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 thatthe land in Tulum has been acquired and we are in possession of it.
The construction of the International Aiport of Tulumresponds
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 Mexico 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.