In Quintana Roo, a state in Mexico, only 40% of the local population owns a home, placing it 23rd in the national ranking. Despite the state's annual population growth rate of 3.5%, over 80,000 individuals are without a home.
Even though the real estate sector has seen a decline nationwide, Quintana Roo stands out as the only state where the number of mortgage loans has increased. This is accompanied by a rise in housing prices and employment rates, largely driven by the tourism and construction industries.
In 2023, Quintana Roo saw a significant surge in construction value, growing by 400% compared to the previous year. This growth was largely due to major development projects such as Section 5 of the Maya Train and the new Tulum airport. The state's employment rate has benefited from this construction boom and the thriving tourism industry.
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