2009-07-04 16:36:10 - Novo Cancun became the second massive Mexico real estate project by Spanish developers to open in Quintana Roo, Mexico, this week, said RE/MAX Investment Properties, Cancun real estate agency.

Novo Cancun, a multi-million dollar condo tower project that forms part of the Puerto Cancun real estate development, opened its doors on Thursday, said Cancun real estate agency, RE/MAX Investment Properties, today.

The total project has an area of 160 acres, surrounded by water at the entrance to Cancun's modern and luxurious hotel zone.

Spanish developers, Hansa Urbana, say that 80% of

the condos in the project are already sold.

Juan Manuel Salgueiro, International Director for the project, said that 80% of sales have come from Mexicans and 20% from foreigners.

Novo Cancun is the second massive Mexico real estate project by Spanish developers to open in Quintana Roo this week.

Just a day before, the Banyan Tree Mayakoba resort in the Riviera Maya was also opened, demonstrating the fast recovery of the tourism sector in Mexico and the continuing confidence of foreign investors in the country.

The time for buying Cancun real estate has never been better. Since the building boom there began in the 1980s, values have constantly increased and still do so at a fast pace, despite the global economic crisis.

For more information about Cancun real estate visit: www.investmentpropertiesmexico.com/Cancun-Real-Estate.htm