Metropolitan Area, Technical Definition: A metropolitan area, also called Metropolis, a major city together with its suburbs and nearby cities, towns, and environs over which the major city exercises a commanding economic and social influence with high demand for living in them.

You have probably heard this concept in your country, since in most countries there is one. It is the metropolitan area, an urban center of concentration and a large number of inhabitants, with significant economic activity and where more than two cities converge.

Between the 1940s and 1970s, Mexico City (formerly known as the Federal District), the state of Jalisco and the state of Nuevo León, with their capitals Guadalajara and Monterrey respectively, experienced greater industrialization and modernization, as well as their consolidation as the main economic and population centers of the country, thanks to this they become the main metropolises of Mexico.

The advance of urbanization and the expansion of cities has implied functional, morphological and qualitative changes, and has imposed on their functioning a new framework of conditions as a result of the emerging globalization of production and markets. This resulted in the implementation of a new economic and development strategy where trade liberalization, privatization and deregulation were the immediate measures of the new plan.

The Urban Competitiveness Index (ICU) 2020 measures the capacity of cities to generate, attract and retain talent and investment that trigger the productivity and well-being of their inhabitants. Mexico City, Guadalajara and Monterrey are in the Top 10 of the Cities with the highest competitiveness index in Mexico.

While it is true that living in a big city can bring great financial benefits, traffic and stress, it also brings other personal considerations that positively influence other aspects of our lives, such as: culture, networks, diversity and lifestyle.

Large cities provide huge efficiency benefits, resulting in unprecedented gains in productivity and competitiveness. They have the capacity and infrastructure to provide their residents with:

l Knowledge centers, innovation and specialization of production and services.

l More opportunities for interaction and communication that promote creative thinking, creating knowledge spillovers and developing new ideas and technologies.

-More opportunities to learn and share.

-More and better options of products and services for consumers.

-Better job opportunities.

-Greater access to Banking Institutions and Financial Products.

The easy access to education, connectivity and financial products offered in Mexico City, Guadalajara and Monterrey, is what makes the natives of these localities the main investors of real estate products in the Riviera Maya.

As a starting point, before acquiring a property, Mexiquenses, Tapatíos and Regios (according to their demonym), have completed from their computers or mobile devices, a search about the real estate offer, risks, benefits and returns that must be considered before make the decision to invest in real estate.

Then they analyze what is the best way – based on their personal finances – to make their investment, either through a mortgage or personal loan, with payment plans or full payment.

Once the payment method has been defined, the time has come to contact the sellers of the products that they find most attractive, whether due to design, location, amenities or price.

Here, we want to share some recommendations for you so you can get the best “deals” and a very pleasant customer service experience:

1. -Look for developments in Pre-Sale. Investing in a development in pre-sale gives you high capital gains in a short time, since the launch price is up to 30% lower than the market value.

2. -Look for reliable and reputable agencies. Fortunately, there are many ways to know if an agency is trustworthy, for example: check their website, check in their social network, how many followers they have, recommendations and comments, interactions and response time, schedule a visit to their offices (many real estate agencies offer packages with great discounts or with full refund).

3. -Work with a single Real Estate Advisor. Find the person who gives you the best advice, the one who clarifies all your doubts in detail and with whom you feel empathy. Working with multiple agents at the same time will only create confusion.

4. -Ask about current promotions. Thanks to the high competitiveness that exists in the real estate market of the Riviera Maya, you will always find discounts or current promotions, so don’t let them slip away and reserve your unit as soon as possible.

The Riviera Maya is one of the world’s leading vacation destinations, giving real estate investors an edge with a wide variety of activities to the delight of tourists, including world-class diving and snorkeling tours along the second largest barrier reef in the world and easy access to ancient Mayan archaeological sites, cenotes and water parks.

Our investment clients from Mexico City, Guadalajara and Monterrey know it and are already enjoying the Returns on their Investment, they made their assets grow and while having a place to vacation in the Riviera Maya … What are you waiting for?