In a market like Tulum which is just in the middle of its real estate boom, many buyers tend to focus on land and assume that condos are best left for future buyers. Yet, reviewing the market more closely, it is possible to see that there are many benefits to investing in Tulum condos for sale sooner rather than later. Consider the following points.
Prices are still lower
Since Tulum is in the middle of its boom, prices are still considerably lower than they would be in established markets. This means average buyers can consider investing in condos that would normally be limited to those on above-average incomes. This is a really important point since many buyers kick themselves for missing the boat in places like Cancun. Condos in Tulum are the “second chance.”
Excellent locations are available
Some of the best locations available are currently offering condos, such as the only road running from the town center to the beach. Condos within close walking distance are available. Tulum is being very careful about the development of the beachfront, so the condos currently for sale near the beach may very well be as close as it gets. There are also nearby nature reserves and beautifully designed communities with nice village center areas.
Tulum’s tourism is booming
Tulum’s tourism is currently booming as well. Besides bringing new infrastructure and activities, this also means that there is a demand for rental condos. Hotel occupancy is very high (among the highest in the region and beyond) reinforcing the demand on nice condos for rent as an affordable and comfortable alternative to paying for hotels.
Rental Condos are in low supply
Currently, there are few condos on the rental market, giving those who buy now an advantage in among the first to offer their condos for rent, and in some of the best locations. These facts point to excellent potential for income from a condo purchased in Tulum’s current market.
Excellent units in nice complexes are available
Even with all of the above points in place, it doesn’t do buyers any good if there aren’t good units available. Fortunately, there are already beautiful condos in excellent complexes with pools and nicely landscaped common areas available for sale.
The only question left is, “What are you waiting for?” Condos in Tulum, like land, are an excellent investment option in this booming market. They have their own distinct advantages, yet these advantages are very significant ones.
TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely
Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"
Region: Campeche Real Estate. Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.
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