Quintana Roo stands out nationally as the second state where real estate capital gains grow the most, according to data from the Mexican Association of Real Estate Professionals of the Southeast (AIS), during the presentation of the Join the Business Community forum, which will take place next November 13 in Cancun.
This was announced by Pablo Castro, a member of the AIS and commercial director of the Logar Group, a real estate developer.
“The second quarter report of the National Mortgage Society tells us that Quintana Roo is the second state with the highest capital gains in Mexico, with a rate of 12.5% annualized capital gains.”
In that same report, Benito Juárez (Cancún) is placed in fourth place among the municipalities of the entire country with an annualized capital gain of 13%, which makes the northern area of Quintana Roo one of the most attractive to invest. Profits from the rental or sale of real estate added the real estate businessman.
For his part, Rajiv Heredia González, president of the AIS in Quintana Roo, commented that the real estate sector is beginning to recover from the pause that occurred in September with the change of government, especially the housing sector in the residential segment. The medium now shows greater dynamism.
He confirmed that foreign investment is also being activated and although there are still electoral issues in the United States, Canadian and American investment is already being activated.
“It is an economic cycle that happens every six years, but in real estate matters the movement begins, since there was little demand and a lot of supply. Now demand is reactivated and this is convenient for companies that precisely in the final stretch of the year require greater liquidity and that could even lower their prices temporarily due to that economic need but the sector is reactivated,” he explained.
Finally, Rajiv Heredia González denied that investments in this sector are going to be paralyzed by the judicial reform, as some voices have claimed, since on the contrary there are announcements of important investments, not only in housing, but in offices, warehouses, and other urban infrastructure for different states of the country.
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