Built in less than two years
The Mexican government is investing a ton of money in the Riviera Maya (Cancun, Playa del Carmen, Tulum) as it wants to turn it into a global tourism destination powerhouse.
The most recent addition has been the opening of an international airport in Tulum, to complement the Cancun one. My realtor Luigi and I drove there and it took us about half an hour with the new roads. The roads are so new Google Maps still uses dirt roads to calculate the time needed to get to the airport 🙂
In this short video we discuss international flights, private jets, and other infrastructure projects in Tulum which will help the real estate market in the long run.
I wrote a whole article on the real estate market in Tulum.
If you want to get in touch with Luigi to diversify with some Mexican real estate, you can do so here. You’ll get him or one of his sisters to help you. His real estate agency has turned into a family business with his whole family having moved down from Canada, as are thousands of Canadians doing every year.
To a World of Opportunities,
The Wandering Investor.
Available services in Mexico:
- How to Obtain Residency in Mexico
- My Real Estate Buyer’s Agent in Tulum and Playa del Carmen
- Give Birth in Mexico for Citizenship
- My Favourite Realtor in Puerto Vallarta, Mexico
Articles on Mexico:
- 6 reasons against a Real Estate Investment in Cancun
- Full Guide to Investing in Tulum Real Estate
- Making a Real Estate investment in Playa del Carmen – decent diversification in Mexico
- Investing in Multifamily Housing in Playa del Carmen
- Full Guide to Making a Real Estate Investment in Puerto Vallarta
- Puerto Vallarta Investment Case Study with Numbers
- What is a Lock Off Condo & Crazy Architecture in Tulum, Mexico
- Is a house in Puerto Vallarta a good investment? Case study with capitalization rates
If you want to read more such articles on other real estate markets in the world, go to the bottom of my International Real Estate Services page.
If you want to discuss your internationalization and diversification plans, book a consulting session or send me an email.
Transcript of “New Tulum International Airport impact on Real Estate”
LADISLAS MAURICE: Hello. Ladislas Maurice from thewanderinginvestor.com. Today, I’m at Tulum International Airport that just opened. I’m here together with Luigi, my realtor from Montreal.
LADISLAS MAURICE: How are you, Luigi?
LUIGI: I’m really excited. This has been a long time coming. We finally have it. And I’m pretty excited. This is my first time here.
LADISLAS MAURICE: Yeah, it’s like a major catalyst for the real estate market here in Tulum.
New Tulum International Airport flights and private jets
LADISLAS MAURICE: Can you talk to us a little bit about what they’re doing?
LUIGI: Yeah. It just opened December 1st. We are now doing domestic flights and also the international flights. So from United States and Canada, we’ll be starting shortly. We’re looking at Chicago, Fort Lauderdale, Orlando, we’re looking from Atlanta. These are all flights, American Airlines, Delta. And they’re going to be expanding, and they’re going to be adding more and more and more flights, obviously.
LADISLAS MAURICE: Spirit, etc.
LUIGI: Spirit Airlines. And then, obviously, the Canadian airlines are going to start. We have direct flights from Toronto. This is all happening. It’s really exciting, my first time here. This is going to change the game for Tulum because we used to have to land in Cancun and spend hours getting over here.
LADISLAS MAURICE: Yeah, like, two, two-and-a-half hours.
LUIGI: Two-and-a-half hours. And also we had no control, the only mode of transportation was really taxis for a long time. And so they really controlled the price and so really, it was expensive. And now we have a flat rate for the train, which is another catalyst we’re going to talk about. If you don’t want to take a long trip from Cancun Airport, you can come here, which is amazing. And one of the things they also did, which is really interesting, is that they’re trying to bring a higher affluent net worth type individual. So what they’ve done at this airport is they actually put in 28 private jet parking spots. This is really going to change everything. And that’s going to really help the real estate market here.
LADISLAS MAURICE: No, that’s really impressive.
Tren Maya / Train Maya from Tulum airport
LADISLAS MAURICE: And what about the train, because on our way here, we saw they’re building the train station at the airport?
LUIGI: Right. So the train station, actually now, this month is going to be inaugurated and they’re going to start from Cancun. It’s going to go from Cancun to Campeche, but down to Playa del Carmen, Puerto Morelos, Tulum, it’s going to go to Campeche, all the way up the Yucatan and back. It’s going to be this large loop. And it’s going to connect all of these areas, which before, you could only get to with a car. You needed to rent a car, really.
LADISLAS MAURICE: Yeah.
LUIGI: Or, you take those little hot, sweaty, crowded buses or vans on the side of the street. This is going to change the tourism industry. It’s also going to change for the people who are local who live here and want to move around between the cities, and it’s going to be a fast train. It’s not fast like in Europe, but it’s going to be pretty fast. It’s also going to be very comfortable for any digital nomad, or anybody who wants to get some work done, doesn’t want to drive, they can sit on the train and get some work done, and enjoy the scenery. I mean, the amount of money that the government is pouring into this area right now to–
LADISLAS MAURICE: It’s insane.
LUIGI: It’s really crazy, yeah.
LADISLAS MAURICE: I mean, look, people in the US keep talking about trains, etc. It doesn’t happen. Here, in Mexico, they’re making it happen.
LUIGI: It’s happening. It’s happening, yeah. So pretty excited about that.
LADISLAS MAURICE: And that’s really huge because really one of the main roadblocks for Tulum was the fact that the infrastructure was not there, that getting there was complicated. But now that’s just all changing.
LUIGI: It’s changing. It’s going to take a little bit of time. Imagine Playa 20 years ago, infrastructure wasn’t in place, internet took a long time to get, it wasn’t very good signal. I couldn’t get a signal on the beach back 20 years ago. It’s all changed. Well, Tulum is going to go through the same thing. But I think Tulum is going to, I think it’s going to happen faster than Playa did. There’s a lot of interest in Tulum, so I think you’re going to see the infrastructure come in faster than maybe Playa.
Jaguar National Park in Tulum
LADISLAS MAURICE: And there are other two interesting projects?
LUIGI: Well, there’s one huge one, which is the Jaguar Park, which is the largest park in this area. It’s 2,249 hectares. It’s enormous. So it goes along the beach, and then also cuts across to the other side of the highway. And what they’ve done in that park, they have bike trails, they have all kinds of activities, but what they’ve done is one of the issues we talk about some people complaining about Tulum because of the infrastructure, one of the complaints was there was no access to the beach in the Hotel Zone. What they’re doing in the Jaguar Park is they’re giving more access to the beach. They’re also putting in little docks for boats and yachts.
LADISLAS MAURICE: That’s huge.
LUIGI: So if you had a yacht or a boat and you wanted to come to Tulum, there’s nowhere to dock it. Now you will be able to. These are big projects. This is going to change Tulum.
LADISLAS MAURICE: Yeah, because it means that people that had their yacht tours in the Caribbean, whatever–
LUIGI: Can stop here.
LADISLAS MAURICE: now they’re going to add, potentially, Tulum to their list of places.
LUIGI: Yeah, absolutely. And that can also help the villa market. We have some developers focusing on villas, we have a lot of condo projects. We have fewer villas, and some developers are focusing on the villa market because of that private jet airport, because of the docks, that really is that kind of market. So having a villa will bring those types of people to the villa, and so.
LADISLAS MAURICE: Yeah, one short flight away from the US, so yeah.
LUIGI: One short flight away, yeah.
LADISLAS MAURICE: Fantastic. I wrote a whole article on the real estate market here in Tulum, the areas to focus on, the neighborhoods to avoid. There’s a link below to the article. And if you want to get in touch with Luigi, if you’re looking for real estate here in Tulum, or Playa Del Carmen, or Cancun, there is also a link below. Luigi, thank you very much.
LADISLAS MAURICE: Always a pleasure.
LUIGI: It’s great. Thank you.