Mexico’s housing real estate market has shown robust growth for the first two quarters of 2019, as economic conditions in the country improve. Tulum real estate market has enjoyed nominal growth for a decade, but the real (inflation-adjusted) numbers are prosaic.
Tulum real estate development in the areas affected by the massive earthquake of September 2017, Mexico’s residential market remained strong after the quake. While some affected areas in real estate Tulum suffered house price declines, housing demand shifted to other neighbourhoods, boosting house prices there.
Coming out as an outcome of recent earthquake the property geography has changed, and although real estate Tulum continues to develop, they no longer do it as spectacularly before the earthquake and requirement in different areas begins to increase, far from the affected areas. Mexico has an enormously strong domestic market in form of real estate Tulum.
A lot of Mexicans who move generally prefer to buy rather than to rent. Around 81% of Mexicans want to buy a property, as opposed to 19% that prefer to rent, according to Lamudi’s recent Real Estate Market Report. The Playa Del Carmen real estate market is not driven by speculators. There are many developers, it is highly competitive.
More new housing is built, which keeps prices down. And the interest rates have gone (relatively) low in the social sectors, due to subsidies. While the general outlook for Playa Del Carmen real estate market is good, Lamudi pointed out that there are three factors that brought uncertainty to the market: the elections, NAFTA, and the global economy.
About Nimbos Reality
Nimbos Realty is a new generation company, with more than 10 years of experience in the area, founded with the purpose of providing the best real estate services, marketing, e-marketing, promotion and integral sales of properties, fruit of long experience in the high quality real estate management and administration trade.
Business Name: NIMBOS REALTY
Street Address: Av. Balamkanche Mz. 30 Lt2 Loc 13, Xaman-Ha Center
City: Playa del Carmen
Postal: CP 77710
Call: +52 984 803 5451
Whatsapp: +52 1 9848762197