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Middle income homes around 2 million are what’s selling says former AMPI Cancun head

Riviera Maya, Q.R. — Real estate demand is concentrated mainly in the middle-income segment, reports the former head of AMPI Cancun. Miguel Ángel Lemus Mateos, the former head of the Mexican Association of Real Estate Professionals of Cancun says the state averages nearly 800 home sales per month.

There are 11,000 units for sale in the state distributed among cities such as Tulum, Cancun and Playa del Carmen. He says it is expected that in a period of just over a year, the current available units in the state will be sold to make way for new projects.

“There are 11,000 units for sale in Quintana Roo, between Tulum, Playa del Carmen, Puerto Aventuras, Cancún and Puerto Juárez and we feel that the absorption (sale) of these units will be completed in 14 months.

“There are close to 400 projects throughout the state and they are selling at a rate of two units per month,” he said.

Lemus Mateos says the homes that are moving average around 2 million peso, mainly among the national market.