What Makes Tulum Real Estate an Investment Paradise in 2024?
There is no doubt that Tulum is a hot vacation spot. With its pristine beaches, Mayan ruins, and plenty of cultures.
But did you know that the Riviera Maya is also one of the fastest-growing markets for real estate?
And its tourism that is spurring the growth of real estate in Tulum Mexico.
In 2016, Forbes reported a 76% increase in tourism to the area. Millions of tourists flock to see the Mayan ruins, bike down the hotel zone, and enjoy the sunsets at the beach.
So it comes as no surprise that investing in Tulum today is a smart move.
But here are the 10 reasons to invest in Tulum in 2024.
1. Lucrative time to invest
If you are thinking about investing in Tulum, Mexico, now is the perfect time.
This gorgeous beach town is a popular destination with celebrities and influencers. Who share their Tulum vacations there on their social media platforms.
This has brought a lot of attention to Tulum. From international media outlets. Such as Forbes Magazine and The Financial Times.
But why invest right now in Tulum? Tulum is only getting more and more attention every day.
And the more attention Tulum gets the more it grows. And it’s not slowing down anytime soon.
When you invest in a vacation home you can make an extra income from renting to tourists.
2. Strong Vacation Rental Market Growth in Tulum
As tourism continues to rise, so does the demand for hotel rooms. Tulum is developing at a record pace to keep up with the demand for vacation homes.
Tulum’s vacation rental market grew by 66.2% from 2020 to 2021 despite the COVID-19 pandemic.
Click here to read more about Tulum’s 66.2% Vacation Rental Growth.
The largest growing vacation rental market segment is the millennials. And it’s growing fast. Millennials will soon be the largest part of the vacation market.
And millennials prefer to stay in an Airbnb or vacation rental than a resort or traditional hotel.
Click here to read about how the millennial market is accelerating the vacation rental market.
Infrastructure changes to the region will increase tourism by 2 to 3 times in 2024 and beyond.
With the Mayan train and Tulum airport being built by 2024.
Click here to read about the Mayan Train progress.
Click here to read more about the Tulum Airport project.
Riviera Maya
3. Tulum Property values will keep rising
Property values will continue to rise, so your investment will only increase in value. In the last 4 years, the property value in Mexico has increased by under 10% per year.
According to a Mexican mortgage association, the average property price grew by 8.1 percent in 2018. And 10.8 percent in 2019.
The population of Tulum will continue to grow. As the region experiences upgrades, the value of the property will rise.
That’s why many investors are investing in Tulum now – as property prices are affordable.
Click here to view the Average housing price in Mexico in 1st Quarter of 2021 by statista.com.
4. High ROI and Equity Income
In recent years, the highest capital gains and vacation rental income in Mexico are made in the state of Quintana Roo.
Vacation rentals are a great option to make excellent returns in Tulum. And Tulum offers lots of beautiful properties to invest in. With many options for buying a vacation home as a rental.
Tulum has maintained a high level of growth thanks to new settlers and new investors.
Retirees, families, and remote workers from the US and Mexico are some of the profiles moving to Tulum.
And according to Airdna, Tulum vacation rentals collect the highest short-term income in Mexico.
Click here to review Tulum Vacation Rental Income on Airdna.
5. Healthy Living and Eco-Conscious
Tulum is a beautiful, trendy, low-key, chic, and eclectic town located in Mexico. It offers a mixture of colors, cultures, flavors, and nationalities. All coexist in harmony under one concept.
An eco-Mexican destination situated between the tropical jungle and the Caribbean Sea.
Tulum has tons of restaurants, cafes, and markets. Many focus on organic ingredients, healthy living, and eco-conscious choices.
Whether you’re taking a Tulum yoga class on the beach. Or gazing out at the turquoise water while floating in an open-air jacuzzi. You’re completely immersed in nature.
The local government of Tulum has created a plan to preserve the natural beauty of the area. While real estate developers work to create an eco-real estate in the area.
6. Presale and New Construction opportunities
If you want to invest in affordable new developments in Tulum, now is the time!
Tulum presale and preconstruction opportunities allow investors to lock in appreciation. From the time they break the ground to delivery.
This can provide an increase in the value of 12-20% right away!
Click here to read more about the benefits of buying preconstruction property in Tulum Mexico.
7. Investment regulated by law
In Tulum, the area is under the supervision of the Mexican Association of Real Estate.
Tulum real estate activities are protected by Real Estate Law. The laws and institutions govern the investment process. They ensure all parties involved do business without fear of fraud or exploitation.
By following the laws and institutions, people feel safe to invest in Tulum real estate.
8. Foreign Investment in Property is allowed
Americans and foreigners can invest in Mexico. It used to be that foreigners weren’t able to buy property in the Restricted Zone. But the law changed almost 30 years ago, and foreigners can now buy Mexican real estate.
Foreigners now have access to more affordable and high ROI properties in Mexico. As buying property in your own country can be more expensive. That’s why Mexico is great for many first-time investors.
Click here to read about the Mexican law for Americans and foreigners buying property in Mexico.
9. Growing Media attention
From travel and lifestyle blogs to major news outlets. Tulum is receiving growing media attention. And not from the usual travel magazines or websites.
News outlets like the New York Times, Huffington Post, and Fast Company. All report on Tulum’s popularity. Tulum has become one of the biggest tourist destinations in Mexico.
In 2016 Tripadvisor named Tulum as the Top growing destination to travel.
And Tulum gains lots of popularity through social media, particularly Instagram and TikTok.
Check out these latest Tulum Instagram posts.
10. Infrastructure and rapid development
Tulum real estate is set to grow even more in the next coming years with 3 major projects.
The first is the Mayan Train which will connect Cancun airport to Tulum. And the second project is the Tulum airport which will finish construction at end of 2024.
The third project is the formula 1 circuit in Puerto Aventuras. All three projects will bring even more international attention to Tulum Mexico. Tulum will double or triple the tourism throughout the region of Riviera Maya Mexico.
Click here to read more about the Mayan Train.
Read more about the Tulum Airport project.
Find out about the F1 Circuit in Puerto Aventuras.
Now is the time to invest in Tulum Mexico
Now is the right time to buy Tulum real estate.
Are you looking for a new home or short-term rental property in the thriving city of Tulum?
Contact our qualified real estate agents to help you find a property in Tulum at no obligation. As the buyer, our real estate agent service is free and at no cost to you.
Click here to contact our qualified real estate agents in Tulum now.
And don’t forget: prices will only get higher from here! It’s a perfect opportunity for you to secure your first investment property in Tulum.
