Owning property in Mexico, especially in destinations like Tulum, has always been an attractive idea for foreigners. White sandy beaches, delicious food, fascinating culture and the promise of plenty of year-round sunshine make Tulum a paradise for foreigners.

But can foreigners buy property in Tulum? If you are not Mexican, you will be happy to know that yes, as a foreigner, you can buy a house, condo, or even land to build from scratch.

There is a restricted zone

In Mexico exist a restricted zone that applies to real estate sales with foreigners. It is a 100 km (about 62 mi) strip along the land borders and 50 km (31 mi) along the Mexican beaches.

Don’t worry. Many people don’t know that as a foreigner, you can buy property within this restricted zone. This transaction can be done through a bank trust.

Bank trust to purchase in the restricted zone

The bank trust is a transaction that is formalized with a Mexican banking institution and is renewable every 50 years. Don’t worry; it is an easy process to do, and you won’t have any problem obtaining it.

This trust is managed and regulated by the bank. Still, as the buyer of the property, you are the designated primary beneficiary and can use or modify it as you wish. You can also rent or sell it and receive 100% of the profits.

You can also name substitute beneficiaries in the trust so that the rights to the property will pass to them in the event of your death.

Tulum is located on the coast of the Riviera Maya, so it is part of the restricted zone. Therefore, to buy here, you must do it this way.

Taxes you 

As a foreigner, you will have to pay the same taxes as any buyer in Mexico: ISAI (Property Acquisition Tax) and VAT (Value Added Tax).

The seller must cover the ISR (Income Tax) and declare the property’s sale.

Financing options for foreigners

Different financial institutions offer options to foreigners who wish to purchase real estate in Mexico. The process is simple, and the interest rates are quite competitive.

Additionally, we at Riviera Tulum offer 24-month interest-free financing on the purchase of houses, condos, and residential and commercial lots.

Buy a property in Tulum – begin today!

Thanks to its high economic growth rate and constant development, Tulum has become a real estate hotspot in the Mexican Caribbean. If you buy a property in this area intending to rent it when you are not using it, you can expect an 8 to 14% annual return.

If you wish to buy a property in Tulum or land for construction, don’t hesitate to get in touch with us. In Riviera Tulum, we have exclusive properties and residential and commercial lots in a private development with 24/7 security, located a few minutes away from the beautiful white sand beaches that characterize our destination.

Send us a message. It will be a pleasure to meet you, answer all your questions, and help you make the best real estate investment in Tulum.