Updated news for the Tulum Real Estate market; Towards the end of July the Secretary of Transport and CommunicationsJuan Molinar Horcasitas, confirmed that by November at the latest, the International licitation will be public in spite of the world economic situation
During the Invest M xico Fiorum 2009 in Mexico city last week, the secretary Molinar Horcasitas,added: “we are still working on legal, technical and financial aspects of the project and this is the reason for postponing the licitation until November” , likewise SCT confirmed that the land in Tulum has been acquired and we are in possession of it.
The construction of the International Airport of Tulum responds to the need to increase the flow of tourist to this international destination. This responds to the anti-cyclic strategy that president Calderon administration is adopting to ease the effect of the global crisis and more importantly the country’s development in areas such as Mexico tourist industries, Mexico real estate . The Riviera Maya International airport is one of the largest and more ambitious projects on the table of the National infrastructure plan The authorities project that the volume will be 700 thousand pax per year and increase to 3 million / yr and by the year 2025, 17.9 million tourists would have visited the Riviera Maya using the new facility.
The new airport will be in direct competition with Cancun s airport located only 102 Km away which is presently managed by ASUR, the federal competition commission will determine the level of involvement of ASUR in the new Airport if they win the bid.
The estimated investment for the first face will be in the 150 million dollars and 300 million when completed and the basis to bid will be public by November.
The impact of the new airport construction will and is affecting Akumal Real Estate values, and overall services will increase dramatically.
Today the market has adjusted and prices have dropped accordingly especially in saturated areas and in those areas that have been over constructed during the high demand periods. The Tulum area is one of those areas that have been affected to a lesser degree and is a market that has large potential of growth and opportunity for investors.
One can still buy Tulum beachfront residential lots at affordable prices compared to other places and acquire larger parcels with density and zoning that represent a tangible opportunity for avid investors and visionaries. Please ask me about these opportunities and I will be happy to provide help to you.
Hector Moreno has been working in Real Estate in the areas of Tulum, Akumal, Sian Kaan for nearly 6 years. He is a certified real estate agent and owner/broker of Moreno Realty Associates. (512) 879-6546
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