Tulum Real Estate Slump: Oversupply Cuts Demand by 40%

Tulum, QR — The real estate market in Tulum has experienced a 40 percent slowdown in demand due to an oversupply of housing units, according to industry experts. Mario Antonio San Miguel Herrera, the newly appointed president of the Mexican Association of Real Estate Professionals (AMPI), stated that the surplus has created an imbalance between supply and demand.

Unlike markets such as Playa del Carmen, where real estate activity has remained more stable, Tulum saw a surge in development following the COVID-19 pandemic. San Miguel Herrera noted that this boom led to market saturation. "We estimate a 40 percent drop in buyer interest since then," he said.

The excess inventory has also impacted the rental market, with many properties remaining vacant or reporting low occupancy rates. The market has been particularly overwhelmed by the construction of one- and two-bedroom apartments, especially since 2024.

Despite the current challenges, San Miguel Herrera expressed optimism about Tulum’s medium-term prospects. With the opening of the Tulum International Airport and the Maya Train connection, new opportunities could emerge to revitalize the real estate sector—provided external factors influencing global investment are addressed.

"With favorable macroeconomic conditions, Tulum could enter a new phase of real estate development, but this time in a more orderly and strategic manner," he said.