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

2 BEDROOM APARTMENT. INSIDE A UNIQUE RESIDENCE -SHOPPING CENTER- AMENITIES- TULUM Tulum ( Quintana Roo, MX - 77760) Under Construction

$277,500 USD

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Details

2 BEDROOM APARTMENT. INSIDE A UNIQUE RESIDENCE -SHOPPING CENTER- AMENITIES- TULUM

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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: 2
Size: 1,211 sq. ft. "112.50 m2"
Development Level: Under Construction
MLS #: PAP3326312

Description

The Perfect Balance between nature. Architectural design and art.
The location of each of the Hunan Residence buildings was determined taking into account the existing trees. depending on its species. height and diameter. its unique design seeks the conservation of trees in the region. resulting in a residential complex whose terraces have different dimensions to avoid unnecessary cutting down trees.
120 departments. 3 towers. 4 levels. Furnished.Equipped. Decorated.

AMENITIES:
Grill Area
Restaurant and bar
Swimming pool
Gym
Parking lot
Organic garden
Rest area with hammocks
Muralists walk

SERVICES
Concierge
24/7 security
Vacation Rental Program
Condo hotel service
Free Transportation to Beach Club

Attachments

View Listing Brochure

Features

Lot Features

Deck
Swimming Pool

Extra Features

Balcony
Controlled Access
Fitness Center
Furnished
Lobby
Security Guard on Duty

P2#419015983

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Information is deemed to be correct but not guaranteed.

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