Cancun

Cancun is Mexico's premier Caribbean resort city and the gateway to the Riviera Maya. The city draws 30+ million annual visitors, anchors the Riviera Maya tourism corridor (Playa del Carmen, Tulum, Cozumel), and offers one of the Caribbean's most developed property markets for foreign buyers. Residential prices in beach-adjacent areas (Hotel Zone, Puerto Cancun, Playa Mujeres, Bahia Petempich) range from MXN 50,000-150,000 per square metre (USD 2,500-7,500), with gross yields of 6-12% in short-let depending on management quality. Cancun's Hotel Zone is the deepest short-let market; downtown (Zona Centro) offers materially better value for long-let-focused buyers. For international buyers, Cancun offers strong short-let yields, deep tourism demand, USD-pegged tourism revenue (effectively hedges MXN risk), and modern property infrastructure. The catch: it's in the 'restricted zone' (within 50 km of coast), so foreigners must purchase via the Fideicomiso bank trust structure (routine, but adds cost) or through a Mexican corporation.