Tulum, which lies on Mexico’s only Caribbean coast in the Riviera Maya just south of Cancun, is one of the few places worldwide that can compete with the most fantastic locales like St. Barts, St. Tropez, Ibiza and the Amalfi coast. The difference is Tulum is much more affordable and accessible for many travelers – particularly those coming from the U.S., Canada and South America.
“Tulum is quickly emerging as one of the world’s most popular destinations, especially among jet setters,” shared Richard Houghton of Investment Properties Mexico. “If you’ve always dreamt of owning property in one of the world’s most glamorous seaside destinations, Tulum stands out from the crowd – not only for its one-of-a-kind atmosphere, ancient Mayan ruins and stunning natural beauty – but also in terms of price and overall value.”
The possibilities truly are endless – whether you are interested in a hotel, a full or part-time rental property, or a full-time private residence, Tulum has it all – and at an amazingly affordable price tag! Although real estate prices in the Riviera Maya are climbing, Tulum is still within reach of the average investor despite its popularity among celebs like Cameron Diaz, Reese Witherspoon, Orlando Bloom,Sean Penn,Demi Moore and many more, including the world’s fashion elite.
But this wasn’t always the case. In fact, Tulum was once an important Mayan seaport and it is still home to stunning ruins of the ancient seaside city, which includes a mesmerizing pyramid that is perched upon a cliff overlooking the Caribbean Sea. In modern times, Tulum originally reemerged as a favorite place to chill among hippies, backpackers and environmentally conscious travelers.
In more recent years, however, its relative anonymity and easy accessibility (Tulum lies just over an hour south of Cancun and just over a half hour south of Playa del Carmen) began attracting attention from elite jet setters and international celebs who are always trying to escape the far-reaching gaze of the paparazzi while on holiday. Today, Tulum has grown into an eclectic blend of eco-chic glamour and sustainable luxury. Hotels and restaurants are popping up all the time and new shops are opening in Tulum, providing more and more options for residents, locals and visitors alike.
“Despite its growing popularity, real estate prices in Tulum remain very low compared to other similar destinations worldwide,” shared Houghton. “Investors can buy land in the direct path of progress and hold it to sell for significant future profits, which are currently projected to reach as high as 300-500% in just 3-5 years’ time.”
In fact, the last two years have seen significant increases in land and property prices in Tulum real estate, as more and more international investors seek to capitalize on this unique opportunity. Expats from the U.S., Canada, Argentina, Italy, Russia, China, the UK and many other countries are buying up property and raw land in and around Tulum, similar to what happened in nearby Playa del Carmen 15 years ago.
Daily flights from most major capital cities worldwide to the Cancun International Airport mean Tulum is already very accessible, but plans to build a second international airport here in the near future are sure to send real estate prices through the roof once ground breaks on the much-anticipated project.
The bottom line? Tulum still has plenty to offer entrepreneurial-minded investors, boasting a wide-ranging appeal for tourists, retirees and expats of all ages and income brackets from around the world. But don’t wait too long – this booming property market is definitely in the path of growth and although real estate here is still comparatively affordable, the secret is out and prices are set to skyrocket in the very near future.
Need more reasons to consider buying property in Mexico’s Riviera Maya? Check out our slideshow, 7 Reasons To Buy Tulum Real Estate!