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

MODERN and SPACIOUS STUDIO closed to the center of Tulum - ROOF TOP POOL, SKY BAR, GYM Region 15 (Tulum, Quintana Roo, MX - 77780) Built

$95,000 USD

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Details

MODERN and SPACIOUS STUDIO closed to the center of Tulum - ROOF TOP POOL, SKY BAR, GYM

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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: 1
Bathrooms: 1
Size: 105 sq. ft.
Development Level: Built
MLS #: PAP3063076

Description

This condo is a smart investment, Immerse yourself in the jungle and nature of this beautiful area! One mile from downtown restaurants and a five minutes bike ride from beautiful Tulum beach In MYA Residence, you have spacious, comfortable, modern spaces designed to integrate elegantly with nature. The high-quality finishes, designed for the warm climate of the Riviera Maya, are a guarantee of durability and style.

Everything is near during your stay at Aldea Zama. The supermarket is only minutes away; The main street of Tulum is also within walking distance. Also, our beach Club is easily accessible by bicycle or car.

- Private Security 24/7
- Elevator
- Roof Top Pool
- Sky Bar
- Roof Top Sundeck
- Gym
- Concierge service

Attachments

View Listing Brochure

Features

Cooling

Central Air

Sewer/Water Systems

Private

Lot Features

Deck
Swimming Pool

Extra Features

Central Elevator
Fitness Center
Lobby
Security Guard on Duty

P2#409858651

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Information is deemed to be correct but not guaranteed.

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