Believe it or not, in the 1960’s Cancun was little more than a deserted Caribbean outpost that hardly anyone even knew existed. Still, Mexico’s government could see the potential of this pristine stretch of coastline and set about to turn the area into the world’s next big tourism hotspot.
At the time, the area was home to little more than a coconut farm and was thick with marshes, mangroves and virgin tropical forest. There were no real roads or electricity to be found, so the government had to start from scratch to transform this region of wild natural beauty, soft white sand and sparkling turquoise waters into the thriving city and tourist zone that it has become today.
Now, more than 7 million international visitors fly into Cancun each year to enjoy everything the city – and increasingly the fabulous Riviera Maya region just to the south – has to offer.
So, what does all of this mean for you? It means that the opportunity still exists to get in early and take advantage of the coming Tulum real estate boom. Located just over an hour south of Cancun and about a half hour south of Playa del Carmen, the ancient Mayan city of Tulum is quickly becoming the next big thing in Mexico real estate.
As with Cancun, those who act fast will make a killing since the Path of Progress in this region has been an ongoing story with winners at every turn. After building roads and an international airport, the government also put in a state of the art water system and brought electricity in from nearly 100 miles away. In addition, hotel and resort conglomerates were encouraged to invest in the region with hefty building incentives that were designed to fan the flames of exponential growth.
When the first hotels and the airport opened in 1974, the real estate boom here had only just begun and today the opportunity continues just south along the coast. As luxury hotels, resorts, shopping and restaurants flourished in Cancun, developers realized the region was ripe for additional development; and so Playa del Carmen was born.
Although it was little more than a fishing outpost in the 1980s, by 2006 Playa had repeated the success of Cancun and became the fastest-growing community in the world, according to the Guinness Book of World Records. Today, it is a chic yet still affordable beach town that is complete with cobblestone streets, high-end shopping, fabulous cuisine, trendy cafes and all the amenities of home, such as Home Depot, Sam’s Club, Starbucks and English-language movie theatres. No wonder Playa del Carmen is one of the world’s most popular ex-pat communities!
Since the government has already managed to transform the first two prime locations in the Riviera Maya, its next project involves turning the town of Tulum into the next big thing. In fact, the goal is to triple the number of visitors to this location by 2025.
Considering that in the early 1990s you could still buy a lot in Playa for as low as $10,000 but today would have a hard time renting the same lot for less than $20,000, it’s easy to see how Tulum real estate presents a serious opportunity for investors who get in now.
Tulum had only 600 residents in 1986 but today has more than 20,000, and the signs of progress are everywhere. Over the last five years Tulum has evolved from little more than a few streets of uninteresting homes to a thriving town with major supermarkets, gas stations, banks and sidewalk cafes. New houses and condos are cropping up all over town and a new bike path now connects downtown with the beach, which is also home to an impressive ancient Mayan pyramid.
The beach at Tulum is a world unto itself, with a variety of eco-chic boutique hotels, bars and fabulous restaurants. Here, visitors enjoy participating in yoga, bikini boot camp and a variety of spa-inspired detox treatments, such as a hot stone massage or facial.
The bottom line? Tulum is hot right now and is only poised to get hotter – this is a classic opportunity for investors to buy in the path of growth – with the Caribbean Sea on one side and two million acres of protected land on the other, the available free land is limited and demand is rising steadily – what more could any investor ask for?
Oh, and one more thing…
Just in case you need one more reason to consider planning a trip to Mexico’s Riviera Maya, you should also know that the region is about to be the location of a new international airport that is already in the planning stages. As of this writing, they are still expecting to break ground in Tulum later this year. Upon its construction, the area will begin to see an incredible surge of new visitors, projected to reach upwards of 3 million in the first year alone by conservative estimates.
No wonder some of the world’s smartest investors have been purchasing large amounts of real estate in the Riviera Maya, including Playa del Carmen and Tulum. The area currently offers one of real estate’s rarest opportunities: The perfect recipe of unbelievable prices on land, with a huge upside potential in the very near future.
So what are you waiting for? Contact us today to learn about our free Chill Weekend and come see for yourself why so many people are talking about buying property in Mexico!
These laid back viewing trips are never sponsored by a developer and allow potential buyers to spend a few days getting acquainted with Mexico. We will help you check out a variety of homes and/or investment properties while you enjoy a free, 5-star mini vacation.
At Investment Properties Mexico, we are Buyers’ Agents and only represent you – the Buyer – never the seller. Our commitment to putting the Buyer first has resulted in at least a 10 percent savings on average for our clients over our competitors. In addition, our services cost you nothing and your interests are always our first priority, which is why our clients keep coming back and love to give us referrals.
Contact us today to learn more about this amazing opportunity!