When buying real estate, any expert or experienced buyer will be able to tell you the number one rule: location. And more and more, Cancun Real Estate offers location at its best. Besides being one of the best-loved beachfront destinations in the Mexico Condo market and beyond, Cancun has been investing heavily in transforming itself into a business convention center and international travel hub. The fruits of this effort have been seen in an ever growing popularity for conventions, meaning that Cancun's “location" factor is just getting better.
The most high-profile example of an world-class convention coming up is the climate change summit scheduled for November 29 to December 10, 2010, as a follow-up to the summit held in Copenhagen. Together with the privilege of hosting the event, the government of Mexico is making a re-doubled effort to implement climate change policies and support other nations in doing so. This fact reflects the government's commitment not only to promote Mexico Properties as one of the best real estate investments available, but to keep Mexico a clean, environmentally responsible place to live for nationals and non-Mexicans alike.
Another example of a high-profile meeting was the 2009 Summit of the Americas, in which the presidents of Central and South American met in a resort in the Riviera Maya, the beachfront area just south of Cancun.
For Cancun real estate buyers, this focus on the area for high-profile, world-class conventions means several economic benefits. One is the money which these conventions bring. Each visitor in an international convention typically spends several times more than an average tourist, and these conventions bring hundreds of these visitors, filling hotels, at low-points in the standard tourism industry, keeping the flow of tourism cash moving.
This flow means that there will be more investment in Cancun for activities, services and infrastructure. One preparation for this growing market has been the building of the second runway at the city's international airport. Besides the economic benefit, this also will lead to more direct flights back home for American and Canadian buyers, at a less expensive cost.
The solid basis and growth of Cancun's tourism industry will also mean a growth in opportunities to invest in real estate, either for rental, commercial or re-sale purposes.
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