There have been negative reports and international scrutiny, regarding what is happening in Tulum right now. When our clients come with this concern, we can tell them that investing in Real Estate in Tulum is safe. We cannot deny there has been problems, but this is happening in a very specific area known as Punta Piedra which covers about 2% of the total area of the community of Tulum.
Punta Piedra is an area known for the disputes between private owners and ejidatarios, as there have been conflicts for over four decades. The boundaries between ejido land and private land were never clear, and caused many unaware buyers to purchase properties that were not titled or the titles were issued in an unlawful manner.
Regardless of these events, Tulum is a popular tourist destination and the real estate market is booming. Government officials estimate 200 families arrive every week, a huge increase of 12,000 people every year. To put this in perspective, there was 11,000 people arriving to Playa del Carmen, which in 2015 was still considered the fastest growing city in the world.
How to Purchase Real Estate in Tulum in a Safe Manner?
There are many areas that are being developed in Tulum, and they can be considered a safe investment. Areas like Aldea Zama, La Veleta or even new developments in the jungle, offer legal certainty to potential buyers.
How to avoid legal problems when purchasing a property in Mexico?
Mexico has many laws in order to prevent these kind of problems, Title Insurance is not even known as every purchase is legalized in many levels by the local and state and government. As Real Estate Experts, our recommendation is to surround yourself with the right professionals, to help in every step.
Real Estate Agent
You need a Certified professional, someone that is also familiar with the area and the process of purchasing a property as a foreigner. Finding the right Real Estate Agent can be easy if you look in pages like AMPI, the Mexican Association of Real Estate Professionals.
Lawyer
A lawyer can help you navigate the process of purchasing Real Estate in Mexico in a safe manner. From reviewing contracts, having an apostille in your documents or getting your permission to purchase property in Mexico, an experienced lawyer is an excellent investment.
Notary
A notary in Mexico is a Lawyer certified by the federal government to check the property’s status, the correct payment of property taxes and to record the ownership of the property in the Public Registry. A notary is liable in civil and criminal terms, in case of any trouble regarding the transfer of the title, paying taxes, check the property for liens, debts, etc.
Title Insurance
This is common in the United States, and protects your property from any legal problems regarding the title. This is an option we offer to our clients, just in case they want an added layer of protection.
If you want to learn more about our company or available properties, please visit our website or contact one of our buyer’s representatives. We also offer special webinars and eBooks, so you can educate yourself on owning a property in Mexico.
Remember: at Top Mexico Real Estate…
We Make It Happen!
