The municipality of Tulum is “the king of real estate scams,” said Yunuem Zúñiga, director of Costa Realty Group México, who recognized that the problem continues despite the progress made to regulate the sector.
At a press conference, where details were given about a first aid course and the award for altruistic merit, Yunuem Zúñiga pointed out that there are many “improvised” people in the real estate sector who take advantage of the capital gains in the area to defraud the people, as is the case of the ninth municipality.
“Tulum is the king of scams. Nobody in my agency wanted to sell Tulum because there were apocryphal deeds, or land with up to three deeds,” she said.
In this sense, she pointed out that it is important for investors to verify the background of the company with which they plan to make a purchase, in addition to checking that the property has no liens and that it is in the name of the person who is selling it.
“We always advise the client, so that people are calmer about what they are buying,” she highlighted.
Despite the work carried out by the Mexican Association of Real Estate Professionals (AMPI) to ensure that all advisors are certified, “we are still halfway there,” he said, especially due to the constant rotation of personnel in the agencies, which makes professionalization difficult.
Likewise, the director of Costa Realty Group México explained that in Quintana Roo the capital gain is 14.7%. Currently, 79% of buyers opt for a finished product, 17% of people are looking to buy land and the rest prefer other types of investments, such as property and commercial.
The expert recognized that the investment gain when purchasing a lot is greater than a finished product, since it is a safe and less volatile way of investing compared to another type or business.