MEXICAN RESORT REAL ESTATE SALES BOOM IN THE PANDEMIC


Playa del Carmen, Mexico – Nearly six months into the pandemic, Mexican resorts have begun to see a surge in real estate home sales. With work from home policies extending as well as the shift to online schooling in many cities, Americans across the country have begun to explore other options for primary and secondary dwellings.

As one of the only countries Americans can visit right now given current travel restrictions, Mexico has become a no-brainer for families and couples looking to travel and/ or relocate. While the months of March, April and May found most Mexican resorts closed because of government regulations, June, July and August saw a pick-up in demand in hotel stays, and in particular real estate sales.

“In both of our beach resorts Mayakoba, located in Riviera Maya on the east coast of Mexico, and Mandarina, located in Riviera Nayarit on the west coast of Mexico, we have seen a surge in inquiries for our villas and condos for sale,” said Kappner Clark, Chief Marketing Officer for RLH Properties, publicly-listed Mexican hotel group focused on the acquisition, management, and development of luxury and ultra-luxury hotels in Mexico and Spain. “In particular, we have seen demand for our move-in ready homes, as many families are wanting to relocate or take extended vacations sooner rather than later.”

Space, weather, and access to the outdoors have been prominent decision-making factors. With many families having either or both parents working from home plus children taking online classes, the need for an office or extra space for desks has become increasingly demanded in today’s market. Locations like Mexico whose climates allow for yearround indoor/outdoor living present a unique solution as the terrace becomes today’s office, dining room, and lounge, thereby amplifying the living space of each home.

Access to outdoor pursuits and the ability for easy social distancing have also been a concern of buyers. “We are extremely fortunate that in both Mayakoba and Mandarina we have over 600 acres per resort, which allows for both social distancing and a plethora of outdoor activities such as kayaking, paddle boarding, tennis, yachting, scuba diving, horseback riding, trekking, mountain biking, and more,” said Clark.

Another important recent trend has been the need for flexibility. With company and school regulations changing regularly, today’s buyers are looking for turnkey second-home properties where they can return home or back to paradise within a moment’s notice. Branded residences whereby the hotel manages the property and even rents it out while owners are away have become increasingly popular. “At RLH Properties, we feel incredibly fortunate to be in the luxury segment of the industry which has not been as affected as much as other segments, and also to be able to offer the turn-key promise of branded residences with our villas in Rosewood Mayakoba, Fairmont Mayakoba and One & Only Mandarina,” said Clark.

As the pandemic continues to endure far longer than anyone had imagined, it is no wonder why Americans have begun to look for warmer climates, more space, and turn-key opens for their extended quarantine. For more information contact Andy Ardila at The Agency ardila@theagencyre.com or call 415.608.1003