In 2016 Tripadvisor named Tulum as one of the top destinations in the world. The ancient Mayan city has become very popular among Americans tourists and international travellers, quickly becoming the next big thing in Mexico real estate. It is estimated that by the year 2018, the Tulum real estate market will have become one of Mexico’s top sources of revenue.
Modern day Tulum began life attracting hippies, backpackers and travelers to its eco-chic, bohemian lifestyle. Now it gets over 5 million international visitors each year. Many of those who journey here have come to enjoy world class beaches, visit the ancient Mayan pyramid, and see the famous ruins. But there are others arriving in increasing numbers that are looking to stay long term and establishing roots.
Tulum went from having 600 residents in 1986 to the big numbers that we have today, which are in excess of 20,000. It has grown from a place with a few streets to a town that has banks, major supermarkets and gas stations. New houses and condominium projects are appearing all over town and there is a new bike path that connects the downtown area with the beach. Based on the growth of Playa del Carmen, Tulum real estate presents a serious opportunity for investors who get in now.
Tulum is one of the top ten fastest growing property markets in the world. Prices have risen about a third in the past 5 years on the Riviera Maya and demand is also going up. The past 3 years have seen an increase in sales of 25% a year. The Sociedad Hipotecaria Federal, which publishes Mexico’s house price index, says that prices across the state of Quintana Roo have risen 16% since 2012. Half of buyers on the Riviera are Mexicans purchasing investment property, while the remainder are foreign buyers looking for a second home. Americans make up the largest numbers of foreigner buying, followed by Canadians, Germans, Argentinians and UK residents.
Prices in Tulum continue to be very good when compared to other places such as Playa del Carmen or Cancun. This means that you can live in relative luxury for a much cheaper. For example, you can purchase a 2 bedroom penthouse in Aldea Zama, an exclusive gated community in Tulum, for around $300,000.
If that is outside of your price range then consider our Tuk Tulum project, which has a delivery date of October 2019. Located in a 25,000 m2 area containing 4 residential towers, prices for units begin at $125,000 USD. These include studios, one and two-bedroom apartments and penthouses, each one delivered fully furnished.
Tuk Tulum’s amenities include four rooftop pools, an amphitheatre, an outdoor spa and gym, paddle court, a sky bar and access to the beach club. They are utilizing eco sustainable techniques for the relocation of trees, along with renewable energy and the electric mobility from bicycles. Tuk Tulum will have its own boho-chic market with over 60 shops, ranging from organic stores to top-class international restaurants. There will also be an Art Walk, an outdoor museum displaying work from the world’s best-known street artists, similar to the Wynwood district of Miami. Those of you who are looking at this for investment purposes can expected a Return On Investment (ROI) that ranges from 8% to 13% annual, making this the ideal purchase for the vacation rentals market.