In early October, 2010, Mexico’s Ministry of Transport (SCT) started the process to obtain environmental permits for the construction of a new expressway bypass for Tulum, which includes a short extension to the future of the Riviera Maya International Airport, about 8 miles out of town.
This project is considered the most ambitious in the area since 4 lane Cancun-Tulum highway was completed, both in the amount of funds invested as the strategic importance this project will hold for the future development of Tulum real estate.
The new bypass will hold 2 specific benefits for those buying real estate in Tulum. One is that it will benefit those investing in Mexico land along the Tulum-Coba highway. The new airport will be located along this highway, and the bypass will intersect with the existing highway just south of the airport.
Several eco-friendly lot developments, such as Los Arboles, and other such projects are located in this area, and will gain more direct access to the Riviera Maya, the stretch of beachfront running north form Tulum through Playa del Carmen to just south of Cancun. Along this stretch, there are a number of golf courses, culture, history and nature focused theme parks, marinas, out-door adventure areas and large shopping centers.
The other area to benefit will be the town center. As Tulum grows, the municipality aims to preserve the small-town atmosphere which currently draws many visitors, and makes Tulum a prime choice as Mexico retirement community. The bypass will mean that through traffic and the increasing amount of visitors arriving to the new airport will not be unnnecessarily congesting the town center, helping to preserve this atmosphere.
The expressway section of the bypass will be 26 kilometers (16 miles) long and the branch to the future airport will be 5.6 kilometers (3.5 miles). The speed limit will be 110 kilometers per hour (70 MPH). SCT estimated the investment required for project to be a total of 1.425 billion pesos (120 million USD). The project is part of a larger urban development plan (PDU) which is projecting a population of over 180,000 in Tulum for the year 2030; the current population is less than a third this amount.
What do you think the average price of a typical 2 bedroom condo is today in 2010 and your projection for 2015?
Hector Moreno has been working in Real Estate in the areas of Tulum, Akumal, Sian Kaan for nearly 7 years. He is a certified real estate agent and owner/broker of Moreno Realty Associates. (512) 879-6546
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