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

BEAUTIFUL 2 LEVEL PENTHOUSE - 2 BR. WITH LOCK OFF - TERRACE AND JACUZZI - TULUM Region 15 (Tulum, Quintana Roo, MX - 77760) Under Construction

$232,000 USD

Request More Info

Details

BEAUTIFUL 2 LEVEL PENTHOUSE - 2 BR. WITH LOCK OFF - TERRACE AND JACUZZI - TULUM

Photos Map

PLAYA REALTORS

Karina Sayed +(52) 9841865453 (Office) +52 984 1121408 (Office) 1-877-379-0346 (Cell) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Size: 840 sq. ft. "78 m2"
Development Level: Under Construction
MLS #: PAP3888502

Description

It is located in region 15, one of
the areas of greatest added value in the Town
Magical of Tulum, 5 minutes from the area
hotel and the best beaches in the Riviera Maya.
Forget about the external world and create a
relaxation environment, connection with
nature and yourself.

It is the passage to a dimension of
tranquility, live the experience of a place
different in the Mayan jungle.
It is a development of 96 units with different
spaces that will make you live an experience
unforgettable, enjoy the stillness, peace and
environment of harmony and natural mimicry.

AMENITIES

ELEVATOR
LAUNDRY
SWIMMING POOL
JACUZZI
CAMASTROS AREA
TERRAZA
GREEN AREAS
GYM
YOGA AREA
RESTAURANT
PUB
WOOD FIRE
COMMERCIAL AREA
LOBBY

equipment
· Fully equipped kitchen
Frigobar Mabe or similar
· Electric grill
· Microwave oven
Tarja
Bathroom Furniture
Closets
King size bed bases
· Air conditioner

Attachments

View Listing Brochure

Features

Appliances

Microwave
Refrigerator - Bar

Lot Features

Deck
Garden Area
Gated Community
Swimming Pool

Extra Features

Balcony
Central Elevator
Controlled Access
Fitness Center
Lobby
Security Guard on Duty

P2#465624646

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Information is deemed to be correct but not guaranteed.

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