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Cancun Real Estate – Investors Benefit from New Tourism Policies

Thomas Lloyd
 


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For buyers interested in Cancun Real Estate, one of the main attractions is the luxury lifestyle (at non-luxury prices) on Cancun's world-famous beachfront. From an investment perspective, however, it is just as important to consider Cancun's movement towards becoming a world travel hub, which will increase travel through and to Cancun, and consequently increase international interest in and demand for real estate.

In 2009, the Cancun international airport opened its second runway, specially designed to run simultaneously to the first one – a design unique in Mexico. The new runway will allow the airport to have capacity for the increased traffic of a travel hub, as well as the traffic brought by the new emphasis on international convention tourism.

While there are already a healthy number Cancun MLS listings available ideal for investment, it is likely that opportunities to gain an income from rentals, or a profit from re-sale of properties will increase, as well as the level of that profit, as further international attention is drawn to Cancun.

A recent move from the Mexican government will develop this situation even further; as of May 2010, travelers from any country requiring a visa to enter Mexico will be permitted to enter without a visa if they have a valid passport with a valid U. S. visa. Also non-American travelers entering Mexico directly from the U. S. , will be able to enter Mexico at all entrance points with or without visa, as long as they hold a valid passport and have entered the U. S. legally.

While these new policies do not affect American or Canadian travelers, who can enter with only a passport, the new tourism and air-transfer traffic will help Cancun to develop its status as an international air-travel hub.

Another area to benefit from the increase of travel through Mexico is Tulum; the new international airport for Tulum and the Riviera Maya is currently in the bidding stages, and is expected to offer service in about 3 years. Tulum real estate listings currently include many investment opportunities in land, as well as other property types. The tourism, traffic and economy generated by the new airport is expected to bring increased interest to real estate purchases in the area, increasing demand and bringing new opportunities.

On the whole, real estate in Cancun, Tulum and the area between is set to benefit a great deal from both Mexico's current policies, and the area's efforts expanding its tourism horizon.

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