The building of the Tulum airport is one of the main projects being pushed by the Mexican Federal government. The idea is simple enough: an Airport in the Tulum region could help drive tourists to the region, as well as boost the creation of lodging facilities and other amenities in an area that is still not as densely occupied as nearby Cancun. The building of the airport in the region is set to drive up the cost of land in Tulum, and neighboring Felipe Carrillo Puerto.
Where The Airport Is Set To Be Built
Although the project is being labeled the “Tulum airport” the facility is going to be built in neighboring Felipe Carrillo Puerto. The airport is set to be built on about 3000 acres of land in what is currently the “ejido de Chunyaxché”. This plot of land sits along the Cancun-Chetumal highway, the presence of the airport will certainly boost development of the area, but this development may have to surpass a few roadblocks before it gets fully underway. This perhaps is what is actually keeping both local and foreign investors from betting big in the region.
Currently the plot of land that the airport is set to stand on is part natural reserve, and part archeological site. There are also a couple of cenotes nearby. The municipality of Felipe Carrillo Puerto recently published a report that included all sorts of information on the wildlife and overall biodiversity that is featured in the region. The airport would only be taking up 3000 of the more than 12 thousand acres of land that currently make up the full “ejido”.
Still The Perfect Time To Buy
The airport is set to open in 2023, and in most projects like this prices for land in the region would’ve already gone through the roof. The uncertainty behind the building of the Tulum airport has brought plenty of interested parties to speak to local landowners, but so far that big boom in prices is still on the brink of coming true. Potential investors are seemingly having trouble navigating the legal conditions of the region. Mainly, trying to figure out what plots of land can or can’t be bought. With cenotes, and archeological sites nearby some land that will essentially end up right next door to the airport just won’t be for sale.
This will undoubtedly drive up the prices for real estate in the region that can be bought. Local engineers, and architects in the region are licking their chops for development to start in their backyard, but they are still waiting for that one needle to burst the price bubble to get it to pop. Fernando Aznar Pavón of the school of Architects, and Engineers of Tulum recently confirmed interest by investors saying,
“What we’ve seen is a massive increase in the overall interest from potential investors looking for land in both Tulum, and Felipe Carrillo Puerto. Prices though are still looking steady at the moment”
Military Personnel Are Already Breaking Ground To Start Building The Tulum Airport
In the first few days of the week military personnel were spotted on the grounds of what is set to become the Tulum airport clearing out the land to begin the building process. In light of this information president Lopez Obrador called on military personnel to keep a watchful eye on the project, as well as the famous Maya Train construction which will also run nearby.
With all of this going on it seems inevitable that prices for land in the region will skyrocket. Besides the ecological, and historical reserve area there’s another issue that investors are finding. Ejido land is land that was taken from wealthy landowners over a century ago and distributed amongst local agricultural workers.
These days a relatively small plot of land can have a multitude of different owners, something that makes it more difficult for private enterprises to make large purchases of land in those types of spots. The government on the other hand, can force the hand of the landowners to sell off the land. This could be yet another factor that drives the prices up even further.
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