Tulum has slowly but safely gained the reputation of an international hotspot. We analyze five factors you should consider if your looking to invest in Tulum.
Tulum has slowly but safely gained the reputation of an international hotspot but is it a good investment to buy real estate in Tulum?. Here we analyze five factors you should consider if your looking to invest in this Caribbean gem.
Tulum has not only attracted more travellers over the past five years, but also more expats who have chosen to settle down in this Mexican beach town. The country’s flexible travel restrictions and visa policy has allowed foreigners to easily relocate to Tulum during the pandemic, which has escalated local demand for goods and services. Working remotely beneath a coconut tree has never been so easy.
Whilst Tulum’s infrastructure is still developing, the regional authorities have very well understood the town’s tourism potential and invested in a new airport and trainline set to open in 2023. The Mayan Train, which architectural design has already attracted many amazed looks, will connect Cancun to key destinations of the Riviera Maya, including Tulum. Access will be much easier and cheaper, which increases the value of local investment.
Local real estate agents estimate the average return on investment (ROI) in Tulum to be between 8 and 15%. In comparison, the average 10-year stock market return is 9.2%. Buying property in Tulum therefore not only guarantees access to a wonderful Caribbean escape, but also a safe and profitable investment. With the US and Mexican inflation rates growing at a steady pace, Tulum promises to also see its property prices appreciate steadily in the next few years.
Tulum has been making the headlines of international magazines such as Vanity Fair, Condé Nast Traveller, and National Geographic, among others. The beauty and abundance of its natural environment make it a dream-come-true for any adventurer. Furthermore, Tulum has been prized by social media as its idyllic landscapes offer outstanding picture opportunities. With a booming representation online, it will be very hard to avoid Tulum in the coming months.
Possibly one of the most commanded aspects of Tulum is its one-of-a-kind community. Over the years, locals and expats have developed wide-ranging organisations to support foreigners in Tulum. Recycling, tours, wellness centres, beach clean-ups, co-working spaces, chess club, crypto meetings,… - it is virtually impossible not to find a suitable match to anyone’s interests and needs.
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