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

Playa del Carmen Properties For Sale We are here for You and All your Real Estate Needs

Beach Front and Ocean View Properties in Playa del Carmen

PENTHOUSE LUUM ZAMÁ-2 BEDROOMS-PRIVATE POOL ROOF TOP Tulum Centro (Tulum, Quintana Roo, MX - 77780) Built

$384,900 USD

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Details

PENTHOUSE LUUM ZAMÁ-2 BEDROOMS-PRIVATE POOL ROOF TOP

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PLAYA REALTORS

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

Type: Residential
Style: Single Story
Bedrooms: 2
Bathrooms: 1
Size: 512 sq. ft.
Development Level: Built
MLS #: PAP2782508

Description

Tulum is one of the most beautiful places in the world offering a better quality of life. It is also of the world’s best destinations with a life style in which nature has a leading role. It will embrace anyone who knows how to appreciate it.

It is a Magical Town with turquoise waters, starry nights and an enchanted environment that welcomes locals and foreigners. It is a land for everyone and an unconditional home for those who decide to reside here.

Lúum Zamá is an exclusive residential community which is a subdivision of Aldea Zamá; the most important development in Tulum. Lúum Zamá promotes an ecological life style. It is spiritual and in touch with nature, seeking to preserve a great

percentage of its vegetation. Lúum Zamá also provides access to unique amenities.

Outdoor Yoga under a Palapa
Outdoor Gym
Temazcal
Amphitheater
Clubhouse
Walking trails
Pool
Spa
WiFi
Kids area
Lookout Tower
Jogging Path

TRIBU is a residential development formed by 21 apartments distributed within four towers. It offers one story properties, townhomes and penthouses. It has an eco-chic style that takes license from the basic elements of design, where the sense of aesthetic goes hand in hand with nature and its care in an environment that invites you to stay.

Lobby
Bikes
Storage
Pool
Hammocks
Laundry room

Attachments

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Features

Cooling

Central Air

Sewer/Water Systems

Private

Lot Features

Deck
Garden Area
Patio
Swimming Pool

Extra Features

Fitness Center
Furnished
Lobby

P2#404910646

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Information is deemed to be correct but not guaranteed.

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