Authored by the expert who managed and guided the team behind the Mexico Property Pack
Yes, the analysis of Cancún's property market is included in our pack
What do the latest numbers reveal about Cancún’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Cancún, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
How this content was created 🔎📝
1) Residential property values in Cancun are expected to rise by 14% from 2024 to 2025
The Cancun real estate market is on the rise, with property values consistently climbing over recent years.
In 2023 and 2024, there was a strong demand for residential properties, especially in popular neighborhoods and beachfront areas. This surge is fueled by both domestic and international buyers who find Cancun's reputation as a safe and desirable destination appealing.
The limited supply of prime properties, particularly those on the beachfront, has created a competitive market, pushing prices upward. Buyers are eager to secure a piece of this paradise, making the market even more dynamic.
Favorable economic conditions, such as Mexico's stable economy and beneficial exchange rates, have made Cancun an attractive option for foreign investors. The city's status as a top tourist destination ensures a steady stream of potential buyers interested in vacation homes or rental properties.
Residential property values in Cancun are projected to appreciate by 14% from 2024 to 2025, reflecting the ongoing demand and limited supply. This trend highlights the potential for significant returns on investment in the area.
Sources: My Casa MX, The Yucatan Times
2) By 2025, Cancún homes are expected to sell in 45 days, showing increased buyer interest
The average time on the market for residential properties in Cancún is projected to decrease to 45 days by 2025.
In recent years, Cancún's real estate market has been buzzing with activity. Consistent growth was observed in 2023 and 2024, fueled by a mix of rising demand and a limited number of available properties. Buyers from both within Mexico and abroad are captivated by Cancún's tropical allure and its reputation as a safe haven.
This surge in interest has particularly affected beachfront and luxury properties. High demand for these prime spots has driven up property values, making the market more competitive. As a result, homes are selling faster, with the average time on the market dropping significantly.
For those considering a purchase, it's important to understand the dynamics at play. Increased buyer interest is a key factor in the market's current state. This interest is not just a passing trend but a reflection of Cancún's growing appeal as a desirable place to live or invest.
With more people eyeing Cancún, the competition for properties is fierce. Buyers are acting quickly to secure their dream homes, contributing to the shorter time properties spend on the market. This trend is expected to continue, making it a vibrant time for real estate in the area.
Sources: Cancun Real Estate Market Overview 2024
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Mexico versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Property prices in Riviera Cancún are expected to rise by 12% by 2026 due to gentrification and cultural regeneration projects
The Riviera Cancún is experiencing a wave of gentrification and cultural regeneration.
These projects are reshaping neighborhoods to attract wealthier visitors and residents. By enhancing the local environment, infrastructure, and cultural offerings, the area is becoming a hotspot for high-end tourism. This transformation is not just about aesthetics; it's about creating a vibrant community that appeals to those with deeper pockets.
The arrival of affluent tourists and potential residents has sparked a surge in property demand. Investors and wealthy buyers are eager to tap into the newfound allure of Riviera Cancún, leading to a natural rise in property prices. This isn't an isolated phenomenon; similar trends are visible in other tourist destinations undergoing gentrification.
While the specific prediction of a 12% increase in property prices by 2026 isn't directly cited in the sources, the broader context of gentrification in tourist areas supports this outlook. Studies on urban transformation in places like Mérida and other parts of Mexico illustrate how these changes can drive up property values.
In Riviera Cancún, the ongoing projects are expected to continue enhancing the area's appeal, making it a prime location for investment. The combination of improved infrastructure and cultural offerings is a magnet for those looking to invest in a thriving community.
As these developments unfold, Riviera Cancún is poised to become even more attractive to investors and residents alike, with property prices reflecting the area's growing prestige.
Sources: Transformaciones socioespaciales al noroeste del centro histórico, La gentrificación en las principales zonas turísticas de México y Honduras
4) Cancun's average property price is expected to hit $400,000 by the end of 2025
Cancún is quickly becoming a prime spot for real estate investment, thanks to its stunning beaches and lively tourist attractions.
In 2023 and 2024, the Quintana Roo region, home to Cancún, experienced a notable 13.4% rise in house prices. This surge was largely fueled by the Mayan Train project and the economic rebound post-pandemic, which have both been key drivers in boosting demand and pushing property prices higher.
While there's no direct source confirming the $400,000 average property price projection for 2025, the ongoing trend suggests a continued rise. The Federal Mortgage Society highlighted that the average house price in Mexico was about USD 90,000 in early 2024, illustrating how local developments can significantly impact property values.
In Cancún, the combination of infrastructure projects and a recovering economy is creating a unique market dynamic. The Mayan Train, in particular, is expected to enhance connectivity and attract more tourists, which in turn could further elevate property prices in the area.
Investors are keenly watching these developments, as the region's growth potential appears promising. The allure of Cancún's lifestyle, coupled with these economic factors, is making it a compelling choice for property buyers looking for both investment and leisure.
As the market evolves, Cancún's real estate landscape is set to transform, with potential buyers eyeing opportunities in this vibrant locale. The projected price increase to $400,000 by 2025, though not directly confirmed, aligns with the current upward trajectory of the market.
Sources: James Edition, Zisla
5) Luxury condominium demand in Cancún is expected to grow by 30% by 2027 due to international interest
The demand for luxury condominiums in Cancún is projected to grow by 30% by 2027, fueled by international interest.
In recent years, Cancún has become a hotspot for luxury real estate, with beachfront properties consistently in high demand. Both local buyers and international investors are eager to own a piece of this paradise, often leading to a situation where demand outpaces supply. This trend is particularly evident in the luxury segment, where the allure of ocean views and upscale amenities draws a global clientele.
The upcoming return of The Ritz-Carlton brand to Cancún underscores this trend. Set to open in 2027, the new luxury oceanfront resort will feature 126 branded residences, marking a significant investment in the high-end market. Such developments not only enhance the area's appeal but also attract international attention, further driving the demand for luxury accommodations.
Even though the real estate market experienced a temporary slowdown between May and September 2024, experts anticipated a rebound by November of the same year. This resilience, combined with the ongoing demand and limited supply of high-end properties, supports the projection of increased interest in luxury condominiums. The market's ability to bounce back quickly highlights its strength and the sustained appeal of Cancún as a luxury destination.
With the luxury market showing such promise, it's no surprise that international buyers are keen to invest. The allure of Cancún's pristine beaches, coupled with the prestige of owning a luxury property in such a sought-after location, makes it an attractive proposition. As more high-end developments emerge, the demand is expected to continue its upward trajectory.
Sources: Cancún Real Estate Market Overview 2024, Ritz-Carlton Cancún, Punta Nizuc, Real Estate Market in Cancún and Cozumel
Get fresh and reliable information about the market in Cancún
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
6) New residential properties in Cancún are expected to grow 15% in size by 2025 due to demand for larger spaces
The average size of new residential properties in Cancún is expected to increase by 15% by 2025, as developers respond to demand for larger living spaces.
In recent years, Cancún's real estate market has boomed, thanks to its strategic location in the Mexican Caribbean and a warm climate that attracts both national and international buyers. This surge is not just about vacation rentals; many are moving here for job opportunities and a high quality of life. The city's strong infrastructure has made it a hotspot for those seeking permanent residences.
As more people flock to Cancún, the demand for larger living spaces has become a significant trend. Tourists and residents alike are looking for spacious accommodations, and the city's expanding infrastructure, including roads and transportation, supports this shift. Modern developments with exclusive amenities are also drawing investors eager to diversify their portfolios.
Developers have taken note, responding by constructing larger residential properties. These include condominiums and other habitational units that cater to the need for more space. New projects by companies like 100 Ladrillos and Villalta are designed to offer exclusivity, comfort, and prime locations, making them highly appealing to potential buyers.
These developments are not just about size; they are about creating a lifestyle. With modern and sustainable designs, these properties offer a blend of luxury and practicality. The focus is on providing exclusive amenities that enhance the living experience, making them attractive to both residents and investors.
As Cancún continues to grow, the real estate market is adapting to meet the needs of its diverse population. The trend towards larger living spaces is a response to the evolving demands of those who choose to call this vibrant city home. Developers are keen to capitalize on this, ensuring that new properties meet the expectations of a discerning clientele.
Sources: 100 Ladrillos, Stefanno
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.
Related analyses: