Quintana Roo Real Estate

Prices from $121,777 USD to $585,000 USD Listings last updated 07/16/2200
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Homes for Sale in Quintana Roo

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Overview of the real estate prices in Quintana Roo, Mexico

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CITY GUIDE
QUINTANA ROO, MEXICO

Located in the southeastern part of Mexico on the Yucatan Peninsula, Quintana Roo is growing steadily due to the increasing level of tourism. There are approximately 1.5 million people living within the 17,261 square miles of Quintana Roo, almost half of whom live in Cancun.

In Quintana Roo, the cities of Cancun, Playa del Carmen and the island of Cozumel are major tourist destinations with thousands of hotel rooms as well as restaurants, nightclubs and stores. There are 8 colleges and universities in Quintana Roo offering a wide variety of degrees, and students are able to take advantage of both public and private schools throughout the state.

Mayan culture and history play a major role in Quintana Roo. The Mayans have a history on the Yucatan Peninsula dating back over 1,100 years. Its ruins are a testament of their ability to thrive and many Mexican and religious celebrations maintain a Mayan influence as well. Tulum is perhaps the most visited of the ruins in the Yucatan Peninsula and Quintana Roo.

You’ll find the Xel-ha eco-tourism park, bars, restaurants and tourist shops in downtown Cancun, and manatees along the shores of Chetumal.

The climate in Quintana Roo is considered a tropical wet and dry climate. The hottest months in the state are generally April and August with high temperatures averaging in the low-90s, although it is not uncommon for temperatures to reach into the 100s. Even in the coldest months, temperatures are quite mild. Hurricane season in Quintana Roo runs from June through November and the rainiest times are September through December.

Most of the real estate buyers are those looking for a retirement or vacation home, a long term escape from the northern cold, or simply for investment purposes. Some homes, condos and apartments are available now while others are being constructed. There are plenty of options available to suit all budgets and preferences.

Those eager to make a living in the tourism industry and snowbirds wanting to purchase their winter home in a warm climate are finding a lot to enjoy in Quintana Roo. Its proximity to Texas and Florida makes it easy for those escaping the cold to find the right spot.

KEY FACTS:

Quintana Roo, Mexico

Quintana Roo, Mexico
  • Country: Mexico

  • Population: 1.5 million

  • Area:

    Land:44,705 km2

Lifestyle

Lifestyle and Culture

There are many unique and culturally incredible museums in Quintana Roo including the 3D Museum of Wonders in Playa del Carmen, Museo Maya de Cancun and the Musa Museo Subacuatico de Arte which is underwater in Isla Mujeres.

Quintana Roo celebrates many of the same holidays as the rest of Mexico; however, there is often a local Mayan flavor and folk dances added to the mix. Some of the most celebrated festivals and holidays include Día de Los Santos Reyes, Carnaval, Cinco de Mayo, Dia de los Muertos and Independence Day.

There are 8 major colleges and universities located in Quintana Roo. The University of Quintana Roo is a public university with several campuses across the state. There are dozens of bachelor’s degree programs as well as master’s and doctoral programs.

Lifestyle

Entertainment and Tourism

The Quintana Roo Tigers are a Triple-A baseball team in the Mexican Baseball League. The Atlante Fútbol Club is a Mexican football club whose origins go back over 100 years. Both baseball and football teams play in Cancun.

With major resort and tourist destinations along the Caribbean coast, there is a thriving nightlife in Quintana Roo. The City in Cancun is the largest nightclub in Latin America and Coco Maya features Mayan-inspired architecture and is the largest nightclub in Playa del Carmen.

Many tourists who visit Quintana Roo make a point of experiencing the ancient Mayan ruins located in Chacchoben, Cobá, Kohunlich, Muyil, Tulum, Xel-Há, and Xcaret.

Entertainment and Tourism
Neighbourhoods

Cities

Quintana Roo is home to 11 municipalities with the major tourist destinations being in Benito Juarez where Cancun is located, Cozumel, Tulum and Isla Mujeres. These are also the areas that have a significant population:

Benito Juarez

The most popular location in Benito Juarez is Cancun where a major tourism industry flourishes. In fact, 90% of the economy in Benito Juarez is dedicated to tourism and trade. The sandy beaches overlooking the Caribbean Sea makes it an ideal location for tourists, retirees and those seeking a vacation home.


Cozumel

Cozumel is an island just east of Cancun. The economy is mainly supported by tourism and centers around many water activities. Homes are available, but there is no commercial airport directly to Cozumel so visitors must ferry across from the mainland.

Neighbourhoods

Othón P. Blanco

Othón P. Blanco is on the southern end of Quintana Roo and home to Chetumal, the capital of Quintana Roo. There is the Museum of Maya Culture as well as the Payo Obispo Zoo in Othón P. Blanco and the economy is partly dependent on Belize with whom they share their southern border. Eco-tourism is a major industry and Othón P. Blanco maintains three zones of ecological reserve.

Solidaridad

Solidaridad is home to Playa del Carmen which is another major tourist hotspot south of Cancun. Almost entirely flat with a limestone base, there are no rivers or streams located here. Solidaridad is home to the eco-tourism park Xel-ha as well as Xcaret, a Maya archeological site.

Real Estate Market

There are a lot of diverse areas in Quintana Roo with many options depending on the lifestyle one is interested in leading. Tulum is known as a more laid back city with new developments centered on wellness and the nature of the nearby jungle, while Cancun residential property is more inclined to appeal to those looking for breathtaking views of the water and more urban and modern amenities

Development and investment in Quintana Roo is on the rise. In areas like Playa del Carmen, there have been significant pre-construction sales. The economy is tied directly to the tourism industry, especially in cities along the coast, but many homebuyers tend to be retirees or baby boomers and wealthy Mexican citizens looking for a second home.

As Quintana Roo’s lesser developed areas such as Tulum become eyed for investment, the affordable properties will become scarcer. Some predictions estimate that baby boomers entering retirement will seek the warm weather, affordable living and vacation opportunities. Many are finding that buyers are purchasing their vacation homes with the expectation of moving more permanently in the following decade of their lives.

Foreigners are restricted to purchasing certain types of properties. For instance, buying residential property within 31 miles of a coastline or 62 miles from the border is restricted and so foreigners must make their purchase through a Mexican bank trust.



  • Price per Square Meter to Buy Apartment in City Centre: Not available
  • Price per Square Meter to Buy Apartment Outside of Centre: Not available
Home Style Average Rent Price
1-bedroom apartment in City Centre Not available
1-bedroom apartment Outside of Centre Not available
3-bedroom apartment in City Centre Not available
3-bedroom apartment Outside of Centre Not available

Source: www.numbeo.com (March 2017)

Education

Education

There are 8 major colleges and universities located in Quintana Roo featuring a variety of bachelor’s, master’s and doctoral programs including everything from health and environmental sciences to teaching and technology. The University of Quintana Roo is a public university with campuses in Cancun, Chetumal, Cozumel and Playa del Camen.

All of Mexico’s schools are overseen by the Secretariat of Public Education. Public school is free for all Mexican citizens. Foreigners living in Mexico who want to send their children to school have a cost to bear. Many parents will often send their children to an international school or private school where English is quite commonly spoken.

Education