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

LUXURY 3 BEDROOM PENTHOUSE 3 BEDROOMS | HIGH VALUE AREA | TULUM Aldea Zama (Tulum, Quintana Roo, MX - 77760) Under Construction

$686,880 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: 3
Bathrooms: 3
Size: 3,168 sq. ft. "294.28m2"
Development Level: Under Construction
MLS #: PAP4640392

Description

Life is immersion.

Explore and find inspiration in this world full of wonder and mysticism.

LOCATION:

Located in one of the places with the highest added value in Quintana Roo, the residential area of Aldea Zamá, a few steps from Cobá Avenue, the only access to the world famous beach of Tulum.

A community created for you.

A portal that connects modern comfort with timeless elegance.

We invite you to discover a unique living experience surrounded by art and nature.

AMENITIES:

Wellness Lagoon
Panza Dining & Bar
Bath House Spa & Temazcal
Sunset Tower Lobby
Wellness Tower
Coworking Lounge
Semi-Olympic Pool
Innita Pool
Rocodrome (climbing wall)
Outdoor fitness circuit
Acrobatic practice area
Sculpture garden
Children's pool and playground
Raised beds
Hammock and swing area

HIGHLIGHTS:

Controlled access
24 hrs security
Disabled access
Premium location
Fiber optic internet
Private and visitor parking
Access to beach clubs
Concierge service
Bicycle rental
Wellness area
Cultural events
Art facilities
Private community
High added value

ECOFEATURES:

Eco-efficient appliances
Solar energy
Low density community
Rainwater harvesting
Permeable paths
Green terraces
Recycling and composting
Native landscaping
Passive solar design
Indoor rainforest areas

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Tile

Exterior Finish

Cement
Concrete
Glass

Roof

Concrete

View

Downtown

Cooling

Ceiling Fan
Other

Sewer/Water Systems

Public

Lot Features

Deck
Garage
Garden Area
Gated Community
Horse Facilities
Landscaped
Playground
Swimming Pool

Extra Features

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

P2#540491832

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Information is deemed to be correct but not guaranteed.