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Quintana Roo stands out nationally as the second state with the highest increase in real estate capital gains, according to data from the Association of Real Estate Professionals of Southeastern Mexico (AIS), announced during a presentation at a business community participation forum. Ta. The next event will be held in Cancun on November 13th.
This was announced by Pablo Castro, AIS member and commercial director of the real estate development company Rogar Group.
“According to the National Mortgage Association’s second quarter report, Quintana Roo is the second state in Mexico with the highest capital gains, with annualized capital gains of 12.5%.”
In the same report, Benito Juárez (Cancun) ranks fourth among municipalities nationwide with an annual capital gain of 13%, making the northern region of Quintana Roo one of the most attractive regions for investment. Profits from renting or selling real estate accrued to real estate businessmen.
Rajiv Heredia González, president of Quintana Roo AIS, commented that the real estate sector, especially the housing sector, is starting to recover from the stagnation in September due to the change in government. This medium exhibits greater dynamism.
He confirmed that foreign investment is also being stimulated, and that while there are still election issues in the United States, investment in Canada and the United States has already been stimulated.
“This is an economic cycle that happens every six years, but when it comes to real estate, there was low demand and high supply, so it kicks in. We’re seeing a re-invigoration of demand right now, and this is really due to the last part of the year. “They require a lot of liquidity and may even temporarily lower prices due to economic necessity, but this is good for companies whose sector is being revitalized,” he explained.
Finally, Rajiv Heredia González denies that investment in this sector will be paralyzed by judicial reform, as some voices claim, and on the contrary, invests not only in housing, but also in offices, warehouses, etc. This is because significant investments have been announced. Other urban infrastructure in different states of the country.
TYT Newsroom
