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

STUNNING CONDO AMONG THE JUNGLE - 2 BR + LOCK OFF + PRIVATE DECK AND TERRACE Veleta (Tulum, Quintana Roo, MX - 77760) Under Construction

$490,000 USD

Request More Info

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: 2
Bathrooms: 2
Half Bathrooms: 1
Garage: Single
Size: 2,492 sq. ft. "231.50 M2"
Development Level: Under Construction
MLS #: PAP4456526

Description

Experience a unique way of living in Tulum. 83 exclusive condominiums that inspire peace and tranquility in one of the natural wonders of Tulum. Immerse yourself in this lifestyle with amenities and finishes of the highest quality. Located just a few blocks from Kukulkan Avenue and minutes from the beach in one of the fastest growing areas - Region 15.

Master Plan: A tranquil afternoon within the serenity of the jungle. Built on 3,696 square meters, potential residents can choose from studio, one- or two-bedroom condos, with the option of a rooftop terrace or private balcony in all units with jungle views.

Finishes:

Architecture inspired by local culture.
Travertine marble floors
Chukum material
Spanish granite in kitchens
Mayan exposed stone
Tzalam wood from the region

Amenities:

Coworking room
Elevators
Gym
Rooftop with bar and innity pool
Swimming pool on the first floor with barbecue area
Sauna
Lobby for residents
Private security
Outdoor theater
Access to bicycles & ATVs
Commercial premises
Parking lot.

Attachments

View Listing Brochure

Features

Interior Features

Laundry Room
Sauna

Exterior Finish

Cement
Glass
Marble/Granite
Stone
Wood

View

Panoramic

Appliances

Outdoor Grill

Lot Features

Deck
Garage
Shed
Swimming Pool

Extra Features

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

P2#524458766

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Information is deemed to be correct but not guaranteed.