New real estate boom in Tulum: residential market expands

In Tulum the residential market is growing a lot because there are very attractive opportunities for investors, said Laura Quintanilla, product manager of the developer MIRA, a company that participated in the Quintana Roo Tourism Investment Summit 2020 in recent days.

New real estate projects in Tulum. Image: MIRA
New real estate projects in Tulum. Image: MIRA

She said that in the eleventh municipality there are very attractive opportunities for investors because of the sale prices, which are relatively accessible in proportion to the profile that travels to this city.

In Cancun there is a housing boom in old residential areas of medium and high socioeconomic level, where they are promoting vertical housing; this model is compatible with areas of fragile ecosystems such as Cancun and the Riviera Maya, but it has to be well designed.

The real estate developer said that one of the issues that most pollutes the environment is the movement of people, because what hurts is not the type of model (vertical or horizontal), but the impact of this model on the living habits of its inhabitants.

"A development that helps to reduce the time of movement of its inhabitants, or that promotes pedestrianism, regardless of whether it is a vertical development or not, helps to reduce pollution. What is true is that a vertical development has more potential than a horizontal one to have more things in a smaller space and therefore cause less need for transportation," said Francisco Escobosa, MIRA's assistant director of sales and marketing.

He mentioned that rapid population growth definitely has a negative impact on the environment, "but I think it pollutes a city of one million people much more than a city of one million people that is completely horizontal, where people are moving around much less, and where the need to pave streets is less.

The problem with smaller developments, which are also made by different companies, is that they are more difficult to coordinate and this can have a negative impact on the environment, while the advantages of a mega-project is that the developer has to think of the project as a small city, and because of the control he has over this community it is much easier to solve certain problems, such as pollution. This does not mean that all developers do this.

Mobility must also be considered when planning. In this section, considered Laura Quintanilla, there are three main problems:

Firstly, access to transport is in middle areas, generally far from office corridors, focused on the lower middle segment, or on the contrary, in central and tourist areas where there are precisely jobs but housing is very expensive; therefore there is no middle point. Insecurity is also a concern, and finally, the amount of time people spend on journeys.

As for the size of the houses, Laura Quintanilla explained, generally, the size of an apartment focused on families depends on the segment to which it is directed; since, in the case of the average house, the common and most demanded are spaces of 80 to 90 square meters with three bedrooms and two bathrooms. For the Residential or Residential Plus segment, which are homes from $4.5 million pesos, the units are at least 110 square meters, suitable for healthy family life.

By Mexicanist Source La Jornada Maya