New Condos For Sale in Tulum

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.

-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.

• 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.

• 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.

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.

Buying a pre-construction condo in Tulum is a straightforward process, even for international buyers, including Canadians. 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.