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

INCREDIBLE 2 BEDROOM APARTMENT WITH LOCK OFF | ALDEA ZAMA, TULUM |AMENITIES+. Aldea Zama (Tulum, Quintana Roo, MX ) Built

$625,100 USD

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Details

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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: 1,399 sq. ft.
Development Level: Built
MLS #: PAP4350486

Description

"Zamá", which in Mayan means sunrise, is the name that the magical town of Tulum received in the first place.
Internationally famous for its extensive beaches with turquoise waters, the exuberant nature of the region, as well as for the Mayan ruins that have become its best-known image, today it houses more than 100 boutique hotels and a wide range of first-class gastronomic offerings.
Tulum is located in the heart of the Riviera Maya, 2 hours from Cancun International Airport and 1 hour from the well-known Playa del Carmen; being also the starting point for other important destinations such as Coba, Valladolid, Chichen Itzá or Mérida itself.

38 EXCLUSIVE DEPARTMENTS
IN THE HEART OF THE JUNGLE
2 BEDROOMS
3 BEDROOMS
PENTHOUSE

AMENIDA DES
Beach club
Pools
Gym
Multipurpose room
Business center
Sky-Bar Terrace
Solarium
Hammocks
Concierge
Fire pit
bikes
Tesla chargers
Yoga Room
Elevators
Reception
24/7 security

LIVING ROOM
Rent Plan
Premium Services

Attachments

View Listing Brochure

Features

Interior Features

Tile

Exterior Finish

Concrete
Glass
Wood

Roof

Concrete

View

City Lights

Cooling

Ceiling Fan
Other

Sewer/Water Systems

Public

Lot Features

Garden Area
Patio
Swimming Pool

Extra Features

Balcony
Central Elevator
Controlled Access
Fitness Center
Lobby
Security Guard on Duty

P2#514220434

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Information is deemed to be correct but not guaranteed.

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