Mayan Train route benefits new investments
The Mexican "Tren Maya" project is of interest and whets the appetite of investors throughout Mexico.
Even Spanish hotel chains are analyzing opening and expanding in cities where the Tren Maya has stations.
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The main reason is because of the vision of the potential in destinations with stations of this mega project in the Riviera Maya.
At IBrokers we are always on the lookout for new real estate investment opportunities. This allows us to study in advance and prepare for the future when there is a certainty of success in these investments.
Hotel chains such as Meliá, Riu, Iberostar and Barceló are also analyzing the opening of hotels in cities such as Playa del Carmen, Tulum, Bakalar, Xpujil, Calakmul, Escárcega, Palenque, Mérida, Chichén Itzá and Valladolid.
The advantage that exists with tourism in this region is the access to tourists worldwide.
The Mayan Train seeks to guarantee and safeguard the environment, protect the archeological and cultural heritage, respect the rights of indigenous peoples and promote the economy.
An interesting fact that should be mentioned is that by the end of 2020, the Mayan Train The company's success has led multiple developers to invest close to $8.9 billion to shore up the real estate sector.
The Mayan Trainis a mega project with an initial estimated budget of between 6.5 and 8 billion euros, promoted by the President of Mexico, Andrés Manuel López Obrador.
The development of this project requires a greater hotel investment in the destinations where there will be stations of the Mayan Train. Spanish, Chinese, Canadian and U.S. hotel chains represent a high level of investment throughout the country and there are plans to continue encouraging these investments in new areas of opportunity.
The Mayan Train is President López Obrador's largest tourism project. It will consist of 1,500 km of tracks and will integrate the main tourist points of the Mayan zone: the states of Yucatan, Quintana Roo, Tabasco, Campeche and Chiapas. It will be a high-speed train departing from Cancun Airport and with all the amenities for tourists, including private cabins and a restaurant with regional food, but also cars for workers in the sector to travel more comfortably to their jobs.
So far there are already 600 to 700 kilometers of railroad track that operated in the past, however, the bids foresee that these sleepers will be modernized to use the new technology and specifications required for a faster train, which will run at 140 to 150 kilometers per hour. The Mayan Train will cost 150 to 160 billion pesos, of which 20% will be financed by the Mexican State and the remaining 80% will come from private financing and will operate through concessions, in a project projected to be built in four years for its entry into operation.
Real estate developments: the most attractive for investors
When the project has materialized, it will generate great expectations for regional development. And then we should expect a greater flow of investments, both from domestic and foreign companies, a new habitability scheme and greater real estate liquidity. This should improve the pace and transactional quality of these cities.
The connectivity of the high-interest areas will provide a fertile field for real estate investment, which will amount to US$150 billion.
In order to develop the different real estate business projects of the 15 stations that will be spread throughout the Maya World, such as shopping centers and real estate developments, a trust will be created for all the land reserves where the different projects will be carried out.
The real estate businesses associated with the stations will have a long period of development based on the territorial reordering that can be generated with sufficient reserves to face the long-term growth of the development of the region. Mayan Train.
On the other hand, assistance will be sought from various public and private institutions to finance the construction of the Mayan TrainThe investment required for this will be between 120,000 and 150,000 million pesos, of which 90% will be private investment and 10% will be public investment.
In the same direction, for the development of the real estate projects around the stations, we are analyzing whether to place an Investment and Real Estate Trust or a Development Capital Certificate in the stock market.
In addition, it was established that the investment in real estate developments associated with the Mayan Train will be equal to or greater than the estimated $120 billion to $150 billion for the rail project.
As a result, there has been an increase in supply and demand for residential lots throughout the Mayan world, where investments in safe and fast-growing environments stand out. This residential segment is the one that has registered the greatest appreciation and stability in the market.
In terms of type, vertical housing supply predominates with 70% of preference over horizontal housing. In addition, the supply of housing for sale has a 79% before rental housing, according to 2020 real estate market data.
Attractive developments in Yucatan
Due to the development of real estate projects and infrastructure works that have grown in 20%, it is estimated that there will be a greater continuity of real estate works throughout the peninsula.
Among the connected states, Yucatán is the one that will benefit the most from the Mayan Train by positioning itself as the nerve center of the region. It leads all growth trends in formal employment, social development, and urban and tourism infrastructure.
And Merida is among the fastest growing cities in the country, with thriving real estate investment and a high perception of safety.
Data from the Association of Real Estate Developers reveal that the Yucatan capital city occupies a privileged position in the supply and marketing of spaces, being among the top five municipalities in Mexico in this sector.
Demand has also increased, as it is now possible to work remotely and the new job offers that will be available in the country are attracting the attention of people with the intention of buying real estate, which has increased to 5%.
The main advantage of this type of development is that everything is close to or within the housing complex, and there are places where people can go, which makes urban mobility much less.
For this reason, in recent years, real estate developments have gained ground in Yucatán. Little by little, we are finding developments that integrate various components, such as housing, hotels, shopping centers and offices within the same project.
And the trend suggests that these types of projects will continue to expand throughout most of the country. However, Yucatán tops the list of favorite cities, as it offers options to detonate urban development and expand the city's connectivity.
Since 2018, Merida has surpassed US$2 billion in real estate investment, and has positioned itself as a center of great expectations thanks to the expansion of companies, job opportunities and high purchasing power migration.
The station of the Mayan Train in the city center is a trigger for development oriented to transportation, mobility and real estate.
It's time to start investing! At IBrokers we advise you about everything related to real estate investments. Do not hesitate to contact us, it will be a pleasure to talk to you.
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