If you were to look at a photo of Cancun in the early 1970s, it would be virtually unrecognizable, compared to the world-famous vacation destination it has become today. Simply put, this is what happens when real estate is caught up in the Path of Progress. Prices explode and millionaires are made – sometimes quite literally – overnight.
Today, what happened several decades ago in Cancun is happening again just 80 miles down the coast from Cancun in a growing town called Tulum. Here, the beaches are even more beautiful, with soft, white powder sand overlooking the turquoise waters of the Mexican Caribbean.
Surrounded by pristine tropical jungle, ancient Mayan ruins and a biosphere nature reserve that encompasses more than one million acres, the ancient town of Tulum began to get noticed by savvy travelers as a backpacker’s retreat, but is quickly turning into an eco-chic getaway spot for those looking for an upscale experience with a laid-back vibe.
Add to this the fact that the world’s second largest barrier reef is located just offshore, and it’s easy to see why Tulum is poised for tremendous growth. Today, travelers can still find affordable accommodations, but there are also upscale options where minimalist suites harness solar energy to power flat screen TVs and guests can practice yoga on the beach at sunrise to the tune of $500 per night.
But that’s not all… Mexico’s Fonatur, which is the government agency that worked to make Cancun one of the world’s most popular vacation destinations, has announced a plan that will bring at least 10 million new visitors into Tulum. It involves a variety of modern infrastructure, such as roads and bridges, as well as a new international airport that will eventually rival the major hub located in Cancun.
As you can probably imagine, all of this growth and new infrastructure means that Tulum real estate is poised for exponential growth. Furthermore, since the town is not able to sprawl along the coast due to the Sian Ka’an biosphere, the amount of available real estate for residential and resort development is limited.