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Cancun Real Estate
 In spite of Cancun's instant name recognition around the world, it is still a fledgling city. Development originally began in 1970, and two years later the resort was officially born. Home to thousands of North Americans and, increasingly, Europeans, Cancun has become the epicenter for Mexico's booming tourism industry - the seventh-largest in the world.
Cancun superceded Mexico's other internationally recognized resort, Acapulco, as the nation's number one destination spot during the mid-eighties and has experienced development and growth unrecognized in any other Mexican beach resort. The resort, built across a razor-thin spit of coast that juts out into the Gulf of Mexico, boasts sandy white beaches and crystal clear water. It is home to 140 hotels, with more than 24,000 rooms and 380 restaurants. Over four million visitors arrive each year to either honeymoon, spring break or retire, although the resort town suffered a serious dip in the aftermath of Hurricane Wilma which wiped out Cancun's famous beaches and caused millions of dollars in damage. Sensing a major loss of income in tourism revenue, the government quickly set about importing tons of white sand to replenish the resort's coastal areas. Today the resort is almost completely repaired and operating normally, although minor pockets of damage still remain. The appeal of the Cancun real estate market is obvious. However, the resort is entering a new phase in its development. Saturated with outdated hotels, especially along Cancun's famous strip, developers are bulldozing them down in favor of luxury style condominiums. Fractional ownership is also becoming popular here as middle- to upper-class foreigners increasingly covet the trappings of the super rich and get the chance to live like them for two or three weeks a year. Cancun's mainland city is also undergoing an extensive overhaul. Home now to over 600,000 inhabitants, the city infrastructure has had trouble keeping up with the influx of residents. Puerto Cancun, in the city center, is a good example of the new wave of construction that is taking place, with spacious, eco-friendly apartments being erected. As the city grows, so too does the price of real estate. More developers are building further away from the hotel zone with the objective of offering cheaper properties in more tranquil surroundings. This has appealed to retirees who shun the boisterous settings that the resort is famed for. Return to top |
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Map of Cancun
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| | Living in Cancun
Cancun is blessed with endless stretches of white sand beaches kissed by turquoise waters. This is Mexico's premier vacation destination, a Caribbean extravaganza with charms to entice any visitor. Cancun has a wonderful array of accommodations at great prices.
| | Retiring in Cancun
Cancun might not be the first place that springs to mind when thinking of retiring in Mexico, but this coastal resort has a lot more to offer than boisterous mega clubs and an army of U.S. springbreakers. As soon as you're out of the hotel zone everything becomes much more sedate, with low-rise buildings and larger public spaces.
| Working in Cancun
Most expatriates either arrive in Mexico to work for a multinational company or with the idea of trying to find a job here. The latter has limited scope due to Mexico's fairly rigid labor laws. To get work in Mexico, a foreigner has to prove to the immigration authorities that he or she is capable of doing a job that a Mexican national isn't qualified to do.
| | Vacation Activities in Cancun
There are so many activities to participate in that you will find you need extra vacation days to try them all. You can swim in the warm waters of the Caribbean or in one of Cancun's many hotel pools. Water sports abound: windsurfing, parasailing, scuba diving, snorkeling, boating and fishing.
| | Schools in Cancun
A listing of schools in Cancun.
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