The bohemian beach town is growing quickly
By the Caribbean Journal staff
Tulum, the tucked-away bohemian enclave of Mexico’s Caribbean-coast Riviera Maya, is seeing its property market surge.
The beach town is experiencing a major lift in values of both existing construction and new land, according to Riviera Maya Property Consultants.
The firm says that property value growth for Tulum real estate investors is between 8 and 10 percent per year, with more than double that for some beachfront properties.
Further, land prices in the town of Tulum have been skyrocketing, too, with a sample 1,000-squre-metre lot in Tulum village going from $60,000 in 2012 to $100,000 in 2014.
It’s not likely to slow down though, according to the firm, due to a number of factors; chief among them is the development of a major new rail network that will connect the entire state of Quintana Roo, slated for completion by 2019, according to Raminta Lilaite, partner at Riviera Maya Property Consultants.
Of course, there’s something else being discussed that would also radically transform the market: the construction of an airport in Tulum.