Cancun Real Estate Market to Offer New Opportunities
 Cindy Ader - TOPMexicoRealEstate.com
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November 19, 2009
The attractiveness of Cancun Real Estate and tourism have recently prompted the airport's operator, ASUR, to open a second runway, considerably expanding the airports capacity. As a part of this move, there are plans to convert the airport into an international hub for flights not only arriving from North America, but for travelers connecting to Central and South American and Caribbean destinations.
While this in turn will mean that real estate owners in Cancun will have even more, cheaper options for visiting back home, it will also mean new growth and opportunities in the market.
For anyone considering buying real estate in another country, being able to visit back home easily is always an important consideration, and Cancun Real Estate can boast to offer the most in this aspect. The Cancun International Airport currently offers very regular flights to most major North American cities, in the U.S. and Canada, not to mention many other destinations throughout the world. Traveling to Toronto, for example, is only a short 4 and half hour flight, and many American cities are even closer. This second runway will increase this already excellent level of convenience.
Cancun International Airport celebrated the grand opening of the runway on October 20. The airport is now is unique in Mexico because of the fact that the runways run parallel and can be operated simultaneously, increasing capacity considerably. The project also included a new control tower, 96 meters tall, making it one of the 20 highest in the world. The project's total investment was about 80 million dollars.
This infrastructure improvement has allowed Cancun to set its eyes on converting itself into an international hub, centralizing traffic between the United States, Latin America, South America and the other parts of the world. As mentioned above, this status for Cancun would offer more flights, and probably better prices for Cancun Real Estate owners to visit back home, not to mention many other destinations.
The expansion of this airport are also an indicator of the ongoing investment in infrastructure improvement supported by the various levels of government. As a key tourist and real estate destination, not only in North America, but on a world-wide level, Cancun has earned a strong reputation of offering a solid base for government, corporate and individual investment.
At the grand opening of the new runway, Mexico's President, Felipe Calderon, mentioned that as a hub Cancun would not only grow even more as a tourist center, but also as an international business and real estate center. Such a move would help put Mexico at the forefront of business in the globalizing market. As a center for international business, Cancun Real Estate would consequently take on new growth, new opportunities, and perhaps become a more competitive market. |
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