TULUM DOMINATES REAL ESTATE INVESTMENTS IN QUINTANA ROO
Tulum has emerged as the top destination for real estate investors in Quintana Roo. The popular tourist spot now leads the region with the highest number of investment projects, indicating its growing appeal and market potential.
During the first four months of 2024, the Cancún-Riviera Maya corridor recorded 551 real estate projects, comprising a total of 42,000 homes. These developments are primarily focused on the residential and high-end residential sectors, reflecting a strong demand for upscale living.
A report by Softec on the Real Estate Market Dynamics highlights that the housing market in this corridor is thriving. Apartments, in particular, are the most sought-after properties, dominating the sales charts.
Tulum tops the list with 284 projects, making it the most attractive municipality for investors. Cancún follows with 122 projects, with 60 concentrated in the important southern zone. Playa del Carmen hosts 113 projects, while Puerto Morelos accounts for 18. Other developments are spread across Isla Mujeres and Cozumel.
High-value properties are in high demand. Out of the total projects, 243 are classified as Residential, priced above three million pesos, offering 13,000 units. The High-End Residential category, with prices exceeding eight million pesos, includes 235 projects with over 11,000 units.
According to Softec’s data, the top-performing projects in terms of sales include Jardines de Ciudad Mayakoba, with 17 units sold per month, Palmas Turquesa Privada Kentia, averaging 17.2 sales per month, and Puerto Maya Etapa III, with 14.8 units sold monthly.
Prices per square meter in northern Quintana Roo range from 9,626 to 254,705 pesos, with an average of 61,000 pesos. The high demand for apartments has resulted in 31,000 units available, followed by 5,596 horizontal condominiums and 3,937 single houses.
Despite the positive outlook, Softec’s data indicates a slight decrease compared to 2023, which saw 559 projects and 44,000 units. Nevertheless, the current figures reaffirm the region’s strong position in the real estate market, with Tulum leading the charge as the premier investment hotspot.
