In a few other news articles, I’ve talked about the construction plans for the new Maya Train project. As a reminder, it’s a 1,500-kilometer railroad project that will connect five states in the Yucatan Peninsula and in southeast Mexico. Those five states are; Yucatán, Quintana Roo, Campeche, Tabasco, and Chiapas. The project is slated to begin on December 1 and is going to be lead by the new incoming government.
The project is generating great expectations of regional development, and we expect a greater flow of investments, a new housing scheme, and stronger real estate liquidity.
Leonardo Tejeda, an economics analyst, has performed comprehensive research on the details of this project. He’s also analyzed the impact the train will have on local real estate. He said “this railroad will have a significant regional impact, which influences the complete mix of real estate and development projects of its original-destination cities. Generally, a new transport route equates to an improvement in the real estate cycle of these areas.”
Tejeda further explained how this project will impact the overall economic health of these regions. “The project is generating great expectations of regional development, and we expect a greater flow of investments, a new housing scheme, and stronger real estate liquidity. In total, the railway should improve the pace and transactional quality of these cities in terms of real estate growth.”
As a real estate investor in these regions, the train is not only good news for attracting more tourists, it also serves to increase the value of real estate properties in the Riveria Maya and throughout the Yucatán Peninsula.