Will housing prices increase because of the Mayan Train?

The Mayan Train is an infrastructure project of the incoming government, which will connect five states in the southeast: Yucatán, Quintana Roo, Campeche, Tabasco and Chiapas . The tenders of the 1,500-kilometer railway project will begin on December 1, and it is estimated that it will have an investment of 150 billion pesos, from public and private resources .

Leonardo González, real estate analyst at Propiedades.com , commented on the scope of the work in real estate terms, “this railroad has a regional impact  , which impacts the complete mix of real estate and development projects of its origin-destination cities. Generally, a new transport route detonates multiple development nodes that improve the real estate cycle of these areas. “

Given this situation, the real estate portal reviewed the prices of housing in the five entities involved in this mega project. The highest local currency prices are: Oaxaca with 2.6 million at home and 1.6 million per department; Yucatán with 2.1 million and 1.8 million; Campeche ranks third with 2 million and 780 thousand pesos.  

In Tabasco , the houses have an average of one million 950 thousand pesos and the departments 950 thousand, in Quintana Roo and Chiapas the houses have a value of 1.7 million and 1.6 million respectively.

In case the “project materializes and generates expectations of regional development, then we would expect a greater flow of investments , a new housing scheme, and greater real estate liquidity ; which should ultimately improve the pace and transactional quality of these cities, “González Tejeda concluded.

To achieve the transition it will be necessary to coordinate the local and federal government with business delegations to enable services and logistics for project development.

Source: inmobiliare 

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