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

TROPICAL LIVING! 2 BEDROOM HOUSE. IN GATED COMMUNITY IN TULUM Region 15 (Tulum, Quintana Roo, MX - 77760) Under Construction

$373,747 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: Single Story
Bedrooms: 3
Bathrooms: 3
Half Bathrooms: 1
Size: 2,359 sq. ft. "219.19m2"
Development Level: Under Construction
MLS #: PAP4410153

Description

A project that offers its community spaces designed to coexist with a natural environment, taking care of its endemic vegetation, using natural materials of the region, providing comfort in an environment of deep respect for nature.

Living in harmony, disconnecting from a fast-paced life to connect with the tranquility of nature.

A COMMUNITY FOR AN EVOLVING LIFESTYLE.

Beyond escape, be...

Located in the middle of the Mayan jungle, a community for those who enjoy having a versatile lifestyle in a natural environment.

Each space is designed to meet the needs of those who inhabit it, providing security, exclusivity and greater privacy.

AMENITIES
All common areas are connected by winding paths that coexist with nature and provide a healthy community environment.

Yoga area
Palapa club
Gym
Zen garden
Hammocks
Pet garden
Tree-lined promenades
Kids area
Kids area
24/7 security
Swimming pool
Reception
Parking
Jacuzzi

Enter your home through a private garden linked to the social areas.

Attachments

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Features

Interior Features

Ceiling Fan
Kitchen Island
Tile

Exterior Finish

Cement
Concrete

Roof

Concrete

View

Woods

Cooling

Ceiling Fan

Sewer/Water Systems

Public

Lot Features

Fenced
Garden Area
Gated Community
Patio
Swimming Pool
Trees / Shrubs

Extra Features

Balcony
Controlled Access
Fitness Center
Pets Allowed
Reserved Parking
Security Guard on Duty

P2#519554127

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Information is deemed to be correct but not guaranteed.