Quintana Roo is made up of 6 cities which include Cancun, Playa del Carmen, and Tulum. As well as Cozumel, Puerto Aventuras and Akumal.But Tulum’s real estate market is growing rapidly. 

Quintana Roo’s vacation rental market has skyrocketed. However, many predicted the Mexico vacation rental market would decline due to the COVID-19 pandemic.

But this was not the case at all.

A huge increase in revenue for vacation rental owners in Tulum has shown the real pull Tulum has in the vacation rental market. However, tourism in Quintana Roo is about to triple in 2023. The best time to buy a vacation rental is when supply and demand are steady which is right now. 

  • It’s an attractive buy in terms of your return on investment!
  • Tulum is one of the top destinations in the world with an average daily rate (ADR) as high as $560 USD, which is much higher than other vacation rentals in Mexico.
  • With Tulum’s rent to value ratio being the highest in Mexico, you can potentially earn back your purchase price in just 4 to 6 years.

As soon as the Mayan train is in service and Tulum begins to rapidly experience its huge growth in vacation rental demand in 2023; it will be more expensive to buy.

TOURISM BOOM IN THE REGION AMIDST CORONAVIRUS

United States tourists, locked out of European countries and other popular tourist destinations around the world due to the raging coronavirus pandemic at home, are flocking to the Caribbean coast state of Quintana Roo.

Despite the coronavirus situation and a United States government warning against all travel to Mexico, the number of American visitors to Quintana Roo, where popular destinations such as Cancún, Playa del Carmen, and Tulum are located, has increased 23% this year compared to 2019.

AIRPORT UNDER CONSTRUCTION DISCUSSION FOR 2023

Currently, travelers who wish to visit Tulum must fly into Cancun International Airport and take a busy hour and a half drive south. The drive can take almost 3 hours in gridlock traffic in the high season. Located on the Caribbean coastline of Mexico’s Yucatán Peninsula, Tulum is one of the most popular destinations for the rich and famous, but the long drive from Cancun was always a sore spot for travelers.

The President announced this week that a new airport will be built in Tulum, Quintana Roo, constructed by the army with plans to open in 2023.

TREN MAYA – TRAIN THAT CONNECTS RIVIERA, TULUM TO CANCUN

While the Association of Real Estate Developers (ADI) in Quintana Roo, highlights that in addition to the Mayan Train, the construction of the New Dos Bocas Refinery, in Tabasco, has triggered the development of new housing and hotel projects in the southeast. The National Tourism Fund (Fonatur) presented through its website the design that the stations and stops of the Mayan Train will have as it passes through the five states of southeastern Mexico where 19 stations and 12 stops are located.

The smarter investor will look to buy multiple units, and real estate developers will look to try to keep up with the demand, while rental prices steadily increase which reflects an increase in Tulum property prices.

Zisla offers a great selection of real estate for sale in Tulum: condos, houses, villas, land, and more. There is a real estate investment opportunity in the region.

Source: https://www.latinpost.com/articles/154934/20220420/the-city-leads-the-real-estate-growth-in-quintana-roo.htm