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

FURNISHED AND EQUIPPED LOFT-BASED ON ART AND LUXURY AMENITIES- TULUM Region 15 (Tulum, Quintana Roo, MX - 77760) Built

$327,000 USD

Last 3 units available

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Details

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PLAYA REALTORS

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

Beautiful and unique design
Type: Condominium
Style: 3 Story
Bedrooms: 3
Bathrooms: 3
Size: 1,637 sq. ft. "152.06m2"
Development Level: Built
MLS #: PAP3799059

Description

THIS IS THE LIFE YOU CAN CREATE
8 MIN. from Aldea Zama
10 MIN. to the beach
15 MIN. from Mia Beach Club

Marielle Garcia

Conceptualizes to give life and soul to this project, she has more than 100 individual and collective exhibitions, she has 16 years of experience, her passion is to work with oil and to impregnate life to her works.

Her work has been present in various museums such as the Museum of Modern Art in Mexico City, her works are exhibited in different galleries in Mexico, United States and Spain.

Marielle promotes through her gazes, an awareness of the self and the now, her intention is to reflect on us as individuals and as a society. Transcending through Art as an inspiration to transform our reality and share the great legacy of life.

Fully furnished apartments:

- Dining room for 6 people
- Bedroom chair
- TV stand
- Coffee table
- Mezzanine bedroom
- Queen Size Bed - Base - Headboard - Mattress - 2 Work tables - TV stand - TV stand - Coffee table
- Mattress - 2 Work tables - Tv cabinet -
- 50 inch Smart TV

Amenities

- River pool
- Yoga area
- Garden
- Security
- Covered parking.

Attachments

View Listing Brochure

Features

Roof

Built Up
Other

Cooling

Ceiling Fan
Zoned

Lot Features

Deck
Garden Area
Gated Community
Swimming Pool

Extra Features

Balcony
Controlled Access
Fitness Center
Furnished
Lobby
Reserved Parking
Security Guard on Duty

P2#457851911

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Information is deemed to be correct but not guaranteed.