2020 saw the rise of a global pandemic that shook the foundation of our security as we knew it.
2021 begged the question of what — and where — it means to live. And live well. Never has the thirst for drinks-in-coconuts under a palapa during a Zoom meeting been more globally united.
Tourism in places like Mexico has boomed like never before. As the office becomes a thing of the past, and cities become weekend retreats instead of places of business, tropical destinations are the new buzz in the real estate industry.
“Early retirement” has become a new goal amongst hard-working individuals who want to see their life expectancy maximized. Now, more than ever, waking up to a beach sunrise without the stressors of city life is more attainable than ever.
Tulum, a global hotspot in the Yucatan Peninsula part of Mexico, has been recognized as one of the cities that has actually profited in the midst of the pandemic, by creating an investment goldmine through the quest for a secluded, tranquil reprieve from the current chaos of the world.
Tropical real estate is seen as a smart investment by people from all over the world in 2021. But why are they so sure of Mexico? The answers are straightforward and are consistent across the real estate, investment, travel, and leisure industries: More space, beauty, and calm are all things that people desire.
A stake in Mexican tropical real estate is a stake in your bliss. As people’s values shift, freedom, leisure, and serene living are all in high demand.
Mexican Real Estate is on the Rise
Following the pandemic’s arrival in Mexico in March 2020, there was a significant drop in demand as customers stayed away. As the epidemic spread over the world, real estate investors took a wait-and-see approach for the majority of 2020, resulting in an almost 29% drop in overall investment volumes (excluding development sites) internationally compared to the previous year.
When people began to venture out of quarantine late last summer, the inevitable happened: sales and prices began to rebound. People were taking notice of the high-value land and property that was untouched after months of lockdowns and travel bans, and opportunity came knocking.
Many people have turned to Mexico after partial lockdowns and restrictions across the United States and beyond. Mexico’s tropical environment, friendly people, and quiet atmosphere have piqued their interest. Not to mention the rise in entrepreneurial opportunities.
The reputation of Tulum as a relatively small and secure resort during the pandemic is a big draw for international investors who value peace of mind above all else.
Who is Buying Tulum Real Estate?
Purchasing tropical real estate in Mexico or anywhere else in the world’s hot spots may appear to be a privilege reserved for the wealthy. However, there are investors of all budgets who value the privacy and income prospects that come with owning or living in the tropics. Owning a piece of Tulum property is owning a piece of beauty.
With a youthfully driven holistic vibe, the lifestyle is incomparable. There are breathtaking views of the beach, jungle, and pyramids, as well as spectacular cenotes. Deep in the jungle forests are bursting with incredible biodiversity. Every day colorful sunsets and sunrises bring beauty to the horizon, and most nights bright stars on the dark sky.
Will this Boom Last?
Many people are surprised to learn that during the pandemic, real estate in the Riviera Maya region has enjoyed an unexpected boom as visitors from the United States, Canada, and Europe seek a destination where lockdown restrictions are less severe and the weather is more pleasant. Many believed that the unexpected surge in interest was only temporary, but the work-from-home trend appears to have kept the real estate business alive and well.
In an unparalleled real estate boom, buyers from all over the world and within Mexico are flocking to cities in the Caribbean. The residential real-estate market is having its best year since 2008, when the housing bubble burst and a global recession ensued. In almost every meaningful regard, however, today’s market is the polar opposite of the last boom.
Purchasing real estate in Tulum is one of the best investments you can make right now, with luxury condos in Tulum outperforming the stock market by 8-15 percent. According to estimates, the average annual predicted return on most stock markets is between 5.43 and 10.71 percent (see below).
Never has there been a better time to invest in Tulum.
If you have ever thought about investing in a piece of paradise, now is the time to act. Our talented team of bilingual experts is here to assist you every step of the way, to ensure your investment is safe, secure, and successful.