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

UNIQUE DESIGN DEVELOPMENT, GORGEOUS STUDIO IN TULUM Tulum ( Quintana Roo, MX - 77765) Under Construction

$175,500 USD

Request More Info

Details

Photos Map

PLAYA REALTORS

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

Type: Condominium
Style: Apartment
Bedrooms: 1
Bathrooms: 1
Size: 810 sq. ft. "75.25m2"
Development Level: Under Construction
MLS #: PAP4444227

Description

Hidden among rocky dunes lies Tulum, the ancestral sanctuary of 'zamá', the sunrise.

Possessing world famous beaches, Tulum is a magical territory of ancestral energy that attracts culture and overflows with nature.

Surrounded by green jungle and white sand, sacred paths.

A unique development that unites harmony and tranquility, providing an environment fused with the precision of ancient Mayan civilization, culminating in the architecture of its portico and clubhouse, designed by the acclaimed Estudio Macias Peredo.

Being part of this exclusive community includes access to amenities such as:
- 24/7 Security
- 6-Lane Controlled Access Porch
- 2-Lane Vendor Access Porch
- Snack Bar
- Fitness Center
- Yoga
- Spa (Jacuzzis, Massage, Steam Lockers)
- Swimming Pool with 2 Semi-Olympic Swimming Lanes
- Two Splash Pads
- Swimming Pool Baths
- Terrace
- Kids Room
- Motor Car Lobby
- Adult Event Room

features a unique amenity in Mexico: a multi-sensory park, designed by the bioarchitectural studio
MIXED ARCHITECTURE STUDIO.

Built with endemic materials and bamboo, the park is a space to connect with nature, with oneself and to live experiences that target all the senses in each of its amenities:
- Iconic access
- Yoga Palapa
- 15 meters high viewpoint
- Terrace
- Dome
- Sculptures

Attachments

View Listing Brochure

Features

Exterior Finish

Concrete
Glass

Cooling

Ceiling Fan
Other

Sewer/Water Systems

Public

Lot Features

Cul-de-sac
Deck
Fenced
Garden Area
Gated Community
Patio
Swimming Pool

Extra Features

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

P2#523151253

top

Information is deemed to be correct but not guaranteed.