If you are considering buying a Tulum condo for sale for investment purposes, you may wonder what the rental market is like. As of early 2012, the outlook for the near future looks promising. Consider the following factors in the rental market when you choose your Tulum condo for rental income.
Low Rental Supply – Perhaps the most important factor to consider right off the bat is that the supply of condos on the rental market is low in comparison to the tourism activity and demand. Most investors are looking to land in Tulum, and rarely pay any attention to other options like condos. While there are good reasons to look to land, the very fact that most buyers go straight to land options and overlook condos has created favourable conditions for those considering rental income.
Low Beachfront Supply – Tulum’s beachfront has seen little development and therefor few condo complexes have appeared. While this also means that right now it’s not likely investors will find anything on the beach, there are very good developments within walking distance; in fact, those closest to the beach are new developments with plenty of units for sale. Combined with the factor mentioned above, these factors make give these new condos very high potential.
Growing Tourism – Tourism in Tulum is growing, meaning demand is likely to keep growing; yet there is no indication that investors will begin taking their attention off land anytime soon. Growth is going well and there is a good deal excitement about this market still. Being one of the first to invest in the higher potential and lower attention land investment gives an investor a real advantage.
Communities with Full Amenities – There are small communities developing with full amenities – restaurants, cafes, small shops, trendy areas to hang out, etc. Condos in such communities offer high appeal since vacationers can enjoy a comfortable lifestyle near all amenities a walk away from the place they are renting.
Tulum’s Special Positioning – Tulum’s tourism is in a special location, just south of Cancun and Playa del Carmen, both of which have already boomed in tourism. Tulum is showing plenty of promise in following suit, with tourism already growing. Tulum has also found a special niche in environment-focused tourism, meaning it isn’t just another version of its two older sisters.
Investing in a condo in Tulum for rental income appears that it might be one of the markets most interesting options.
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