Cancun, Quintana Roo — The Mexican Association of Real Estate Professionals (AMPI) is currently monitoring at least 200 real estate developments under construction in Cancun to ensure they comply with all permits and regulations, aiming to prevent fraud.
Patricia Mora Vallejo, AMPI’s Southeast Regional Coordinator, said the association has become more cautious in promoting developments, requiring several documents from developers to avoid scams.
“We have established various safeguards, including requesting the developer’s resume, a market study, and a source of credit, because pre-sales alone do not build a development,” she said.
Developers must also have valid permits, and AMPI conducts reviews every six months to verify they are meeting construction goals.
Mora noted that the association reviews legal folders before promoting any property, but risks remain because developers handle the financial side.
Dafnee Nazareth Fuentes Trujillo, president of AMPI’s Cancun chapter, said the problem with irregular developments often starts with someone promoting them improperly.
“They take a piece of land, subdivide it, and start selling it without papers. From the moment there is no legal certainty, they are contributing to this type of development,” she said.
Fuentes added that property values in Cancun rise between 8% and 12% annually, and the city remains one of Mexico’s most sought-after destinations for real estate.
Regarding agent certification, she said the state’s Sustainable Urban Development Secretariat (Sedetus) has registered 2,300 certified agents, with the municipalities of Bacalar and Benito Juárez seeing significant growth in that area.
She emphasized that people looking to buy property should ask their agent if they hold this certification, which is listed on official platforms.
