The Mayan train is an excellent opportunity for real estate investors.
It is essential to consider the Mayan Train project’s potential impact, which aims to connect the Yucatan Peninsula with the states of Chiapas and Tabasco, when investing in real estate in Tulum, Mexico. It is anticipated that the train will make stops in major cities and tourist destinations, including Tulum, and will be a significant draw for tourists and investors.
The expected increase in tourist traffic to the region is one of the primary benefits of the Mayan Train for real estate investors. With 80,000 people arriving daily in Tulum (not including those arriving via other modes of transportation), it is anticipated that tourist overnight stays will increase by 8% and the occupancy rate’s income will at least double in the first semester. This represents a substantial opportunity for investors with rental properties in the area, as well as those seeking to sell or develop new projects.
Consider also the infrastructure improvements that the Mayan Train will bring about. The train is anticipated to bring not only construction projects but also special attention to local projects and real estate projects, with financing available to fuel the area’s new chapter. This may involve the rehabilitation of roads, overpasses, and direct access to hotels and attractions, as well as bridges, in order to protect wildlife. It is anticipated that the project will generate nearly one million new jobs in the Southeast region of Mexico, including 715,000 new jobs in the 16 municipalities with a train station, 150,000 jobs in the rural economy associated with the train, and 80,000 jobs in the construction of the first five sections in 2020. Indigenous peoples will make up 46 of the 100 employed people.
The Mayan Train also affords investors the chance to reach new target markets. With connections from Palenque in Chiapas to Izamal in Campeche and all of Quintana Roo’s major tourist destinations, the train will attract new workers and tourists to the region. This presents an opportunity for real estate investors to connect with new prospective tenants for rental properties, as well as those seeking to invest in or acquire new developments or lots in the area.
The Mayan Train is also anticipated to have a significant effect on regional poverty. According to a study by the United Nations Program on Human Settlements (ONU-Habitat), 1,1 million people in the southeast region of Mexico will be lifted out of poverty by 2030. As a result of the train’s economic impact, the region’s poverty rate is expected to decrease by 15%. Without the Mayan Train, the poverty rate in the area is projected to rise from 6.1 million to 7.2 million.
The Mayan Train is a highly anticipated project with the potential to increase tourism and economic growth in the region, including Tulum. While the project has generated both excitement and controversy, it is likely to have a substantial impact on the region’s real estate prices and growth. Before making a decision to invest in Tulum real estate, prospective investors and tourists should carefully consider the project’s potential risks and benefits.
The Mayan Train is a major infrastructure project that aims to connect the Yucatán Peninsula with the rest of Mexico through a network of railways. The construction of the train is expected to bring significant economic development and connectivity to the region, which could in turn lead to increased demand for housing and other real estates. As a result, real estate investors who are able to identify promising opportunities along the route of the train could stand to benefit from this increased demand. While there are always risks and uncertainties involved in real estate investing, the Mayan Train presents the potential for long-term growth and returns for those who are able to successfully navigate the market.
