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

SPLENDID APARTMENT | 2BR | 3 JACUZZIS | TERRACES| LOCK OFF | TULUM Aldea Zama (Tulum, Quintana Roo, MX ) Under Construction

$314,875 USD

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PLAYA REALTORS

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

Type: Condominium
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Garage: Single
Size: 1,355 sq. ft. "125.95 M2"
Development Level: Under Construction
MLS #: PAP4308998
Basement: Yes

Description

THIS WONDERFUL DEVELOPMENT LOCATED WITHIN ALDEA ZAMÁ - TULUM. THE MOST PRIVILEGED AREA OF TULUM.

THIS IS THE CLOSEST TO THE CARIBBEAN SEA, JUST 3 MINUTES FROM THE SEA. THE CONDOMINIUM IS SURROUNDED BY A LOT OF NATURE, IT HAS WIDE STREETS, RIDES WITH DIFFERENT VEGETATION AND COMPLETE SERVICES. A PLACE FULL OF A LOT OF PEACE AND ENERGY.

AMENITIES AND FEATURES:

BLOCK ROOMS
LARGE TERRACES WITH JACUZZI
LUXURY FINISHES
CLIMATE INVERTER
ANTI-HURRICANE GATES EUROPEAN LINE
LAUNDRY ROOMS IN ALL APARTMENTS
LED LIGHTING
QUARTZ ROOFS
BLACK SLATE FLOORS
COMPLETE KITCHENS WITH RANGE AND BURNERS
SPACIOUS CLOSETS AND BATHROOM FURNITURE
PRIVATE PARKING
FLOOR TO CEILING DOORS
LOBBY WITH RECEPTION AND SECURITY 24 HOURS
LIFT
LARGE COMMON AREA, ROOF GARDEN
POOL AND SOLARIUM
LOUNGE AREA WITH TV
GRILL WITH PERGOLA
EQUIPPED GYM
WINERIES
POWER PLANT
CLOSED CIRCUIT TV 24 HOURS
24-HOUR SURVEILLANCE

Attachments

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Features

Interior Features

Laminate Floors
Laundry Room
Stone

Exterior Finish

Aluminum
Cement
Concrete
Glass
Stone

Roof

Concrete

Lot Features

Deck
Garage
Swimming Pool

Extra Features

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

P2#505535135

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Information is deemed to be correct but not guaranteed.

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