The mayan train works began formally in 2018 as a master transportation infrastructure in Southeastern Mexico. It crosses 5 states: Campeche, Tabasco, Chiapas, Yucatán and Quintana Roo. Even though much has been speculated in terms of pros and cons of its impact at the environmental, social and economic levels. The truth is it will detonate regional touristic and real estate work. In this entry we’ll tell you how it will benefit the real estate market in Yucatán.
Best investment zones
Ever since the 7 segments through which the train will run were officially announced. Several analysts foresaw that the zones with greatest investment potential would be large cities and growing and expanding regions. Let’s look at these in greater detail:
Real estate platforms have signaled Yucatán as one of the top five regions with the greatest investment potential. Given the raise in housing prices. Undoubtedly, its greatest increase took place between 2019 and 2022. Furthermore, just as Quintana Roo does, Yucatán has high housing demand in the neighborhood of 8.2%. The type of housing demand Yucatán has corresponds to properties valued between 1 and 3 million pesos.
And even though this positive outlook responded to a positive rating in the entity. Particularly in life quality and security, the Mayan train has added to the capital gains of those properties. This is in no small part due to the fact that a large portion of the stations goes through Yucatán.
As we have said before, on top of the real estate investment benefits for cities, smaller cities are highlighted as they were already on the rise. As can be imagined, one of them is Valladolid, Yucatán. So if you want to invest, doing so in Valladolid is definitely a good idea. One of the reasons is that Yucatán, much like Quintana Roo, concentrates the average of apartment rentals with a good ROI in the range of 9849 to 14000 pesos. In case you wish to invest in a property for holiday or long-term rental.
Benefits of the Mayan train in the real estate market
While this entry has focused only on the real estate area, it’s important to acknowledge that advantages cover many aspects. For example, a tourist boost that reflects economic and labor growth, international tourism growth, tax benefits for investors, better mobility across state lines, service improvements, and product trading.
As we pointed out before, one of the greatest advantages will be regional development. This in turn will attract investments and real estate projects. Derived from foreseen territorial regulations, which will bring real estate liquidity.
Thus, investment in residential plots is mapped out to be one of the best commercial interactions. Based on this, several sources reveal a supply and demand growth in residential plots, given that it is a safe market niche on the rise.
Works on the Mayan train currently have a 50% completion rate and regions. And are considered where new townships will be created with tax benefits for investors. So, if you want to know more about the new developments in Valladolid, where you could purchase residential plots, in Casa Valladolid will be happy to show you the listings in the area.