Can foreigners really own property in Mexico?

es! Today, Mexican laws give foreigners the ability to own real estate in Mexico. There is, however, a Restricted Zone that extends 50 km inland from the coastline. Outside the Restricted Zone, a foreigner may acquire land and be direct owners of the property with all the rights of a Mexican national in compliance with Mexican Law. Inside the Restricted Zone, there are two alternatives for foreigners who wish to buy real estate. Since 1973, foreigners have been able to purchase coastal property through a Mexican bank trust, known as a Fideicomiso.

Can I get financing for my real estate purchase in Mexico?

Unfortunately, at this time, there are no financing or mortgage options for foreign buyers in Quintana Roo. This can change at any time and updates will be posted.

What about the availability of title insurance?

Beginning in 1996, Stewart Title Mexico began underwriting title insurance for Mexican properties at an approximate cost of 1% of the insured amount. Other types of insurance, including property, liability, damage, and earthquake, are all readily available in Mexico, at low cost, and policies can be written to pay claims in U.S. dollars.

What can I expect to pay in property taxes?

Property taxes have historically been low in Mexico because they have never been considered a source of governmental revenue. Known as Predial, the tax is calculated as a percentage (currently .25% of the assessed value), determined at the time of sale. Generally speaking, you can expect to pay $100usd per $100,000usd of assessed value yearly.

Who will manage my property when I am not using it?

Choosing the right Property Management company can mean the difference between an excellent appreciating investment and a huge liability. If you are a property owner in search of Property Management, we are happy to be able to refer you to the best, most professional Property Management companies and will gladly arrange a meeting with their teams. The right management company for you will take the time to a construct a cohesive plan that will best serve your particular needs and help you to realize your property's maximum potential and protect your investment.

Why should I consider buying property in Mexico?

The coastal real estate market in Mexico is booming. Mexico's economy, the 9th largest in the world, values and encourages foreign investment dollars and especially tourism; Mexico is a top world-destination for both vacation and retirement among US and Canadian

BREATHTAKING APARTMENT | 3 BED ROOM | TULUM | POOL | YOGA AREA | POOL BAR | BEACH CLUB, Suite B 303 Region 15 (Tulum, Quintana Roo, MX - 77765) Under Construction

$665,000 USD

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Details

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PLAYA REALTORS

Karina Sayed 984-186-5453 (Office) 855-894-2500 (Cell) Request More Info

Type: Condominium
Style: Apartment
Bedrooms: 3
Bathrooms: 3
Garage: Single
Size: 2,479 sq. ft. "230.38 M2"
Development Level: Under Construction
MLS #: PAP2461178

Description

TULUM, It is one of the most visited tourist destinations in the world with the highest growth and development in Mexico, it is the new scenario for real estate investors. That is why this development is a luxurious and sophisticated lifestyle surrounded by nature.

AMENITIES

Lobby
Elevators
Underground parking
Underground Warehouses
Bose sounds in apartments
Commercial Area
COncierge Service
24/7 security
Background music in development
Juice bar
Pool bar
Grill area
Chef at home
Pizza oven
Outdoor cinema
Interactive sources
Reading areas
Lookouts
Campfire Hall
Water mirrors
Family and adult pools
Beach club
Outdoor Jacuzzi
Counter current swimming pool
Friendly pet
Children's Games with Kids Water
Spa with temazcal
AShram / meditation
Massage area
Yoga outdoors
Hammocks
Calisthenics team
Climbing wall (children and adults)
Exercise stations
bikes
Indoor and outdoor gym
Aromatic herb gardens
Flower gardens
Organic garden.

Attachments

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Features

Interior Features

Laundry Room
Stone

Exterior Finish

Cement
Glass
Stone
Wood

Appliances

Outdoor Grill

Lot Features

Garage
Garden Area
Lawn
Multiple Garages
Playground
Swimming Pool
Trees / Shrubs

Extra Features

Central Elevator
Controlled Access
Fitness Center
Lobby
Pets Allowed
Security Guard on Duty
Storage

P2#516503263

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Information is deemed to be correct but not guaranteed.

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