Tulum’s Multimillion-Dollar Condo Development Nightmare

Tulum has become the Mexican destination for digital nomads hoping to work from paradise. As developers took notice, a boom ensued. And with it came allegations of stolen land, shady apartment sales and would-be buyers who spent millions of dollars with nothing to show for it.

Home buyers in Tulum thought they were getting a piece of beachside heaven. Instead, they encountered dead developers, unfinished condos and lost their life savings. Read the story - Deception In Paradise: https://www.bloomberg.com/features/2025-tulum-real-estate-fraud/

Listen to the Big Take podcast: How a real estate boom in Tulum has led to alleged frauds, lawsuits and crushed dreams:

Tulum, Mexico has exploded in popularity since the early years of the pandemic. The area’s few Covid restrictions, picturesque beaches and laidback vibes attracted lockdown-weary travelers and helped trigger a real estate boom.

Bloomberg reporters Andrea Navarro and Tanaz Meghjani join host Sarah Holder to discuss the dark side of a pandemic-era development spree in Tulum that has left a trail of ripped off investors, millions of dollars in missing cash and even two bodies in its wake: https://www.bloomberg.com/news/articles/2025-03-27/developers-sold-them-dream-homes-in-tulum-then-came-the-real-estate-nightmare

Watch more mini documentaries from Bloomberg Originals: https://www.youtube.com/playlist?list=PLqq4LnWs3olUDhww8NEcViirkrirzHp27

#Mexico #Tulum #Documentary #RealEstate #Business #Investigation #Fraud
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Post from Bloomberg on April 08, 2025

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