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“Playa del Carmen Secures the Fifth Position in Mexico for Marking Significant Home Price Escalations in 2023.”

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“Playa del Carmen Secures the Fifth Position in Mexico for Marking Significant Home Price Escalations in 2023.”

Quintana Roo has emerged as one of Mexico’s top states in witnessing a substantial surge in home prices in the early months of 2023. According to the Federal Mortgage Company (SHF), the state has seen an impressive 17.1 percent increase in home prices during the first quarter of this year compared to the same period in the previous year.

Baja California Sur holds the top position in Mexico with a 17.9 percent price increase, followed closely by Quintana Roo and Sinaloa at 16.5 percent, securing the second and third positions, respectively.

Nationally, the SHF reported that the average home price stood at 1,601,000 pesos during the first quarter of 2023, with a median price of 926,000 pesos. The SHF’s Housing Price Index revealed varying trends by state, with 16 states recording higher variations than the national average, while 16 states reported lower variations.

The nationwide SHF Housing Price Index displayed an overall appreciation of 11.7 percent in the first quarter of 2023 compared to the same period in 2022. However, during the first three months of 2023, there was an 11.5 percent decrease in the number of property appraisals compared to the same period in the previous year.

The SHF Index for new housing indicated a variation of 12.8 percent, while the index for used housing increased by 10.8 percent during the first quarter of 2023. Within this period, 60 percent of the market comprised used housing, and 40 percent was attributed to new housing.

The SHF Index for single houses grew by 11.8 percent, while the index for condominiums and apartments combined showed an appreciation of 11.6 percent. In the economic-social housing sector, the SHF Index witnessed an increase of 11.3 percent, and the medium-residential housing index rose by 11.9 percent in the period from January to March 2023.

When assessing mortgage loan prices from lowest to highest at the national level, it’s evident that 25 percent of transactions were conducted at a price equal to or below 626,000 pesos. The median price, at 926,000 pesos, indicates that 50 percent of housing transactions occurred below this threshold, while the other half was above it. Furthermore, 75 percent of homes were sold for less than 1,853,000 pesos, with the remainder fetching higher prices.

The increase in housing prices coincides with a macroeconomic environment where the Gross Domestic Product (GDP) recorded a 3.9 percent real growth in the first quarter of 2023 when compared to the same period in the previous year, according to the Timely Estimate of GDP published by the National Institute of Statistics and Geography (INEGI).

By municipality, Solidaridad, which encompasses Playa del Carmen in Quintana Roo, ranks fifth on the SHF Index with a price variation of 16.8 percent, making it the most prominent municipality in the state and the fifth highest in the country. The top-ranking municipality in the country was La Paz in Baja California Sur, with an 18.1 percent increase in home prices.

During the first three months of 2023, in comparison to the same period in 2022, the SHF Index documented price appreciation rates above the national average in 38 municipalities and below-average rates in 36 municipalities.

“Quintana Roo’s soaring real estate market calls for an expert touch, and that’s where shines. As the premier real estate agency in the Riviera Maya, we’re well-equipped to help you navigate the dynamic housing landscape. With our extensive knowledge of the region and a dedicated team of professionals, we ensure you make the best property investment choices. Whether you’re seeking your dream home or an investment opportunity, is your trusted partner in Quintana Roo’s thriving real estate market.”

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The Mexican Association of Real Estate Professionals Establishes a Public Registry to Combat Illegal Agents.

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The Mexican Association of Real Estate Professionals Establishes a Public Registry to Combat Illegal Agents.

**RIVIERA MAYA, Q.R. – The Mexican Association of Real Estate (AMPI) reports the establishment of a public registry for certified government-owned real estate. Public records are being consolidated, enabling buyers to engage licensed professionals while associations tackle illegal agents. Miguel Ángel Lemus Mateos, coordinator for Region 18 of the Association of Real Estate Agents in Mexico, stated that their efforts are aimed at combating real estate piracy through this registry.

“We will publish a register to let the market know who is recognized as real estate agents, thus countering empiricism and malpractice,” Remus Mateos affirmed. He pointed out that the Real Estate and Services Law of Quintana Roo, passed by the state Congress in 2014, forbids unlicensed individuals from practicing in the real estate business.

Lemus Mateos also emphasized that any professional intending to work in the real estate sector must register with the Ministry of Agrarian, Territorial, and Urban Development, a Mexican agency under the Urban Development and Housing Cabinet. “It is essential to ensure recognized representation from the national government, the public, and investors, including home and property buyers,” he added.

“To register as a real estate consultant, interested parties must individually submit the following documents, including a valid official photo ID, proof of residential address, proof of a clean criminal record, and proof of training and registration with the Tax Administration Service (SAT),” he explained. “Foreigners must establish their migratory status for gainful employment and meet minimum requirements for professional licenses with national institutions,” he added, noting that this activity is also regulated by the National Real Estate Board.

“To regulate this activity, the National Real Estate Council has been established as a technical support body for the Ministry, tasked with promoting research, analysis, professionalization, and decision-making regarding real estate services, under the guidance of the Secretary of Urban Development, Secretary of Government, Cristina Torres, Director of the National Property Registry, and representatives from organizations such as AMPI and CANACO,” he explained. According to Lemus Mateos, there are 665 certified real estate agents by AMPI (Mexican Professional Association) in Cancún, 131 in Playa del Carmen, 141 in Puerto Morelos, 35 in Tulum and Cozumel, 20 in Seoul, and 12 in Chetumal.

“Nationally, we have more than 3,000 federal certificates, and this year, we will begin issuing the first AMPI-UNAM diploma, so we are working diligently towards training,” he said.

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The Maya Train and Tulum Airport: Fueling New Sharing in Quintana Roo

Mayan Train and Tulum Airport Fueling New Sharing in Quintana Roo

The Maya Train and Tulum Airport: Fueling New Sharing in Quintana Roo

Quintana Roo, renowned for its breathtaking natural beauty and consistent tourism growth, finds itself in the midst of an economic and cultural transformation driven by the surge of “New Sharing.” This new economic model has skyrocketed thanks to the arrival of the long-awaited Maya Train and the opening of Tulum Airport. These two infrastructure projects not only connect the region more efficiently but are also giving rise to a new way of sharing goods and services in this part of Mexico.

The Rise of New Sharing in Quintana Roo

New Sharing refers to the sharing economy, a phenomenon that has taken the world by storm in recent years. In Quintana Roo, this trend is manifesting in creative and diverse forms. Residents and visitors now utilize the latest technological trends to lend, sell, share, or rent goods and services. This collaborative economy is opening up fresh opportunities for the local community and tourists alike.

Sharing in Quintana Roo

New Sharing has led to a wide range of opportunities in Quintana Roo. From sharing offices and work equipment to renting tools, cars, bicycles, and parking spaces, the sharing economy has transformed how people experience the region. One of the notable aspects is the renting of homes through platforms like Airbnb, allowing visitors to immerse themselves in local culture and live like temporary residents.

The Impact of the Maya Train

The Maya Train, an ambitious infrastructure project that will connect major tourist destinations in southeastern Mexico, is destined to be a key catalyst for New Sharing in Quintana Roo. This 1,500-kilometer rail network will provide an efficient way to travel between cities and tourist areas, further facilitating the exchange of goods and services across different regions.

In addition to improved mobility, the Maya Train will also promote cultural and economic collaboration among diverse communities. Tourists will be able to explore beyond traditional tourist destinations, fostering a more equitable distribution of economic benefits throughout the region.

Tulum Airport: Connecting with the World

The recently inaugurated Tulum Airport has been a significant milestone for Quintana Roo. This airport provides direct access to one of the region’s most popular cities and streamlines the flow of tourists from around the world. This has led to an increased demand for local accommodations and services, further boosting the New Sharing trend.

Cultural Exchange Between Mexico and the United States

Lenin Amaro Betancourt, the coordinator of the National Association of Regional Business Councils, highlights the importance of cultural exchange between Mexico and the United States in the context of New Sharing. Quintana Roo’s proximity to the U.S. border and its popularity as a tourist destination have created a conducive environment for economic and cultural collaboration.

In summary, New Sharing is transforming the economy and visitor experience in Quintana Roo. The arrival of the Maya Train and Tulum Airport has played a pivotal role in this surge, creating new economic and cultural opportunities for the region. With the increasing interaction between Mexico and the United States, Quintana Roo is poised to embrace this exciting economic trend even further.

by Rodrigo Madrid
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“Condominiums Enable Investors to Purchase Homes and Gain Significant Profits”

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“Condominiums Enable Investors to Purchase Homes and Gain Significant Profits”


While some international destinations are still struggling to recover from the impact of the pandemic, regions like the Riviera Maya have not only returned to 2019 levels but have also experienced significant double-digit growth, boosting investment opportunities in the area. New accommodation models such as apart-hotels have gained traction. Internationally, the Mexican Caribbean has garnered attention with a 15% increase in visitors, a notable achievement when many tourist attractions around the world are still struggling to rebound, attributed to the pandemic context, according to José Antonio Vázquez, CEO of Wyndham Grand Mayakaan. In an interview with ‘Real Estate Investment,’ an expert shared a concerning statistic about the number of travelers: when comparing the number of tourists traveling to other global destinations like Asia, Europe, or the United States from 2019 to the pandemic period, some countries have fully recovered, while others still report negative tourist numbers. “In the Mexican Caribbean, areas like Cancun and the Riviera Maya not only showed recovery but also recorded over a 15% growth compared to 2019. This high growth, supported by data from December, is a significant development for 2022, and it is expected to continue throughout the year.”

In this context, as highlighted in a program hosted by Neximo’s CEO, Karim Goudiaby, the Riviera Maya remains one of the most attractive destinations for real estate investment. Additionally, significant investments in infrastructure by the Mexican government have piqued investor interest in this part of the country. After all, as Vázquez pointed out, “when the government invests in tourism and infrastructure, it opens up opportunities for private investment. If the federal government is investing heavily, why shouldn’t we, as investors, follow the same trend?” Regarding observations in Cancun, he noted the area’s significant development in terms of accommodation demand, contributing to the growth in hotel offerings. “If you analyze the growth in the number of rooms in Cancun, you’ll see it’s increasing by 20,000 rooms annually, with approximately 120,000 rooms now available. This has been the trend in recent years, indicating substantial growth comparable to that seen in Dubai. So, the risk of constructing large hotels is more limited because you can see that the supply is growing significantly. However, demand will eventually catch up, as evident in Cancun or hotel occupancy rates in Mexico. In the Caribbean, occupancy can reach 80% or 90%, and in some seasons, even 100%, which creates strong demand, fully utilizing the supply,” he added.

New Housing Trends

He discussed emerging trends in the accommodation sector, highlighting that the brands he represents identify opportunities in promoting vacation projects based on the apart-hotel model. He mentioned that with this approach, tourists not only have the chance to stay in branded hotel-residences and access top-notch resort amenities but also allows interested investors to purchase residences and earn attractive profits from accommodation expenses and hotel-backed capital gains. “What’s most interesting is that the company doesn’t just enter the hotel business but also ventures into the apart-hotel business model, where an owner can buy a residence or home and operate it as a hotel that the owner might use one or two times a year. The rest of the time, it operates as a hotel backed by Wyndham,” the executive added.

Regarding the differences between such projects and vacation rentals like Airbnb, he pointed out that while they share the same accommodation concept, these projects are managed by hotel companies and offer the option to stay in branded hotel residences. “Properties managed by Airbnb control occupancy and compete on price, unlike branded hotel properties, which enjoy high occupancy rates because they have the full brand knowledge, sales team, and other elements for weddings and conferences. This ultimately boosts occupancy and revenue,” he confirmed. Finally, he emphasized this point once again.”

by Rodrigo Madrid

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Why is the Real Estate Market Looking Towards Southeast Mexico?

Real Estate Market Looking Towards Southeast Mexico

Why is the Real Estate Market Looking Towards Southeast Mexico?



Tulum in Quintana Roo has established itself as a unique city due to its archaeology, history, and landscape, making it an excellent investment strategy to purchase properties for short-term rentals or sustainable development projects. Tulum offers a wide range of investment opportunities.

The real estate market is constantly changing and evolving. Therefore, a specific political, economic, or social context can add value to a region and transform it into valuable opportunities for investors. Knowledge is power, and when it comes to investing, it means security. Keeping this in mind, it can be essential to look towards Southeast Mexico. The paradise-like archaeological and historical landscape of Tulum in Quintana Roo has positioned it as a unique international tourist destination for many years, combining luxury and prosperity, which is nothing new. This position will only strengthen as infrastructure in the region improves to enhance connectivity.

The first piece of news is the opening of the Felipe Carrillo Puerto International Airport in December. Located 10 kilometers south of Tulum in the state of Quintana Roo, the airport will offer Mexican and foreign tourists more opportunities not only to travel to Cancun Airport but also to enjoy the stunning Riviera Maya. Another piece of news concerns the inauguration of the Tren Maya, also scheduled for December. Both infrastructure projects will revolutionize connectivity in the Tulum region and further transform real estate projects in the area. These infrastructure projects also include the expansion of services such as water supply, public rehabilitation, and road development. Tulum is one of the fastest-growing sectors of the economy according to the latest economic census, but where should you invest? The destination offers a wide range of investment opportunities, from purchasing short-term rental properties to sustainable development projects. Even if you think otherwise, Tulum remains affordable compared to other luxury destinations.

Investing capital in residential properties that prioritize well-being is not done on a whim. Several studies have been conducted analyzing what tourists seek when considering a vacation, and most are looking for mental health, satisfaction, and excitement, making Tulum seem like the perfect place. With this demand from travelers, real estate investment is becoming a very attractive option for those looking to grow their wealth. For example, real estate crowdfunding driven by 100 Ladrillos aims to achieve returns close to 15%, similar to wellness-oriented hotel projects like Babel. Investing in Southeast Mexico has never been easier. Today, the dream of homeownership in Tulum is closer to everyone, thanks to trends like investment democratization and real estate crowdfunding, which allow everyone to think and plan for the future, securing gains, no matter how small, through personalized investments that go beyond what meets the eye. It seems to be…

by Rodrigo Madrid


Veronica Manachova

Hi, I'm Veronika Manachova. Are you looking for a particular property in The Riviera Maya? contact me customer service (English Spanish Russian) Cell & Wtssp  984 115 71 09

Veronika Manachova Madrid - Real Estate Master Broker