Planning a trip and thinking of looking for investment properties in Tulum? I recommend that you do it sooner rather than later.
As the demand for investment properties in Tulum continues to rise, we will see more and more people and companies buy property in Tulum to rent out. As more people buy in Tulum, prices will rise once again.
In this article, we explore the 3 reasons why Tulum real estate home prices will rise soon.
1. Infrastructure / Connectivity from Mayan Train & New Tulum Airport
The new Maya Train coming into Tulum, Mexico will make it much easier for tourists to visit the area. Tulum is a top vacation destination for tourists from Europe and North America.
Tulum has seen its population grow by over 70% since 2009, while the price of real estate in the area has increased by over 300%.
In fact, the average price of a home in Tulum is now close to $200,000 USD. With the completion of the new Maya Train and New Tulum Airport, the prices are expected to double.
The New Maya Train and new Tulum Airport being built have made Tulum, Mexico a hot sell for real estate investors. The price of land in this area is going up.
With more travelers visiting this area for vacations, more restaurants and businesses are opening up to attract them!
2. International & national visitors will increase as much as 300% in 2023-24
Tulum is a perfect example of investing in real estate abroad. The city has become the hottest spot for tourism and it has also become one of the most visited cities in Mexico.
The Mexican government is predicting up to a 300% increase in the number of visitors in 2023. With the easier access to Tulum from the Mayan train, there will be a significant increase in people traveling and visiting the region.
This means that there is a big demand for vacation rentals, short-term, and long-term housing. Tulum is an excellent choice because it is still considered an emerging market, which means that prices are not yet as high as they will be in the short future.
The best part is that Tulum has international and national popularity. The city will continue to rise in popularity and demand. So you can be sure that your investment will also be profitable in the long run.
3. Supply issues
Tulum real estate prices will go higher with supply issues in the future. This is due to the increase of demand for short-term to long-term housing.
Any market where the demand is high but the supply is short experiences a rise in rental prices and property prices. Tulum will be no different. In fact, because of the demand rising rapidly (due to the Mayan train and airport), there will be quite a rise in prices soon.
It is believed that inflation from the US market will also play a contributing factor to the rapid rise of housing prices which be sooner than later.
When is the best time to buy Real Estate in Tulum Mexico?
The best time to buy real estate in an emerging market such as Tulum is before the market experiences a rapid ascent. Though Tulum prices have already risen a lot in recent years, right now is perfect to buy property as the prices are affordable and at bargain prices.
Waiting closer to the completion of the Mayan train and Tulum airport will mean you will be buying Tulum property at a higher price than it is right now.
Waiting too long to buy means you’re going to pay more for the same property. Prices are constantly rising in Tulum.
We hear so much about ‘opportunity cost’ that we don’t want you to lose out on your own opportunity to invest in Tulum real estate market.
To make sure you don’t miss out on the best prices of Tulum real estate, chat with a real estate agent in Tulum.
Start searching for Tulum listings now by clicking the links below: