Many Mexico real estate investors are still on the edge of their seats as each news update of the international airport from the federal government effects the Tulum real estate market With strong numbers being quoted such as 17.9 million tourists expected to visit the Riviera Maya zone by the year 2025, 2,800 new jobs being created each year in this exploding region, and three million passengers per year projected to flow through the new airport, all of these figures grab the attention of many business people.
The offices of the Secretary of Communications and Transportation of Mexico, have made statements in the last week of July that have indicated that the Tulum International Airport will not be one of the federal projects to be cancelled for 2009 due to the cutbacks This is positive news all though the dates for the official bids from private companies battling to win the nod for this mega project for have been cancelled on more than one occasion in the past 12 months Juan Molinar Horcasitas, director of this federal office had announced previously that the start date of the airport was expected to be underway before year end The announcement has come after the Secretary of Hacienda has pointed out earlier in July that several projects nationwide had been placed on” stand by” But due to the high demand experienced over various years and the trends in the market of international visitors to the Riviera Maya has placed this construction as one of the important projects nationwide Studies have indicated that direct jobs that have been created in the region have been creating nearly 2,800 new jobs per year These are strong figures and such numbers also place strong demand indirectly in other industries With increased job creations, families of all income levels will also be moving into the zone creating demands not only on the Tulum region but also the Playa del Carmen real estate market, the Cozumel real estate market and various other territories of Quintana Roo
Once the bases for the bidding have been announced, the SCT will take approximately 6 up to 12 months to review the bids and select the winning contractor The time period for construction is planned to undertake 3 years ASUR, a contractor and administrator of airports in the southern half of Mexico is one of the leading contenders They currently operate the Cancun and Cozumel Airports in Quintana Roo
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. With a Mexican Real Estate Certifications and various diplomas he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company’s web site www.TOPmexicorealestate.com NETWORK
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