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 1 bedroom condo in Tulum, EQUIPPED AND FURNISHED, Suite 209 La Veleta (Tulum, Quintana Roo, MX - 77760) Built

$138,750 USD

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Details

BEAUTIFUL 1 bedroom condo in Tulum, EQUIPPED AND FURNISHED, Suite 209

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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: 1
Bathrooms: 1
Size: 431 sq. ft. "40 m2"
Development Level: Built
MLS #: PPH4163087

Description

Condo with 45 exclusive units the identity of Tulum within a space designed for the tourist, not only for those who invest

Strategically located in Tulum, La Veleta, the area with the highest tourist demand in the downtown Tulum, just 8 minutes from the beach

Equipped, furnished and decorated 100% designed to harmonize with the environment and stand out in Airbnb searches

18 unique and incomparable amenities :
fashion boutique atrium
zoom-rooms
sky-pedicure
infinity sky-pool
BBQ bar
jacuzzi
...and much more

Complete and secure administration : we keep your apartment always rented, clean and in perfect condition

Concierge Service 24/7 so that you and your guests can enjoy the best vacation of their lives, all-in-one

KING BED

BATH

LIVING ROOM

KITCHEN

LAUNDRY

HOME OFFICE

TERRACE

Jungle Chic Loft 112,000 USD
Furnished and decorated 138,750

Playa Realtors

Attachments

View Listing Brochure

Features

Interior Features

Breakfast Nook
Laminate Floors
Laundry Room

Roof

Built Up

View

Pasture
Woods

Cooling

Zoned

Sewer/Water Systems

Other

Lot Features

Swimming Pool
Trees / Shrubs

Extra Features

Controlled Access
Furnished

P2#490202020

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Information is deemed to be correct but not guaranteed.

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