5 Best Tulum Condos for Sale Under $100k [Updated for 2024]

We hope that our list of Tulum condos for sale under 100k has given you a plethora of ideas regarding your potential property investment in Riviera Maya. 

Many first-time buyers tend to have a lot of doubts and questions related to buying real estate in Mexico as a foreigner.

To make sure that after leaving our website you have none of those whatsoever, below we have prepared a list of common questions related to the subject of buying condos in Tulum.

Can a foreigner buy property in Tulum?

Yes, as a foreigner, you can buy property in Tulum, including condos.

The Mexican Constitution prohibits direct ownership of land within the restricted zone, which includes areas along the coast and borders.

However, foreigners can acquire property in these zones through a “fideicomiso,” a bank trust established with a Mexican bank. This trust grants you full control over the property, including the ability to sell, lease, or pass it on to heirs.

Is property in Tulum a good investment?

Tulum’s property market has been on the rise due to its reputation as a trendy tourist destination with stunning beaches and a bohemian atmosphere.

The area’s popularity has driven demand for vacation rentals and second homes.

While it has shown strong investment potential, it’s important to conduct thorough market research and consider factors like location, property management, and potential regulatory changes before making an investment.

How much is property tax in Tulum?

Property tax rates in Mexico, including Tulum, are generally lower than those in many other countries. Property taxes (predial) are assessed annually based on the property’s assessed value. These taxes can vary depending on the property’s value and location, but they are generally reasonable and represent a fraction of the property’s worth.

What is the average price of a condo in Tulum?

The average price of a condo in Tulum varies widely. Beachfront or centrally located condos tend to be more expensive, with prices ranging from $90,000 to over $500,000 USD.

Factors such as size, amenities, proximity to the beach, and the development’s reputation can significantly influence condo prices. It’s advisable to consult current real estate listings to get a more accurate picture of the current market.

What are the risks associated with buying a condo in Tulum?

While Mexico and Tulum offer attractive investment opportunities, there are risks to consider.

These include potential changes in regulations that could affect capital gains tax rates, property ownership for foreigners, property disputes due to unclear land titles, and the possibility of overvaluation in a rapidly growing market.

What are alternatives to Tulum?

• Playa del Carmen: A well-established resort town with a diverse real estate market, offering condos, homes, and developments catering to various budgets. Its proximity to attractions and amenities makes it a popular choice.
• Cancun: A bustling city with a robust real estate market, ranging from luxury condos to residential neighborhoods. Its well-developed infrastructure and international airport add to its appeal.
• Puerto Morelos: A quieter coastal town with a laid-back atmosphere, offering a range of real estate options, from beachfront condos to charming homes.
• Mahahual: A tranquil village known for its pristine beaches, Mahahual offers a more off-the-beaten-path experience, with the potential for growth in tourism and real estate.
• Bacalar: Famous for its stunning lagoon, Bacalar provides a serene and natural environment. It’s an option for those seeking a quieter, nature-centric lifestyle.