Every thing About Mexico

Mexico’s international real estate industry is closely coupled with the international tourism industry, which attracts money and investment for services, restaurants, golf courses, marinas, shopping areas, excellent roads, and much more. Good news is trickling in. The latest been that in 2010, Mexico is showing a sure signs of recovery from the recession.

Regions which are forecasted to see benefits from this include Baja California and the Pacific Coast, with booming markets such as Ixtapa real estate, Puerto Vallarta, Mazatlan and La Paz real estate. Also Yucatan Peninsula markets such as Campeche, Merida, Cancun, Playa del Carmen, Tulum, Costa Maya and Cozumel real estate are also enjoying the enjoy positive effects from recovering tourism.

The tourism recovery can best be noted in the data from the month of March, a high point in tourism traffic. During this month, 7.87 million international tourists (largely from States and Canada) visited Mexico, each spending an average of $169 dollars, for a total of $1.3 billion of tourism revenue, an increase of 6.6 % over March 2009. The average spending of $169 dollars per visitor is a 5.6% increase from last year.

Real estate buyers in Cozumel and Costa Maya especially, but also in the Pacific coast locations, will benefit from the increase of cruises to Mexico, as passenger numbers increased significantly, reaching 720 000, an increase of 13.6%. These two locations are especially tied into the cash flow generated buy cruises, and many real estate buyers first visit the area on a cruise.

Tulum Real Estate is becoming one of the fastest growing markets in Mexico and even Latin America. For prospective buyers, Tulum represents a great opportunity as Tulum is on a high growth trajectory which means more amenities & services at very affordable prices. For real estate investors, it means that homes are likely to witness significant return on their current purchases.

Tulum’s growth prospects can be gauged by the fact that recently bidding on the building and operating of the Riviera Maya International Airport, which will be located only a few miles away, was officially declared. The airport will require an investment of about $300 million US. The bidding is open to national and oversees investors, and is for the construction, management and operation of the international airport for 50 years.

Together with the rest of the Riviera Maya, stretching from Cancun to Tulum, and including Playa del Carmen, the area sees the highest number of tourists in Mexico, and has been a favorite for international real estate buyers as well.

The area most directly impacted by the new airport will be, of course, Tulum, which will attract attention of international investors who prefer good air connectivity. Areas such as Playa del Carmen and Costa Maya in the south of the state will also benefit greatly because of growth in tourism traffic.

The recent announcement of the opening of the bidding for the Riviera Maya International Airport contract is very important for Tulum which is one of the most promising developing real estate markets in Mexico. With some new high-profile, large-scale developments such as Maya Zama and the neighboring Aldea Zama, Tulum real estate is offering many excellent real estate investment opportunities for buyers looking for affordable property with future growth prospects.

The official announcement of the bidding for the Riviera Maya International Airport is a recent development which reflects the high level of confidence of the government and the private sector in this market.
 
The President of Mexico, Felipe Calderon, gave the announcement in mid-March indicating that the construction will require an investment of almost 300 million US, and will be able to serve up to 3 million passengers in its early stages. The president also informed that Tulum’s new airport will cover an area of over 3700 acres. Tulum’s new airport will be the first in Mexico to be built entirely through concessions to private investment.

The beginning of the bidding for the concession, which is scheduled to start in April, is a very significant step in the project which will bring very significant gains to Tulum’s residents. The new airport will bring a large inflow of tourists, and generate a growing amount of international interest in Tulum and surrounding areas.

The new airport in Tulum will also serve the Playa del Carmen Real Estate region, being the second international airport, after Cancun, to provide service to that city. While Tulum’s growth is expected to show a greater impact, Playa del Carmen’s more established real estate market will also see a renewal of emerging property investment opportunities.

Mexico’s transport and communications ministry (SCT) is relaunching the concession tender for the Riviera Maya international airport in Quintana Roo state. The announcement was made by the President of Mexico Felipe Calderón Hinojosa earlier today in a special event held at the Aerchaeological Site of the Ruins of Tulum.

The new airport will cost some 3.2bn pesos (US$255mn), and will be the first entirely concessioned airport in Mexico, President Felipe Calderón said during a ceremony broadcast live from Tulum in Quintana Roo. Bidding rules for the tender will be available from April 15, according to deputy transport minister Humberto Treviño Landois. The new airport will occupy some 1,500ha located 130km south of Cancún airport, and is expected to handle 3mn passengers each year. The Riviera Maya project was scheduled to go ahead in 2009 – however, SCT postponed the tender due to the global economic crisis.

 Local airport operators OMA and ASUR, Spain’s OHL and the Mexican branch of Australian investment bank Macquarie, are all reportedly interested in the concession.

Many Mexico real estate buyers are eagerly waiting for new updates regarding international airport as it can have major bearing on Tulum tourism and real estate industry. With around 17.9 million tourists expected to visit the Riviera Maya zone by the year 2025, 2,800 new jobs being created each year in this booming region, and 3 million passengers per year projected to flow through the new airport, any news regarding the Airport grabs headlines.

Due to the high demand experienced over last few years and the trends in the market of international visitors to the Riviera Maya has placed airport construction as one of the most important projects in Mexico. Projections show that direct jobs that have been created in the region have been creating nearly 2,800 new jobs per year. With increased job creations, there will influx of people from other regions creating demands not only on the Tulum region but also the Playa del Carmen real estate market, the Cozumel real estate market and various other towns of Quintana Roo

Once the basis for the bidding have been announced, the SCT will take 6-12 months to review the bids and select the winning contractor The time period for construction is around 3 years. ASUR, a contractor and administrator of airports in the southern half of Mexico is one of the leading contenders They currently operate the Cancun and Cozumel Airports in Quintana Roo.