Select Riviera Blog

Riviera Maya and Its Development

  • Admin
  • Nov 13 2020
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The Mexican Caribbean has been alluring tourist development since the mid-1970s when the National Fund for the Promotion of Tourism (FONATUR) was created and the development of the Mexican Caribbean was given a boost with the development of the city of Cancun in the state of Quintana Roo.

Over the years, this development has occurred exponentially, developing cities such as Playa del Carmen, Puerto Morelos, and Tulum. Today the Mexican Caribbean hosts some of the main hotel chains in the world, large eco-parks, and in general an important industry dedicated to lodging, gastronomy, and entertainment. An industry that is based on the more than 85,000 hotel rooms offered between Cancun and the Riviera Maya.*

The real estate market in Riviera maya is not far behind as development in vacation homes or as a second residence on the beach has increased at the same rate as the tourism industry. Residential, condominiums and condo-hotels integrate a broad offer for those who want to invest in the area with options that suit all tastes, demands, and budgets.

This great offer has attracted investors from all over the planet like a great magnet, from large developers to a large community of ex-pats who see in the Mexican Caribbean the opportunity to ensure their patrimony while enjoying a benevolent climate and, why not say it, the benefit in the exchange rate and how far a dollar or euro will go.

Sun, sand, and sea like no other in the world complete this very promising recipe for success for those who want to invest in real estate with the added value of ROI when they monetize the time when they do not personally use their property.

* Projection for 2029 from Marketing Consultants.

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