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Properties for Sale in Tulum: Your Gateway to Paradise

condos for sale in tulum
Escape to Paradise: Experience the Turquoise Waters and Breathtaking Views of Tulum’s Pristine Beaches.

Explore exceptional properties for sale in Tulum, a destination celebrated for its stunning beaches and vibrant culture. Tulum, a stunning coastal paradise known for its breathtaking beaches and bohemian vibe, has experienced an extraordinary surge in interest in luxury real estate. With its eco-friendly developments, rich cultural heritage, and proximity to natural wonders, Tulum has become a sought-after destination for discerning buyers and investors. As you contemplate investing in or purchasing a new property in Tulum, this guide will offer essential insights into the thriving real estate market and the unique lifestyle this enchanting locale has to offer.

Tulum Real Estate Market – 2024 Snapshot

  • Condos: Prices range from $135K to $743K.
  • New Homes: Start at $193K, up to $2M.
  • Price Growth: House prices rose 5% YoY.
  • Rentals: Average $1K–$4K/month.
  • Vacancy: 10% during high season (Dec–Apr).
  • Selling Time: Condos sell in 25–45 days, homes in under 60 days.

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Why Invest in Tulum Real Estate?

Strong Market Growth

Tulum’s real estate market has shown consistent appreciation, with an average annual price increase of 15% since 2015. This strong growth highlights the area’s stability and rising demand. With around 2,500 properties sold each year, Tulum’s real estate sector remains vibrant, making condos for sale in Tulum a hotspot for both new and seasoned investors.

Tourism-Driven Demand

In 2023, the state of Quintana Roo, which includes popular destinations like Tulum, welcomed a total of 21 million tourists, marking an 8% increase from the previous year. Tulum itself attracts around 2.5 million tourists annually, driving a high demand for vacation rentals. With approximately 5,000 properties listed and hotel occupancy rates averaging 75%, the thriving short-term rental market presents a strong income potential for investors, particularly those with vacation homes.

Infrastructure Development

Major infrastructure projects, including the new airport and the Tren Maya railway, are set to improve connectivity to Tulum. These advancements will not only boost tourism but also drive property values higher. Enhanced infrastructure stimulates economic growth, creating more job opportunities and increasing local demand for real estate.

Tulum Rental and Seller Market 2024

Rental Market 

The typical monthly rental prices for homes in Tulum range from $1,000 to $4,000, influenced by the property’s size and location. Vacancy rates in Tulum vary seasonally; during the peak season from December to April, these rates are around 10%.

Seller Market 

The prices for new condos for sale in Tulum range from $135,000 to $743,000, while new homes start at $193,000 and can go up to $2,000,000, reflecting a 12% average home price increase nationally.

Average Renting and Selling Time in Tulum

-New Condos 

Renting Time for Condos: New condos in Tulum are highly sought-after by renters, often leasing out within 20 – 30 days. Rentals in Tulum range from $1,000 to $4,000 per month, with vacancy rates dropping to around 10% during the high season, December to April.

Selling Time for Condos: As of October 2024, new Tulum condos typically sell within 25 to 45 days of listing, a timeframe consistent with the previous year.

-New Homes 

-Renting Time for Homes: The rental market for detached homes in Tulum remains strong, with most properties leasing swiftly.

-Selling Time for Homes: In October 2024, detached homes in Tulum sold steadily, averaging 30 to 60 days on the market.

Neighbourhoods

Central Tulum

Central Tulum is the vibrant heart of the town, offering a bustling mix of local markets, authentic dining, and shops. It provides an immersive cultural experience with budget-friendly accommodations and easy access to services.

1. Tulum Pueblo

  • Highlights: Tulum Centro is the heart of the town, bustling with local culture, markets, and a variety of dining options. It offers a unique blend of traditional Mexican charm and modern conveniences.
  • Perfect for: Those seeking an immersive cultural experience, budget travellers, and anyone who enjoys being in the center of activity may choose to buy new homes in Tulum in this area.

2. Aldea Zama

  • Highlights: Known as Tulum’s upscale planned community, Aldea Zama features modern infrastructure, lush green spaces, and a pedestrian-friendly atmosphere. Its strategic location offers easy access to both the beach and Tulum Centro. 
  • Perfect For: Pre-construction condos in Tulum, in this area, are perfect for families, professionals, and retirees looking for a tranquil living environment with upscale amenities and proximity to both nature and urban conveniences.

3. La Veleta

  • Highlights: La Veleta is characterized by its artistic vibe and relaxed atmosphere. This neighbourhood is popular among expats and offers a mix of local eateries, art galleries, and boutique accommodations.
  • Perfect For: Creative individuals, long-term visitors, and those seeking a bohemian lifestyle with a strong sense of community.

Beach Area

The Beach Area, or Zona Hotelera, is known for its stunning coastline and luxurious lifestyle, featuring pristine beaches, upscale hotels, beach clubs, and gourmet dining. New developments in Tulum, in this area, offer a relaxed yet chic ambiance, perfect for both tranquillity and vibrant nightlife.

1. Zona Hotelera

  • Highlights: The Zona Hotelera is renowned for its stunning beaches, luxury resorts, and vibrant nightlife. This area is a prime destination for those seeking relaxation and high-end experiences by the sea.
  • Perfect For:  Tourists looking for luxury accommodations, beach lovers wanting immediate access to the ocean, and anyone interested in wellness retreats or beachfront dining.

2. Tankah Bay

  • Highlights: Located slightly north of Tulum, Tankah Bay boasts exclusive beachfront properties with stunning ocean views. It’s known for its luxurious villas in a serene setting away from the crowds.
  • Perfect For: New builds in Tulum, in this area, are perfect for high-end buyers looking for luxury beachfront homes, vacationers wanting private retreats, and anyone seeking peace while enjoying coastal living.

Emerging Areas

Tulum’s Emerging Areas represent the destination’s future, with growth potential and investment opportunities. These neighbourhoods, like Region 8 and Selva Zama, feature low-density, eco-friendly developments, attracting investors and residents seeking a blend of nature and modern conveniences.

1. Region 8

  • Highlights: Region 8 is an emerging area known for its low-density development and proximity to the beach. It combines natural beauty with potential for future growth as Tulum expands.
  • Perfect For: Pre-construction homes in Tulum, in this area, are perfect for investors looking for emerging opportunities in real estate, eco-conscious buyers wanting to live near nature, and those who prefer a quieter lifestyle.

2. Selva Zama

  • Highlights: Nestled between Aldea Zama and the jungle, Selva Zama emphasizes sustainability while offering modern living spaces integrated into nature. It features eco-friendly designs amidst lush surroundings.
  • Perfect For: Eco-conscious buyers who appreciate sustainable living options, families wanting a connection to nature, and individuals seeking tranquillity close to urban amenities.

3. Kaybe

  • Highlights: Kaybe is a modern gated community that combines luxury living with exclusive amenities such as a clubhouse and spa. Its location provides easy access to both Tulum town and the beach zone.
  • Perfect For:  Those desiring a secure residential environment with modern comforts, families looking for community amenities, and investors seeking upscale properties.

Pros of Living in Tulum

  • Stunning Beaches: Tulum is renowned for its breathtaking beaches characterized by powdery white sand and crystal-clear turquoise waters. These beaches provide an idyllic setting for relaxation, water sports, and sunbathing, making it a paradise for beach lovers.
  • Diverse Food Options: Despite its small size, Tulum boasts a surprisingly diverse culinary scene. Residents can enjoy everything from upscale dining experiences to local street food. The town is particularly known for its vegan restaurants and health-conscious eateries, catering to various dietary preferences.
  • Lifestyle Flexibility: Many residents appreciate the laid-back lifestyle that Tulum offers. The pace of life allows for more leisure time spent outdoors or engaging in personal hobbies, contributing to overall well-being.
  • Day Trips: Tulum’s central location makes it an excellent base for exploring nearby attractions such as the Sian Ka’an Biosphere Reserve, the picturesque town of Valladolid, and other cenotes and natural parks. Residents can easily embark on weekend getaways or day trips to experience more of Mexico’s natural beauty and cultural heritage.

Cons of Living in Tulum

  • Tourist Overcrowding: The influx of tourists can lead to crowded public spaces and beaches, diminishing the serene atmosphere many seek when moving to Tulum. The presence of predominantly foreign tourists can also create a sense of cultural disconnect for long-term residents.
  • High Cost of Living: The cost of living in Tulum has escalated significantly, with accommodation and food prices often exceeding those in other parts of Mexico. This trend creates a divide where only wealthier individuals can afford to live comfortably, pushing out lower-income residents and exacerbating social inequalities.

Tips for Navigating the Pre-Construction Stage

Pre-construction refers to buying a property, like a condominium or house, before it’s complete. This stage presents a key advantage: locking in a price before market appreciation, potentially enhancing the investment’s future value. However, it’s crucial to understand pricing structures, timelines, and associated risks.

How to Purchase a Property in Tulum as an International Buyer

Buying a property in Tulum is a straightforward process, even for international buyers, including Canadians, Americans, etc. Here are the basic steps:

  1. Research & Choose a Developer: Start by researching reputable developers in Tulum. Ensure the developer has a solid track record and the project is fully licensed and approved.
  2. Select Your Unit: Once you’ve chosen a development, select your desired unit. Developers often provide floor plans, 3D renderings, and detailed descriptions of the condo.
  3. Make a Reservation: To secure a unit, you’ll need to make an initial deposit. This usually ranges from 10-30% of the purchase price, depending on the developer.
  4. Sign a Purchase Agreement: After making the deposit, you’ll sign a formal purchase agreement, which outlines payment terms, construction timelines, and your obligations.
  5. Set Up a Trust (Fideicomiso): Buying property in Tulum as a foreigner requires navigating certain regulations. While Mexico allows foreign ownership, properties within 50 km of the coastline are subject to restrictions. To comply, foreign buyers typically use a “Fideicomiso” (bank trust). In this arrangement, the seller transfers the property’s legal title to a bank, which holds it on behalf of the buyer, who retains full ownership rights, including the ability to sell, lease, or inherit the property. The trust is renewable every 50 years, providing long-term security and ensuring full legal protection for foreign buyers. 
  6. Make Payments According to the Construction Schedule: Payments are usually made in installments as construction progresses. Developers typically provide a clear payment schedule.
  7. Take Possession: Once construction is completed and the remaining balance is paid, you’ll receive the title or trust documents, granting you ownership of the condo.

 

Tip 1: An alternative method to own property in Tulum is by establishing a Mexican corporation, which is particularly advisable for investors who intend to acquire multiple properties.

Tip 2: On average, the process of finalizing a property purchase typically takes between 60 to 90 days.

Tip 3: Grasping market dynamics and mastering this volatile landscape, especially in international markets, often requires expert knowledge. Therefore, it’s best to consult professionals.

To make well-informed decisions tailored to your unique investment goals, we recommend contacting us at Platinum Condo Deals. Our expert advice and tips will help you navigate the pre-construction stage with confidence.

FAQs About Buying Homes in Tulum

How much does it typically cost to purchase a condo or new home in Tulum in 2024?

In Tulum, expect to pay between $135,000 and $743,000 for a new construction condo, and anywhere from $193,000 to $2,000,000 for a new home.”

What are the average rental prices for new condos in Tulum?

In Tulum, monthly rentals vary from $1,000 to $4,000, and vacancies can dip to about 10% during the busy December to April period.

Is the Tulum real estate market buyer-friendly?

In October 2024, Tulum’s real estate market became advantageous for buyers, as the supply of condos for sale in Tulum exceeded demand, providing more choices and better negotiating leverage.

What are the typical closing costs when buying a new property in Tulum?

Closing costs in Tulum are 6-7% of the property value, covering notary fees, transfer taxes, and registration fees. Be sure to check what amenities are included in the price. For investments, allocate 10-15% of the property value for rental preparations, focusing on interior design for maximized appeal and functionality.

How much down payment is typically required for pre-construction condos in Tulum?

Pre-construction buys usually require a $5,000 refundable deposit and a 30% down payment. Larger down payments can mean bigger discounts.

Can you get a mortgage for a pre-construction condo in Tulum?

For foreigners investing in Mexico, securing financing from their home country is often favourable. U.S. buyers can consider Home Equity Loans or Lines of Credit, potentially repaying loans with rental income.

Which amenities are most requested by guests for short-term rentals in Tulum?

Guests in Tulum most frequently request internet, air conditioner, kitchen, pool, and parking for short-term rentals.

Why should I consider investing in new pre-construction condos in Tulum in 2024?

Investing in 2024 Tulum pre-construction condos brings strong market growth, high rental demand from tourism, and promising long-term returns—ideal for seasoned and new investors alike.

What are the top neighbourhoods for investments in Tulum Condos for sale?

Neighbourhoods like Aldea Zama and La Veleta present unique investment opportunities in Tulum’s growing real estate market.

How reliable is Tulum's public transportation?

Tulum’s public transportation is reliable and caters to various budgets and preferences. With ongoing infrastructure improvements and a growing expat community, getting around is increasingly convenient for residents and visitors.

Who is buying condos in Tulum Mexico?

Tulum’s real estate market is thriving, drawing Mexicans, Americans, and Canadians. Americans invest in condos for vacations and income, first-time buyers find affordability, and retirees escape winter months.

How can I stay up-to-date on listings of new homes in Tulum?

Stay informed about new Tulum condo developments by subscribing to Platinum Condo Deals newsletters.

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