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

LOVELY PH TULUM 2 HAB + the most EXCLUSIVE AMENITIES Tulum ( Quintana Roo, MX - 77780) Under Construction

$196,000 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: 2 Story
Bedrooms: 2
Bathrooms: 2
Size: 266 sq. ft.
Development Level: Under Construction
Year Built: 2022
MLS #: PPH4133255

Description

Warm colors, fresh vegetation, unbeatable aromas ... discover the charm of living in Tulum

Incredible project with 80 apartments divided into 6 towers, with studio, two, three and four bedroom typologies fully furnished and equipped with views of the central amenities.

Finished with traditional architectural materials of the Mayan culture such as Tzalamy el Chukum.

Amenities

Lobby-Reception

24/7 security

Concierge

Parking lot

Room service

Bicycle parking

Lounge chairs

Restaurant

Pub

Outdoor cinema

Pizza oven

Torre Yoga & Spa Mirador

2 fire pits

Temple of Appreciation

Sea of ??Hammocks

Speakeasy and Underground

2 hot tubs

Swimming pool

It is located in region 15 of Tulum, with just a few minutes from the wonderful beaches, for which tourists from all over the world yearn to visit.

Delivery date for stage 1 August 2022, stage 2 December 2022, stage 3 March 2023.

Tulum, one of the most desired jewels of the Mexican Caribbean and as one of the best cities in the world to live.

We help you find the home of your dreams.

Playa Realtors,

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Kitchen Island
Laminate Floors

Exterior Finish

Cement
Concrete
Marble/Granite
Wood-Stucco

Roof

Built Up
Concrete
Other

View

Forest
Panoramic
Pasture

Appliances

Freezer
Hood Fan
Microwave
Single Wall Oven
Washer/Dryer Hookup

Cooling

Other

Heating

Other

Sewer/Water Systems

Other
Public

Lot Features

Clubhouse
Garden Area
Gated Community
Landscaped
Patio
Swimming Pool
Trees / Shrubs

Extra Features

Balcony
Controlled Access
Furnished
Lobby
Security Guard on Duty
Wheelchair Access

P2#485850008

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Information is deemed to be correct but not guaranteed.

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