One of the most important factors affecting the potential for increases for prices of Mexico land for sale in the Tulum real estate market has been the upcoming international airport. The most recent progress of this airport has been the upcoming announcement of the company which will construct and operate the airport.
Specifically, in early February, Mexico’s federal agency to ensure fair competitiveness, COFECO, voted not to allow ASUR (Grupo Aeroportuario del Sureste SAB de CV) from participating in the bidding process. The reason for the decision is that this same company operates the Cancun International Airport, about 2 hours away, which is the only other major airport easily accessible from the Riviera, which stretches from Tulum to Cancun, including Playa del Carmen.
The move comes to ensure competitiveness between the two airports, offering the best prices to tourists and residents of Tulum and nearby areas. This fact is a benefit for anyone buying Tulum real estate for the purpose of retirement, vacationing or relocating to Mexico for any other reason.
On the other hand, Tulum land for sale is likely to benefit either way. Existing land developments along the Tulum-Coba highway are already seeing future benefits in their planning stages; recently, a new bypass was announced which would provide a highway route around the town center area, through which the current highway passes; this bypass will provide the access to the airport as well, which is located very near to its intersection with the Tulum-Coba highway. When this bypass arrives, residents of homes they build on their land will have easier access to Playa del Carmen, Cancun and the future airport. They can also expect to see prices rising – even more so when as the airport itself advances through planning stages.
ASUR reported that they would begin an appeal process, pointing out that they operate at very accessible prices, with Cancun Airport costing an average 134 pesos (12 dollars) per passenger in airport fees. This fee is set every five years by Mexico’s federal Ministry of Communication and Transportation, and therefore would not be affected by competitiveness, claims ASUR.
The capacity of the Cancun airport is currently 30 million passengers, and the new airport in Tulum would be another 15 million. ASUR has invested just under a billion dollars since the company’s privatization, to modernize and expand the structure of the nine airports that manages and, in particular, in the Cancun airport has received well over half that amount. For two consecutive years Airport Council International (ACI) has named the Cancun Airport as “the best airport in Latin America and the third best in the world.”
Whether ASUR is permitted to compete for the contract or not, those who invest in Tulum can expect to see good results in their return. The decision for the winner of the contract is expected this spring.
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