henever you mention appeal to both tourists and
Mexico, one of the first property investors. This region
places that springs to is the place to be for those
mind is Cancun. looking for state of the art
facilities and some of the most
This is hardly surprising, as dynamic nightlife in the country.
Cancun has grown over the last As well as the modern facilities,
few years and is now recognised there are some stunning beaches
as a power to be reckoned with in that boast unrivalled surfing and
the global marketplace. Cancun other water sports such as
has enjoyed considerable sailing and scuba diving.
investment from a range of
sources, including industry and Cancun is actually an island off
tourism. the coast of Mexico. However, the
substantial bridges connecting
As one of the leading cities in the island to the mainland mean
Mexico, it is unsurprising that that this island is connected at
there are plenty of people both ends and the links make the
considering investing in Cancun area entirely accessible to both
property. Cancun has also permanent residents and tourists.
attracted plenty of investors
over recent years as, unlike the Investing in property in Cancun
more remote parts of Mexico, it is relatively new, particularly
has a well-developed transport as the island only really started
and communications structure, to develop in the late 1960s,
making property in this city less with tourism really starting to
of a perceived risk than other take off in the 1980s. As a
more remote areas. tourist destination, Cancun has
really boomed in the last five
There is no denying Cancun’s years, causing property prices to
grow by nearly 50 percent, in
some of the more popular parts of New build apartments are
the island. generally considered a good
investment, with solid capital
In fact, the tourist industry in growth and an ever increasing
Cancun has grown so rapidly that number of tourists travelling to
there is now a widely recognised the region. These trends not only
‘Hotel Zone’ with more than promise good capital growth but
20,000 hotel rooms, most of which also strong rental yields of
are fully booked during the high around 6 to 10 percent, annually.
season.
Although hotel rooms are very Apartments are available from as
popular, there is increasing little as 100,000 US dollars,
demand for self-catering with larger villas available for
apartments and quality around 150,000 US dollars.
accommodation for independent
travellers. Airlines are becoming There is also considerable
aware of the popularity of Mexico development opportunity in and
and as a result there are now around Cancun, with land
plenty of flight choices for available at really reasonable
visitors, thus further increasing prices, allowing more ambitious
the popularity of self-catered investors the opportunity to plan
properties. and build their own property or
even apartment block!
Although the self-catered market
has grown rapidly, it still Cancun is very much on the up and
centres largely on the beach is hugely attractive to tourists,
apartments that are close to the worldwide, making this a real
tourist amenities. property hotspot!
About the Author:
Providing essential information on buying property abroad, Tem Pearson is dedicated to offering all the necessary information for people looking to buy property in different countries. Visit www.buying-property-abroad.info for all the best info.
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