More than 300 new real estate developments by 2023 in Tulum

By 2023, Tulum has registered around 300 new real estate developments, mainly oriented towards vacation rentals and commerce, stated Luis Francisco Reyna Gómez, new president of the Mexican Association of Real Estate Professionals (AMPI) Tulum section, according to The Tulum Times.

Reyna stressed that currently in Tulum there are real estate developments that are both in the process of construction, as well as in pre-sale and for immediate delivery. “We are currently talking about more than 300 real estate developments, there is a wide variety in terms of delivery dates and type of development, whether commercial or mostly residential,” he said.

According to information provided by AMPI last year, as of 2022 there were 435 real estate projects in the northern zone of Quintana Roo; of these, 219 are in Tulum, 127 in Playa del Carmen and 89 in Cancun. In terms of prices, in Cancun the average is three million pesos, while in Solidaridad (Playa del Carmen) it is 3.5 million pesos, and 4.7 million pesos in Tulum.

Reyna acknowledged that the real estate industry in Tulum is a very dynamic market and they expect the same investment trend to continue this year 2023. “Every year in Tulum is different and we as real estate agents see that the market is changing, new things are coming, for that reason we predict that it will have a similar rhythm to that of 2022,” said the real estate businessman.

The new leader of the local AMPI, according to the media, remarked that 2023 has a lot of potential for real estate growth in Tulum. He also referred positively to the effect that the federal government’s projects will have on the market, among them the Mayan Train and the new Tulum airport, which will surely boost demand for vacation rental and long-term rental properties.