Maya Train Brings High Expectations Among Real Estate Experts
The upcoming plan to link the entire Yucatan Peninsula is showing favor among local land and property investors who are expecting an increase in prices and land value.
The Mayan Train is one of the projects biggest projects launched under administration of newly appointed Mexican president Andrés Manuel López Obrador (AMLO). The goal of this 1,500-kilometer railway project is to connect the states of Yucatan, Quintana Roo, Campeche, Tabasco and Chiapas. In total, it is a massive infrastructure project, estimated to have a cost of $5.2 billion USD.
The Yucatan bullet train will allow easier access to ancient Mayan archaeological sites and picturesque colonial cities like Valladolid, which offer a wide range of experiences for tourists. The Riviera Maya Train will be modern, with speeds of 150-160 kph (93-99 mph) and outfitted with a large dining room, lounge and panoramic viewing cars.
Departing from the Cancun International Airport, the train will pass through Playa del Carmen, Tulum, Bacalar, Campeche, Calakmul, Escárcega, Palenque, Ciudad de Campeche, Mérida, Chichen Itzá and Valladolid.
For developers and real estate brokers, the Tren Maya offers a boost to the local economy as more locations become easily connected and land values and properties are expected to rise due to the news. Real estate website Propiedades.com recently reviewed the prices of housing in the five entities involved in this mega project. Leonardo González, an analyst for Propiedades.com, says that “this project allows new options for productivity and habitability for its users, which could impact all of the southeast.”
Here is how the states rank:
1st Oaxaca, with 2.6 million pesos for homes and 1.6 million pesos for departments.
2nd Yucatán, with 2.1 million pesos for houses, and 1.8 million pesos for departments.
3rd Campeche with 2 million pesos for homes and 780,000 for departments.
4th Tabasco, houses have an average price of 1,950,000 pesos, and the departments 950,000.
5th Quintana Roo, houses cost 1.7 million pesos
6th Chiapas, 1.6 million pesos.
Visitors to the Riviera Maya and southern parts of Mexico’s Yucatan Peninsula will have fast, easy access to Mayan archaeological sites, colonial cities, and tours which were once difficult to access. With the new train, these and many others be within a easily reachable distance thanks to the speed and directness of travel which will join them together along the rail system. This increased movement of people will allow people to venture off the beaten path and discover many of Mexico’s hidden gems of archaeology and natural beauty.