Bloomberg Originals
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Tulum’s Multimillion-Dollar Condo Development Nightmare
Posted
April 8, 2025
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13:05Now PlayingTulum 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
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 pandemicera 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
Watch more mini documentaries from Bloomberg Originals
#Mexico #Tulum #Documentary #RealEstate #Business #Investigation #Fraud
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