Tulum Real Estate

Yes, foreigners can own property in Tulum via a “fideicomiso”: a trust with a Mexican bank facilitated by a notary. The bank acts as a trustee and follows instructions from the owner. Via this arrangement, foreigners can have all rights to use, occupy, lease, build, improve, and sell their real estate. On average, it takes 60 to 90 days to complete a purchase. At TLAP we work closely with a trusted team of professional lawyers and notaries who ensure that all legal processes proceed smoothly.
Another way of owning Tulum real estate is by creating a Mexican corporation, this is recommended when investors plan to own several properties.

Most pre-construction properties require a refundable deposit of $5,000 USD to secure a unit. If you're after a perfect option, expect high demand. The deposit will secure the unit while contracts are drafted. Typically when buying a new construction, buyers make a down payment of 30% but larger down payments lead to larger discounts. The rest of the payments are made according to negotiable payment plans over the construction time, allowing investors to enjoy better liquidity before delivery.

Tulum real estate agents estimate the average annual ROI to be between 8% and 15%. This depends upon location, features, property type, rental rates and concept design. At TLAP, our team of experts exclusively selects properties that typically generate 10% to 20% ROI per year.

For foreigners investing in Mexico, the best way to obtain finance is to do so at home. In the US, you may take a Home Equity Loan or Home Equity Line of Credit. Buyers are able to repay their monthly loan payments with rental income from their vacation rental. During the high season in Tulum, a two-bedroom apartment can rent for up to $500 USD per night and villas can command over $1,000 USD per night. Financing in Mexico is typically 8%-9% plus fees and involves a lengthy process.

Closing costs are typically 7% of the property price. This includes the acquisition tax, recordation fee, certificate of no liens, municipal appraisal, legal and closing fees, and public notary fees. The yearly estate tax in Mexico is typically 0.1% of the purchase price. HOA fees typically start from $2.5 USD per square meter per month depending on the amenities included. The cost of furniture and appliances must also be considered in your budget. Our professional team can help you understand these costs and find you an affordable opportunity, schedule a call with us to get started.

Yes, many of the condos and houses sold in Tulum come with amenities, depending on the location, project and property type. Usual conveniences and services include: pool, rooftop, fitness and yoga centre, restaurants, coffee shops, co-working space, etc.

Tulum is safe. Recent data shows that the crime index is in fact lower in Tulum than in major cities of the United States, such as Miami. Occasional violent incidents usually do not involve foreigners and tourists, but are rather restricted to disputes between cartels. As for every destination prized by tourists, the usual precautions do apply in Tulum when it comes to irregular activities and behaviour. Many tips are available on forums for first-time travellers to the Riviera Maya on how to avoid scams and theft.

Yes, you can schedule a phone call with a local agent via this online form. Our advisors have bought land and buildings in Tulum. We have been through the process first-hand and are best-placed to answer any questions you may have about your future investment property.