Property Sales Fall Up to 40% in Quintana Roo as Economic Crisis Bites, AMPI Warns

Quintana Roo — Property sales in Quintana Roo have fallen between 35% and 40% as economic uncertainty weighs on both the state and the country, according to Eduardo Marzuca Ferreiro, president of the Mexican Association of Real Estate Professionals (AMPI) in Quintana Roo.

The contraction is hitting southern Quintana Roo hardest, where Marzuca said economic uncertainty is holding back investment and reducing the cash available for real estate transactions.

Call to Cross-Check Notary Records

The industry leader proposed comparing AMPI’s figures with records kept by notaries public to measure precisely how far property transfers have fallen. “We are talking about an interesting figure, a very strong one,” he said.

Prices Rise Despite Slower Sales

Marzuca also acknowledged a considerable increase in property prices over recent months, in a market where, he said, supply and demand determine values.

He voiced concern about the involvement of the SAT, Mexico’s tax administration service, in certifying property appraisals in Quintana Roo. According to Marzuca, those valuations were well above the real value of the properties, although he said they have been adjusting gradually.

Development Pole and Urban Plan

The AMPI president said the sector still does not know the details of a development pole announced for the region, and that the project is at too early a stage to affect the city’s real estate activity.

Marzuca tied any recovery from 2027 to the publication of a new Urban Development Program (PDU), noting the city continues to operate under the plan in force since 2021.

He added that the association is working on measures to combat real estate fraud in the state, without giving figures or specific cases.