Riviera Maya, Q.R. — AMPI says Quintana Roo’s real estate capital gains have increased from 5 to 8 percent due to the urban infrastructure projects being done around the state. The agency also says they are working to regularized the state’s real estate agents since most are not registered or pay taxes.
Ignacio Lacunza Magaña, the National President of the Mexican Association of Real Estate Professionals (AMPI), said that all of the projects are still in-the-works. Once the infrastructure projects are finished, he says there will be even greater growth in Quintana Roo’s real estate sector.
Lacunza Magaña detailed some of the projects that have helped increase property values include the Nichupte Bridge that will link the Cancun Hotel Zone with the mainland as well as the remodeling of Luis Donaldo Colosio Boulevard, which includes the expansion and modernization of the city’s main entrance.
Other ongoing projects around the state include the expansion of Chaac Mool Avenue, which is another Cancun project that, once done, will help alleviate airport traffic. Then there are the Maya Train and Tulum International Airport projects.
The Federal Mortgage Society (SHF) Index placed Quintana Roo in first place in the increase in housing prices nationwide during 2021, with 12.1 percent in its annual variation compared to 2020.
These periods coincide with the arrival of Covid-19 in Mexico and after a national decrease in infections, the state remained ranked as the best in the surplus value index, according to the state College of Appraisers.
Lacunza Magaña pointed out that they are working with the Chamber of Deputies and Senators as well as with local congresses to reform the real estate law regarding real estate advisors.
“Here in Quintana Roo, more than 10,000 real estate advisers have reported to us and many of them are not regulated through AMPI. They do not pay taxes and are not registered with SAT and so we are working on those reforms,” Ignacio Lacunza explained.
Lacunza Magaña said one of their goals for AMPI is the creation of a list that details all of the real estate agents in Mexico, which when done, would be implemented within the Asociación Mexicana de Profesionales Inmobiliarios (AMPI) website so that everyone can review the regulated real estate agents and be sure that they are dealing with professionals from the real estate industry.