The vacation rental business in Quintana Roo has exploded. Many people feared that the COVID-19 outbreak would cause the vacation rental business in Mexico to decrease.
This, however, was not the case.
Tulum’s actual pull in the vacation rental sector has been demonstrated by a substantial increase in revenue for vacation rental owners. Quintana Roo’s tourism is expected to quadruple by 2023. When supply and demand are stable, which is right now, it’s the perfect moment to buy a vacation rental.
In terms of your return on investment, it’s a good buy!
Tulum is one of the most popular tourist locations in the world, with an average daily rate (ADR) of $560 USD, which is significantly higher than other Mexican vacation rentals.
Tulum has the greatest rent-to-value ratio in Mexico, so you may potentially recoup your investment in 4 to 6 years.
It will be more expensive to acquire after the Mayan railway is operational and Tulum begins to see its massive rise in holiday rental demand in 2023.
TOURISM BOOM IN THE REGION AMIDST CORONAVIRUS
Tourists from the United States are flocking to the Caribbean coast state of Quintana Roo, which has been shut out of Europe and other major vacation spots across the world owing to the rampant coronavirus pandemic at home.
Despite the coronavirus outbreak and a US government advisory against any travel to Mexico, the number of American visitors to Quintana Roo, which includes popular resorts like Cancún, Playa del Carmen, and Tulum, has climbed by 25% this year, compared to 2019 the year before the pandemic started.
DISCUSSION OF AN AIRPORT UNDER CONSTRUCTION FOR 2023
Travellers who want to visit Tulum must currently fly into Cancun International Airport and drive south for an hour and a half. In peak season, the travel might take over three hours due to jam traffic. Tulum, on Mexico’s Yucatán Peninsula’s Caribbean coast, is one of the most popular resorts for the affluent and famous, but the long trip from Cancun was always a pain for visitors.
The President announced that the army is working on the development of the new airport in Tulum, Quintana Roo, with intentions to open in 2023.
READ MORE ABOUT TULUM AIRPORT
MAYAN -TRAIN THAT LINKS TULUM, RIVIERA, AND CANCUN
In addition to the Mayan Train, the construction of the New Dos Bocas Refinery in Tabasco has sparked the creation of new housing and hotel projects in the southeast, according to the Association of Real Estate Developers (ADI) in Quintana Roo.
The National Tourism Fund (Fonatur) revealed the design of the Mayan Train’s stations and pauses on its website as it travels through five states in southeastern Mexico, stopping at 19 stations and 12 stops.
Smart investors will want to buy numerous apartments, and real estate developers will try to keep up with demand, all while rental prices continuously rise, reflecting rising Tulum property prices.
In addition to the Mayan Train, the construction of the New Dos Bocas Refinery in Tabasco has sparked the creation of new housing and hotel projects in the southeast, according to the Association of Real Estate Developers (ADI) in Quintana Roo.
The National Tourism Fund (Fonatur) revealed the design of the Mayan Train’s stations and pauses on its website as it travels through five states in southeastern Mexico, stopping at 19 stations and 12 stops.
Smart investors will want to buy numerous apartments, and real estate developers will try to keep up with demand, all while rental prices continuously rise, reflecting rising Tulum property prices.
WANT TO BUY A REAL ESTATE PROPERTY IN QUINTANA ROO, MEXICO?
We have a wide range of properties for sale in Tulum, including condominiums, houses, villas, land, and more.
In the area, there is a real estate investment potential.
THE MARKET IS HOT RIGHT NOW
You can own your investment property in less than one year time frame. If it sounds good to you, let’s connect.
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