The majority of the real estate news you hear over the past 6 months touches upon how the prices are readjusting downwards in many markets of the US, and even several regions of Canada Here on the Mexico Coast Real Estate, in the Riviera Maya, this region either seems to have a long lag time of affects or we may be in a region which is strongly independent of the northern markets such as what is being witnessed in China and Brazil. Tulum real estate is one such exceptional region that has been Bullish over the past year At a initiation party given last night, I had the chance to chat with one of the principal investors developers of a major new Tulum Closed Gate Community project.
TULUM REAL ESTATE FACTORS
What are some of the factors creating this positive confidence in the Tulum Real Estate
a) The first factor is coming from the strong appreciation results realized over the past 5 years in Playa del Carmen, a city just north of Tulum Playa del Carmen Real Estate has seen an incredible population growth in this period from an estimated 70,000 population upto 180,000 Such increases in population logically have given appreciation marks above 20% +on several periods Playa del Carmen Real Estate prices.
b) The private and public monies being invested into infrastructure projects for the region If you recall about 3 months ago I wrote a short post regarding the Tulum and Cancun Airport expansion projects and some brief updates Tulum Airport Update 30 May 08
c) Foreign investment into the region Many of the Tulum real estate, Playa del Carmen Real Estate, Riviera Maya real estate projects that are being developed, on the beach or near to the beaches accesses, are targeted to foreigners The growth of the population in the region is coming primarily from Mexican nationals, but the engine that is initiating the growth comes from the large international resorts being constructed, the international second home buyers, and ex pats who are moving full time to the beautiful turquoise coastline here on the Mexico Caribbean.
TULUM REAL ESTATE MARKET INTRODUCES A NEW CLOSED GATE COMMUNITY
Last night, the developers of a new project in Tulum real estate invited people from the industry to participate in their latest milestone achievement which was to obtain construction approval from the newly formed municipality of Tulum The location of the project is the interesting factor
The city of Tulum is built about 2 kilometers back from the Mexico oceanfront And on the oceanfront of Tulum to the north, the government has the famous Tulum ruins which is one of the top 2 most visited archeological sites of Mexico
The project is just initiating, and plans are to be delivering single family lots, multi-family lots, and commerical lots for construction in approximately 6 months on several fases within the closed gated community
The Tulum closed gate community will have underground electric, water and utilities Bike and jogging path will surrond the park And a commercial area to service the closed gated community as well as the Tulum community.
The project is opening its doors to phase 2 and the commercial phase of the development If you are interested to learn more information or investment opportunities, feel free to contact us.
I will follow up this post with another section or two as this is quite an interesting Tulum real estate project which might be amongst the top Mexico real estate projects with strong potentials.
Thomas Lloyd www.TOPmexicorealestate.com