Vacation Ownership at Royal Resorts
Frequently Asked Questions
The Mexican economy has been receiving accolades for its recovery from the global recession in 2009 and for its stability. The annual inflation rate is one of the lowest in the OECD and its growth rate stands at over 4% for 2011, despite continuing uncertainty in the world’s financial markets.
Royal Resorts is a Cancun pioneer with over 30 years developing, building and managing five-star resorts in the Mexican Caribbean. It has a membership base of over 85,000 families from 71 countries and a customer satisfaction rate of 97 percent, the highest in the industry. It has a reputation for honesty and integrity.
With its combination of Caribbean beaches, Mayan history, Mexican hospitality, year-round sun and a world of natural and historical attractions on the doorstep, Cancun has become the second most important vacation ownership market in the world, after Orlando, Florida.
Cancun International Airport is the second largest airport in Mexico and an important regional hub with direct flights to major cities in the United States, Canada and Mexico and European and Latin American capitals. Traveling to Cancun is very easy.
The government has also invested billions in infrastructure – in highways, power and water supply grids and Internet connections in the area. Cancun and Playa del Carmen have modern schools, universities, hospitals and US and Mexican supermarkets and department stores, in addition to upscale shopping and restaurants.
The drug-related crimes you’ve read about are thousands of miles away. Like any other international travel destination, the Mexican government sets a high standard for security in this area. According to articles in USA Today and The Economist, crime risk in the Yucatán is lower than some U.S. averages and some statistics indicated that this area is as safe as Wyoming and Montana.
The Mexican Constitution prohibits direct ownership by foreigners of real estate within 100 kilometers of any border, and within 50 kilometers of any coastline. However, the Mexican government introduced a system of land trusts known as fideicomisos (fiduciary trust) so that foreign nationals can invest in property inside the restricted zones.
Fiduciary trusts are administered by a Mexican bank. You are the trust’s sole beneficiary and have full rights to the property. The trust protects your ownership rights and enables you to name a beneficiary upon your death.