When it comes to investing in Tulum real estate as a foreign, there are a few things to keep in mind. Making sure you have a professional real estate agency to back you up is one of the most important.
Tulum has been a great place to invest in real estate for a few years now. The Riviera Maya belongs to the states of Yucatán, and Quintana Roo have a growing economy linked to tourism. They are two of the most secure states in the country, which is why international investments continue to grow every year. Also, better developed infrastructure, such as airports and Mayan trains, which are becoming a reality in the coming years. A relatively stable political environment also helps.
Yes investing in Tulum, or the Riviera Maya is possible without being mexican
foreigners who wish to buy or invest in real estate in our country must make an agreement with the SRE (Ministry of Foreign Relations). This agreement is known as the Calvo Clause.
What does the Calvo Clause mention?
For the State to grant such a right to foreigners, they must enter into an agreement by which they are considered as nationals -Mexicans- with respect to the real estate object of purchase.
In summary, there are two ways for a foreigner to buy land or property in Mexico if it is located in a restricted zone:
In a Mexican corporation for property or land other than for residential purposes.
Through a bank trust for those for residential purposes.
Regardless of how you choose to invest, be sure to do your research and understand the risks and rewards involved. Also be sure to get professional advice to help you make the best decision for your needs. At iMexico Real Estate we can advise you on this matter.
The advantages of having a professional real estate agent
Here are some advantages of having a real estate company when investing in Mexico.
a) A well-known company with years of reputation will not disappear overnight.
b) A company based in the Riviera Maya will have many highly knowledgeable and experienced agents who can help you understand the Mexican market so you can make the best decisions about your estate.
c) They can also help you avoid costly mistakes.
Conclusion
Whenever it is about investing large amounts of money or financial commitments in the medium and long term, it is best to do in-depth research and consult with experts who know the area or sector in which we will invest our assets very well. real estate is no exception and less when it comes to investing in another country