While the history of Mexico real estate on the Caribbean coast can easily be seen in terms of each individual market, they also interconnect. A review of the oldest market – Cancun real estate – and the newest market – Tulum real estate – will show interconnected they are, and how they continue to “add” to each other.
In the beginning …
50 years ago, the entire north part of the Mexican Caribbean (which is the area we are talking about here) was all but abandoned. The small fishing village of Playa del Carmen was home to the only people who made any contact with these beautiful beaches, and inland Mayan communities on the islands of Cozumel and Isla Mujeres were the only vestiges of the great civilization which occupied the Mexican Caribbean before the Spanish conquest.
During the late 60s, the government of Mexico identified the long extension of beaches surrounded by pure jungle on the northwest tip of the Yucatan Peninsula. With funding from the Bank of Mexico and a new international tourism development fund, they created Mexico’s first complete, planned resort community; this was Cancun.
Tourism and Real Estate
As tourism in the area grew, visitors began to take interest in the unique set of ruins, which overlooked the beaches from a small cliff. These were 2 hours south. A town sprung up to provide souvenirs and basic services, and thus was born the modern town of Tulum.
As tourism grew in Cancun and Tulum, visitors began to take interest in buying homes or condominiums to make this beautiful region their new home, permanent vacation spot or paradise retirement destination.
The process went much more quickly in Cancun, and since then the area has boomed into a large city which offers high-rise condos on the beach and comfortable homes downtown within walking distance to all services.
Adaption and New Market Trends
The emergence of Tulum as the area’s likely next boom-town (following Cozumel and Playa del Carmen) has been the result of the area’s remarkable tendency to adapt to a variety of market needs. Cancun itself has shown this in both tourism (tapping into the growing convention market, for example) and real estate (with the construction of Novo-Cancun marina community, for example.) Tulum, however, has emerged as the region’s “green” town, focusing on sustainability and nature. This aspect has defined both tourism and real estate ever more in recent years. While real estate buyers can enjoy nature excursions in Tulum, residents of Tulum can enjoy Cancun’s modern activities and services.
Buyers interested in the area can expect that it will continue to offer more variety, more activities and more services in the same way that it has done over the past 40 years!
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely