancun Park
Located in the heart of the La Joya subdivision, Parque Bazar Cancún is a development that has a total area of 1,388.11 square meters, and comprises 4 commercial lots of approximately 300 m² each.
Among its main features are:
- Strategic location.
- Access from the main avenue.
- Lots ready for construction.
- High capital gain area.
- From $ 2,790 MXN per square meter.
Bazar Park Playa del Carmen
Parque Bazar Playa del Carmen is a project of high value commercial lots, which has an area of 5,347.61 square meters and comprises 20 lots of 265 m² each. These lots are ideal for the construction of commercial premises, convenience stores, tourist inns and more.
Among its amenities are:
- Access from the main avenue.
- Strategic location just 15 minutes from the beach.
- Low investment cost.
- Easy access.
- Lots ready for construction.
- Completely urbanized area.
- From $ 2,500 MXN per m².
Triangulum is a large investment lot located in Playa del Carmen, perfect for commercial uses, especially vertical construction.
This development comprises more than 1 hectare of multiple uses in Zona Diamante. Its total area is 11,019 m².
Among its main features are:
- Strategic location surrounded by 3 golf courses.
- Near the famous Fifth Avenue, one of the main tourist places in the Mexican southeast.
- Ideal for commercial businesses, and for offices.
- Ensure your return on investment in the medium and long term, thanks to its high tourist influx.
- Competitive price of $ 380 USD per m².
Gran Via is by far one of the best commercial projects in Playa del Carmen. It includes 7 commercial lots with high added value, in an excellent location, which allows taking advantage of the high tourist influx of the city.
This development has a total area of 5,967.55 square meters, approximately 800 m².
Among the amenities of Gran Via, the following stand out:
- A few minutes from the beach.
- Strategic location in a commercial area.
- On the federal highway Playa del Carmen-Cancun.
- Services and urbanization.
- Access from the main avenue.
- Ready for construction.
- From 400 USD per square meter.
Playa del Carmen and Cancun, the best investment options
Without a doubt, the cities in the Mexican southeast that have the greatest impact on the real estate sector are Playa del Carmen and Cancun —as well as Mérida, Yucatán— thanks to the privileged location they enjoy on the shores of the Caribbean Sea.
At BMF Inversions we have more than 25 years of real estate successes backed by market studies. Get to know our developments with industrial and commercial lots in the best areas of the Mexican Caribbean.