Tulum is a coastal town located on the Caribbean coast of Mexico’s Yucatan Peninsula in Quintana Roo. Tulum known with rich Mayan culture has everything you dream:
This tropical paradise combines a relaxed atmosphere with luxury amenities and is a rapidly developing affordable market for real estate and investment opportunities.
With a large collection of properties in Tulum, Riviera Maya, from single-family homes to condos, villas, and commercial properties, there are plenty of opportunities for investors and buyers looking for sustainable and luxurious living.
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The real estate market in Tulum has been growing over the last few years and is as such attractive for many national and foreign investors.
This town enjoys some of the world’s most breathtaking beaches, a great deal of Mayan history, and an atmosphere friendly to the environment.Â
As such, it has been attracting a large number of tourists and expatriates.
The property market in Tulum shows great growth prospects for 2024. The average prices differ by property type. These are the approximate prices of real estate in Tulum in the year 2024:
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â Condos: $150,000 â $500,000+
â Houses: $250,000 â $2,000,000+
– Beachfront property: $500,000 – $5,000,000+
– Land: $50,000 – $1,000,000+ per hectare
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Bear in mind that prices will vary according to location, size, and other amenities very substantially.
Buying pre-development properties in Tulum can reduce your spending and help you get more capital gain when you sale the property in the future.
 This would mostly apply to the beachfront and oceanview properties, which become highly priced; town or even newer developments are locations where more reasonably priced real estate might be found.
The rapid increase in tourism and interest in Tulum creates outstanding opportunities for real estate investors. Many buyers are getting on board, realizing the great potential that exists with high rental yields, particularly in the fast-growing market of short-term vacation rentals in different areas of Tulum to invest.
Among the main factors enhancing the prospects for Tulum’s real estate investing are:
The real estate market in Tulum has shown a constantly growing trend and is hence becoming an extremely profitable and stable investment for local and foreign investors alike.
With its positioning as one of the top places to visit for any nature and culture enthusiast, demand for vacation rentals in Tulum is very high. This demand assures house owners of attractive yields on rentals and high occupancy rates.
The infrastructure is continuously being developed and upgraded, making Tulum one of the fastest-growing communities in the area.
Contrary to what most people believe, a foreign national can buy property in Tulum, although with some exceptions: Those properties within the 50-kilometer limit from the coastline have to be bought through a bank trust, fideicomiso, or a Mexican corporation. Direct property ownership by foreigners is possible outside this restricted zone.
In order to buy property in Tulum, you will need the following documents such as valid passport, Mexican Visa or Residence Permit if required, taxpayer ID number RFC and few more documentation that we can help to gather.
It's very important that you deal with a local agent who knows what they're doing. They can assist you with these areas such as navigating the local real estate market, understanding the legal requirements of a transaction and communicing in Spanish with some sellers and local authorities.
When you get your dream property, you need to place your formal offer through your agent. Next step is to negotiate price and terms with the seller and determine when the transaction will take place.
In the restricted zone, you should choose a Mexican bank as trustee and create the fideicomiso. This is good for 50 years and renewable or create a Mexican corporation if you plan to operate a business on the property.
To finalize the property purchase in Tulum, first, conduct a title search to ensure clear ownership. Then, draw up and sign the sales agreement. Pay the closing costs and taxes. Finally, receive the deed (escritura), officially transferring ownership. A notary oversees these steps to ensure all legal requirements are met.
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