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

Unique HOUSE with private pool / Lock off in TULUM - 3Beds Region 15 (Tulum, Quintana Roo, MX ) Under Construction

$320,000 USD

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Details

Unique HOUSE with private pool / Lock off in TULUM - 3Beds

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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
Garage: Single
Size: 1,738 sq. ft. "161.52 m2"
Development Level: Under Construction
MLS #: PHO4308526

Description

12 UNITS WITH LOCK OFF

Tulum ceased to be the place of passage for travelers, now it is not only the idyllic place to vacation for long periods of time or to escape to a weekend adventure... today Tulum is a beautiful place
to live.

Domum Tulum was designed for all investors who seek not only to invest in this paradisiacal destination but also to have a beautiful place full of style and good taste to live or vacation with the family, since each villa has 3 bedrooms, a large garden, its own pool. and are equipped with solar panels.

Your house and your investment... sea and palm trees, you don't need anything else.

EQUIPPED, SOLAR PANELS, ASSIGNED PARKING, FIBER OPTIC INTERNET, DOUBLE HEIGHT ROOM, CCTV.

3 ROOMS
3 BATHROOMS
DINING ROOM
DOUBLE ROOM
HEIGHT
KITCHEN ROOM
TERRACE
SWIMMING POOL
YARD

Attachments

View Listing Brochure

Features

Exterior Finish

Cement
Concrete
Glass

Lot Features

Garage
Garden Area
Patio
Swimming Pool

Extra Features

Security Guard on Duty

P2#505371221

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Information is deemed to be correct but not guaranteed.

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