Tulum, Q.R. — A recent real estate report shows the municipality of Tulum has the highest residential prices in the state.
According to a study by Lamudi, the municipalities with the highest concentration in the demand for residential housing in Quintana Roo are Benito Juárez (Cancun), Solidaridad (Playa del Carmen) and Tulum.
The Quintana Roo 2019 Real Estate Report states that prices in the state’s residential real estate market have increased 2 percent over the last 13 months. The average cost of a property in Quintana Roo has increased from just over 11.9 million peso in August of 2018 to just over 12.2 million peso in September of this year.
In the municipality of Tulum, where only 8 percent of the demand is concentrated, prices grew 10 percent to an average figure of 10.3 million peso as of September.
The prices reflected minor increases in the two municipalities with the highest hotel concentration which are Benito Juárez with 43 percent of the demand and an increase of 2 percent at an average price of 11.6 million peso and Solidaridad, with 38 percent of the demand and an increase of 8 percent with an average of price of 13.5 million peso.
The housing segment with the highest demand in the state is residential at 37 percent with residential plus coming in at 25 percent.
The most expensive residential areas to live in the three municipalities include the Cancun Hotel Zone where a property has an approximate value of 12.5 million peso followed by Playa del Carmen Centro where a residential property averages 7.4 million peso followed by Tulum Centro at 20.2 million peso.
Other residential areas in Cancun, Playa del Carmen and Tulum with high demand and real estate prices include: