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

BEAUTIFUL APT 2 BR | TULUM | THE MOST COMPLETE DEVELPMENT IN TOWN | ARCHAEOLOGICAL SITE Tulum ( Quintana Roo, MX - TULUM) Under Construction

$269,000 USD

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Details

BEAUTIFUL APT 2 BR | TULUM | THE MOST COMPLETE DEVELPMENT IN TOWN | ARCHAEOLOGICAL SITE

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PLAYA REALTORS

Karina Sayed 984-186-5453 (Office) 855-894-2500 (Cell) Request More Info

Type: Residential
Style: Apartment
Bedrooms: 2
Bathrooms: 2
Size: 1,087 sq. ft. "101m2"
Development Level: Under Construction
MLS #: PAP4348464

Description

Tulum is as close to paradise as you can get: crystal clear turquoise Caribbean waters, white sandy beaches, lush vegetation, tropical birds, subway cenotes and of course the famous Mayan ruins.

Framed by this incredible beauty, visitors to this corner of the Riviera Maya will also find a range of options to explore from gourmet restaurants, boutique hotels and yoga retreats.

Welcome to a world-class residential development that harmoniously combines luxury condominiums with a commercial promenade that offers residents and visitors alike a range of services and amenities.

A green and sustainable development that respects the environment.
-SOLAR PANELS
- WATER TREATMENT PLANT
- COMPOST PIT FOR ORGANIC WASTE
- RAINWATER COLLECTORS
- ECOLOGICAL AND SUSTAINABLE CONSTRUCTION MATERIALS

It has spectacular outdoor areas such as the swimming pools that dress the restaurant, as well as spaces to relax, meditate or just have fun.

A FULL RANGE OF AMENITIES AND SERVICES:
SPA
COWORKING COFFEE
ICE CREAM SHOP
MARKET
RESTAURANTS
TERRACE
BOUTIQUES
LOUNGE
RESTAURANT

Activities for every taste and age, including:
Various swimming pools for adults and children
Swimming channel
Indoor and outdoor gym with spa
Restaurant and bar
Cafeteria
BBQ grills and cabanas
Fire pit
Walking trails
Paddle tennis
Minigolf
Kids' corner
Pet area
Laundry
Valet parking
24-hour surveillance with CCTV

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Tile

Exterior Finish

Concrete
Glass
Wood

Roof

Concrete

View

City Lights

Cooling

Ceiling Fan
Other

Sewer/Water Systems

Public

Lot Features

Fenced
Garage
Garden Area
Swimming Pool
Tennis Court

Extra Features

Balcony
Controlled Access
Fitness Center
Lobby
Pets Allowed
Security Guard on Duty

P2#513768394

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Information is deemed to be correct but not guaranteed.

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