How To Buy A Property In Tulum As A Foreigner? An Insider’s Guide!

Are you thinking about setting up your dream office or investing in commercial space in the laid-back paradise of Tulum? You’re not alone! 

The idea of owning a slice of this trendy Mexican hotspot, especially for commercial use, is catching the eye of entrepreneurs, digital nomads, and investors from all over the world.  

But before you start picturing your stylish Tulum workspace surrounded by palm trees, it’s important to know how to buy property in Tulum Mexico, as a foreigner. 

Why Is It Necessary To Understand The Overall Market?

Tulum is not just some kind of vacation destination. It is a very fast-growing real estate hub. Over the past few years, the location has seen a surge in various types of boutique hotels, coworking spaces, cafes, and retail outlets.  

This growth has been great news for anyone who is planning to invest in commercial properties! However, you cannot overlook the fact that the market is highly competitive and constantly evolving.  

Before making any move, it’s key to understand:  

Property values: The prices in Tulum are increasing as demand grows. The place is especially well-located for foreign investors who are looking for commercial spaces.  

Understanding the property values, recent sales, and prices per square foot can prevent you from overpaying.  

Companies like Tulum Real Estate help you to find the right property values for yourself.  

Project feasibility: Each part of Tulum has its own vibe and potential for ROI. For the commercial real estate developers, this market research is more like a critical assessment of whether the project is financially viable or not!  

Legal rules for foreigners: Mexico welcomes foreign investors! However, you cannot simply enter the market and make your investment.  

Thus, investors must understand the regulatory environment, zoning laws, taxes, and other unique rules applicable to them.  

Provides negotiation power: Equipped with data on comparable property values and market trends, investors can negotiate more effectively. This gives them an edge in a fast-paced and competitive market. 

Knowing the market helps you spot great deals, avoid overpaying, and plan for long-term gains.  

What Are The Things That You Must Consider Before You Buy A Property In Tulum?

Buying property abroad sounds exciting, but it’s not just about picking a pretty building. Here are some important things to think about:  

1. Purpose of Your Investment

Are you planning to open an office, a coworking space, a café, or a retail store? The type of business will affect the kind of property you need. 

2. Budget & Hidden Costs 

When you are thinking about how to buy property in Tulum Mexico, you have to consider the sales part of it.  Besides the purchase price, you’ll need to budget for closing costs, taxes, legal fees, and potential renovations.  

This closing amount is around 6% to 7% of the total cost of the property in Tulum.  

Now, if you are planning to buy a property for rental income, you have to invest around 10% to 15% of the property value for furnishing and set up. This can increase the potential of the commercial real estate properties.  

3. Location, Location, Location!

Tulum is divided into different areas, each offering unique benefits. Some are buzzing with tourists, while others are more peaceful and ideal for long-term office setups.  

Region 12 is attractive and is gaining much attention for the low-density development.  

4. Legal Structure

As a foreigner, you can buy property through a fideicomiso (a bank trust) or a Mexican corporation. The corporation route is common for commercial buyers because it allows you to operate a business and own property outright.  

As per the trust agreement, it is renewable every 50 years. This is what makes it suitable for foreign investors while ensuring long-term security in terms of property ownership.  

5. Growth Potential

Look at future development plans. Areas with upcoming infrastructure (like new roads or utilities) can boost your property value. 

How To Buy Property In Tulum Mexico?  

Now that you have understood the factors you must consider while buying a property in Tulum, let’s take a look at the process of how to buy property in Tulum Mexico:  

Good news? You can purchase property in Tulum as a foreigner, even if you’re not a Mexican citizen. The process is straightforward once you know the steps. Here’s how it usually works:  

1. Work With a Local Real Estate Agent

Find an experienced agent who specializes in commercial properties. They’ll help you discover the best deals and guide you through the local market quirks.  

2. Choose the Right Legal Setup 

Fideicomiso (Bank Trust): Great for residential properties within the restricted zone (like Tulum), but less ideal for commercial use.  

Mexican Corporation: Perfect if you plan to run a business. A lawyer can help you set up a corporation so you can purchase the property directly.  

3. Hire a Real Estate Lawyer

A lawyer will check the property’s title, ensure no debts or disputes exist, and handle all paperwork. This step is non-negotiable.  

4. Make an Offer & Sign a Purchase Agreement 

Once you’ve found your dream property, you’ll sign a preliminary agreement and pay a deposit (usually 5–10%). 

5. Finalize with a Notary 

In Mexico, a notary public ensures the deal is legal and registers your property with the government.  

6. Pay Taxes & Fees 

Expect around 5–7% of the property price in closing costs, which covers taxes, notary fees, and legal services. 

Where Are The International Buyers Investing?

The rapid development of Tulum has created a patchwork in the neighbourhood and the other property types. This has been quite an appeal to the foreign buyers.  

The international investors are focusing on such places where they can find the right balance between a great lifestyle and great ROI.  

Here is a detailed breakdown of the property and areas that have been catching the global attention:  

Tulum Pueblo (Downtown)

This is the heartbeat of Tulum, full of shops, restaurants, and businesses. It’s ideal for offices, coworking spaces, or retail outlets because of the high foot traffic and easy access for locals and tourists alike.  

Tulum Beach Zone

If your business caters to tourists, this area is gold. Think beachfront cafes, boutique hotels, and high-end coworking lounges. The demand for commercial property here is strong, but prices can be higher.  

Aldea Zama

Aldea Zama is the perfect blend of modern convenience and natural beauty. It’s a master-planned community with upscale condos, shops, and offices.  

Many foreign investors love this area for its stable infrastructure and growing commercial scene.  

La Veleta

This neighborhood is up-and-coming and slightly more affordable. It’s popular among digital nomads and young entrepreneurs looking for trendy yet budget-friendly spaces. The potential ROI here is huge as the area continues to develop. 

How Can You Make A Smooth Investment? An Insider’s Tips

A smooth investment process in Tulum commercial properties involves several key steps: 

Consult Real Estate Experts: Work with local real estate agencies specializing in the Tulum market. Agencies like Tulum Land & Property, Jaguar Tulum Real Estate, etc. These agencies have extensive experience and can guide you through the process. 

Visit in Person: Photos can be misleading. Spend time in Tulum to feel the neighborhood vibe and check property conditions firsthand.  

Think About Accessibility: Easy access to roads, parking, and public transport will make your office more attractive to clients and employees.  

Plan for Growth: Tulum is still expanding. Look for properties near upcoming developments like new highways or commercial hubs.  

Work With Professionals: From lawyers to notaries, having a trusted local team ensures a safe, legal purchase. 

Explore Financing Options: You can consider different avenues for funding your purchase! There are Mexican banks (e.g., BBVA, Santander, HSBC) that cater to clients with established income and credit in Mexico. The U.S. banks and private lenders are offering cross-border loans.