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Tulum: tourism and real estate hotspot worldwide

Tulum is an international hotspot for tourists and investors looking to carry out all kinds of real estate businesses, be they family homes, condos, or commercial projects.

Tulum’s strong connection with nature, culture, design, and architecture has made it one of the top vacation and real estate destinations worldwide. Of course, without leaving behind its beautiful beaches and cenotes, fantastic gastronomic offer, and excellent location just 2 hours from Cancun.

Tourist hotspot

Tulum is a much younger destination than Cancun and Playa del Carmen that were formed decades before. In the beginning, it was a place where very few tourists came in search of its beautiful turquoise blue sea, its quiet white sand beaches and spectacular sunrises. However, little by little, it became famous among celebrities and jet-setters looking for a luxurious travel style but with an irresistible rustic touch. Basically, the trend known as “hippie chic”. Today, Tulum is a destination with an incredible offer of spas, gourmet cuisine, eco-chic hotels and an important community of creatives that fill every corner with a fantastic vibe. Not for nothing, Tulum receives about 1.5 million visitors per year.

Real estate hotspot

Hand in hand with tourism growth in Tulum comes real estate growth, which, in fact, is at its fastest pace. The popularity of the destination has caused a high demand for houses and condos, so now is the best time to invest in Tulum.

The value of land and properties in Tulum will continue to increase in the coming years as the demand for housing continues to grow. Vacation rentals have seen significant growth in the area, so many people choose to invest in land or property to turn it into a juicy hospitality business. To give you an idea, if you buy a property intending to rent it when you are not there, you can expect an annual return of around 8 to 14%.

For all these reasons, Tulum is a great place for many investors who want to obtain a better return on their investment than in other parts of Mexico. A property in Tulum generates a higher return than a property in Mexico City.

If you are an investor, you probably already know that real estate is one of the safest investments you can make. You only have to seize the opportunity when the right offer at the right price is in front of you.

One of the fundamental aspects of making a good investment in Tulum is approaching serious and professional real estate agencies. This is why at Riviera Tulum we are at your service to offer you residential and commercial lots and built houses located in the middle of the jungle and a few minutes from the beach.

Get in touch with us. Our advisors will be happy to answer all your questions and guide you to make the best real estate investment in Tulum.

Do you want more reasons to invest in Tulum? We invite you to read our article “Tulum: the best place to invest in real estate in Mexico.”

Cost of living in Tulum, Mexico?

We’ve already talked about how Tulum has become the best place to make a real estate investment in Mexico.

Its high capital gains, economic development, and beautiful beaches that attract thousands of visitors per year make it one of the favorite destinations to live and retire.

Tulum is a city that combines natural beauties with modern and luxurious real estate developments. Here you can have the best of both worlds: fascinating places to live in contact with nature and all the comforts and services that developed cities offer. Tulum’s lifestyle is characterized by being bohemian and with a high sense of respect for nature. For this reason, its inhabitants are constantly participating in the creation of sustainable tourism in the area. Both foreigners and Mexicans who reside in Tulum enjoy a quiet life with a strong connection with nature while living in avant-garde properties in design and architecture.

Living costs in Tulum

The costs of living in Tulum (and anywhere in the world) vary according to each person’s tastes, needs, and purchasing power. However, to give you a general idea, below we break down the essential expenses that everyone who lives in Tulum must consider each month.

House or apartment rent: an average of $20,000 MXN ($1,000 USD)

Services (water, electricity, gas, internet): $3,000 MXN ($150 USD)

Cell phone:  $600 MXN ($30 USD)

Groceries for 2 people: $5,000 MXN ($250USD)

Recreation (restaurants, bars, tourist sites) for 2 people: $8,000 MXN ($400 USD)

Gas: $2,000 MXN ($100 USD)

Health insurance: $2,500 MXN ($125 USD) –$30,000 MXN ($1,500 USD) per year, approximately-

House cleaning: $2,000 MXN ($100 USD) -4 days a month / 1 time a week-

TOTAL PER MONTH: around $50,000 MXN ($2,500 USD)

If you own the property you will live in, just eliminate the cost of renting a house or apartment.

Do you want to move to Tulum?

If you are thinking of moving to Tulum and want to buy a property, get in touch with us.
In Riviera Tulum we have residential lots located in the middle of the majestic jungle and a few minutes from the beach. Our prices are in Mexican pesos and we can finance your purchase for 24 months without interest.

Contact us! Our real estate advisers will be happy to answer all your questions and guide you to make the best real estate investment in Tulum.

Frequently asked questions foreigners have about real estate investment in Mexico

It is increasingly common for foreigners to want to buy a property in Mexico, either as an investment, retirement, or vacation. The weather, culture, natural beauties, gastronomy and human warmth, make Mexico a great place to settle.

In addition, the real estate market in Mexico shows constant growth every year. For foreigners, it is quite accessible to get a property in our country, even in its main tourist destinations, such as the Riviera Maya.

If you are a foreigner and are interested in buying land or property in Mexico, your mind must be full of questions.

Next, we answer the most frequent questions that foreign investors have about buying real estate in Mexico.

Can foreigners legally buy land and real estate in Mexico? Yes! As a foreigner, you can legally buy land and properties in Mexico. The process is simple and easy to understand. If you want to buy land or property in beach destinations, you should know that there is a “restricted zone” which is the land that is 100 kilometers from the border and 50 km from the coastlines. As a foreigner, you can buy in this area, but you must do it through a fideicomiso (bank trust).

What is a fideicomiso in Mexico?

The fideicomiso is a bank trust formalized with a Mexican banking institution and is renewable every 50 years. The bank maintains title to the property, but you, as the buyer, are designated the primary beneficiary and can use or modify it to your liking. You can also rent or sell it and receive 100% of the profits.

Also, you can name substitute beneficiaries in the trust so that the property rights pass to them in case you die.

Are there financing options to buy real estate in Mexico as a foreigner?

Yes, several financial institutions offer options to foreigners who want to buy real estate in Mexico. The procedure is simple, and the interest rates are pretty competitive.

Additionally, we at Riviera Tulum offer 24-month interest-free financing to purchase our residential and commercial lots.

How long does the process of buying a property or land in Mexico take?

The total time may vary depending on where you make the purchase. But, to give you an idea, it can be between 60 days (if you make the purchase in cash) and 90 days (if you make the purchase with financing).

What are the closing costs in Mexico? Closing costs in Mexico are calculated very differently than in other countries. The most significant expense is the Property Acquisition Tax, which is mandatory (for both nationals and foreigners) and usually is 2% of the purchase price. The percentage may change depending on the state in which you buy the property. In closing costs, you also must consider the costs of permits, certificates, notary fees, among others. In total, closing costs generally add up to between 4% and 6% of the purchase price of the land or property.

Do foreigners need a temporary resident visa to buy property in Mexico?

Any foreigner, even with a tourist visa, can buy a property in Mexico. By signing a property purchase contract, you are no longer considered a tourist and then you can apply for a temporary resident visa. But, if you want, you can do this after acquiring the property. You do not need to have it to make the purchase.

Which is the best place in Mexico to make a real estate investment?

Although Mexico has different areas that are an excellent option to live and invest in properties, the Riviera Maya is still the best place to do it.

This paradisiacal area of ​​the Mexican Caribbean has the country’s fastest economic and real estate growth rate. In particular, Tulum shows a constant rise in its numbers, mainly due to tourism that doesn’t slow down, even in times of global crisis. If you buy a property in this area to rent it when you are not using it, you can expect an annual return of around 8 to 14%.

If you want to make a real estate investment in Mexico, you should consider doing it at Tulum. In Riviera Tulum, we have residential and commercial lots within an exclusive development located in the middle of the jungle and a few minutes from the paradisiacal beaches of Tulum.

Contact us today! It will be a pleasure to answer all your questions and help you make the best real estate investment in Mexico.

Tulum: the best place to invest in real estate in Mexico

The Riviera Maya is one of the most sought-after destinations for real estate investments in Mexico. In this paradisiacal coastal area of ​​the Mexican Caribbean, Tulum stands out, having the fastest economic and real estate growth rate in the Riviera Maya and Mexico.

This economic growth has been confirmed for several years and is mainly due to the constant rise in the tourism market that shows no signs of slowing down. Even in times of global crisis, this destination has remained strong. Occupancy rates have steadily increased, and all the infrastructure projects planned by the government will continue to contribute to the growth of tourism in Tulum and the entire Riviera Maya.

For all this and much more, investors from around the world have not stopped setting their eyes on Tulum. These are the main reasons why Tulum is the best place to invest in real estate in Mexico.

Reasons to invest in Tulum

-Tulum is located 90 minutes south of the Cancun airport and 45 minutes from Playa del Carmen. Its white-sand beaches and turquoise blue sea have been named among the most beautiful beaches in the world and attract more than a million visitors per year.

-It’s a real estate investment magnet since it’s a city that respects nature and sustainable architecture without neglecting the services and comforts of modern life in a metropolis. This fusion creates a unique harmony that offers an exceptional lifestyle in Mexico.

-If you buy a property in Tulum to convert it into a vacation rental when you are away, you can expect an annual return of around 8 to 14%. Your real estate investment can be a productive hospitality business.

-You can rent or resell your property in American dollars, which maintain a value around 20 times greater than that of Mexican pesos. If you buy in pesos and rent or sell in dollars, you will have a good deal on your hands.

-Tulum’s living costs are much lower than in the United States and Canada, and most European countries. Also labor costs, so if you want to build your house from scratch, it will be cheap to do so.

-The future of Tulum looks even more promising with two projects of the Mexican government: the construction of an international airport and a rail network that will cross the Riviera Maya. These projects will give greater capital gains to real estate investments in Tulum.

-To all this, we must add the fantastic warm weather that Tulum has throughout the year. Goodbye, cold winters!

If you are thinking of making a real estate investment in Tulum, talk to us. In Riviera Tulum, we have residential and commercial lots located in the middle of the beautiful Tulum’s jungle and a few minutes from the beach.

Our prices are in pesos and we can finance your purchase for 24 months with zero interest.

Get in touch with us. Our real estate advisers will be happy to answer all your questions and guide you throughout the process to make the best investment in Tulum.

Contact us!

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