Looking for Cancun real estate for sale? Want to know about real estate agents in downtown Cancun? Our guide gives you information on budgets, gated communities, rental and much more.
Cancun is the top tourist destination in Mexico with millions of tourists from the US and all over the world descending on the beaches of Cancun yearly. With such a high profile, it’s no wonder that there is much interest in buying real estate in Cancun. Whether it’s retired US citizens looking for real estate to live in, or people wanting to buy investment real estate in Cancun, demand is definitely high. With such a strong status as a well established tourist center real estate prices in Cancun are as secure as anywhere else in the world as there is no foreseeable scenario that could occur that would cause prices of real estate in Cancun to drop permanently.
Real Estate Attraction in Cancun
Despite its position as the premier tourist destination in Mexico, it is still possible to get good deals on real estate in Cancun. This applies whether you are looking to buy real estate that is already built or if you are looking to invest in one of the many new real estate projects going up all around Cancun. Cancun has so much to offer by way of lifestyle that investing in real estate in Cancun really does seem like a smart move. Apart from the beautiful weather, sandy white beaches, clear blue sea, amazing five star hotels complete with world class restaurants and clubs, Cancun is also only a short drive away from the Costa Maya where you can escape to tranquil, almost deserted beaches or walk around in untouched rich jungles with underground rivers. There are also several ancient archeological sites located only a couple of hours drive away from Cancun.
Cancun Real Estate Prices
Prices of Cancun real estate depend largely on their exact location. Beachfront properties tend to command the highest prices, while the more inland you go the more cheaply you can find real estate. Over the past few years, beachfront residential real estate has appreciated as much as 20% in some cases while the average tends to be closer to 12%. If you are looking for investment real estate in Cancun then the best returns to be had can be obtained if you buy in the pre construction phase. Provided you enter a contract with reputable real estate developers you stand to gain a lot more from the appreciation in value of your real estate.