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

LARGE MIXED lot in Tulum + JUNGLE GYM, HOLISTIC PARK, BEACH CLUB, CONTROLLED ACCESS Tulum ( Quintana Roo, MX - 77760) Built

$109,531 USD

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Details

LARGE MIXED lot in Tulum + JUNGLE GYM, HOLISTIC PARK, BEACH CLUB, CONTROLLED ACCESS

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PLAYA REALTORS

Karina Sayed 984-186-5453 (Office) 855-894-2500 (Cell) Request More Info

Type: Residential
Style: Single Story
Development Level: Built
Lot Size: n/a "456,38 m2"
MLS #: PPH4174304

Description

T U L U M , R I V I E R A M A Y A

Tulum has become a great investment and the ideal place to live, as it maintains a development that allows you to have the comfort of modern life, enjoying a quiet atmosphere in the middle of the jungle, completely surrounded by natural beauty.

MORE THAN 100,000 M2 OF GREEN AREAS PRESERVATION

HOLISTIC PARK
CONTROLLED ACCESS
ECOLOGICAL ROADS
FIRST-CLASS INFRASTRUCTURE
SERVICES
COURT OF PADDLE
COURT OF TENNIS
JUNGLE GYM
ZEN PARK
PARK
GAMES FOR CHILDREN
PET GARDEN
POOL
CLUB HOUSE
EXCLUSIVE B E A C H C L U B

Create your heritage.
Invest wisely, the only development with a beach club.

Playa Realtors.

Attachments

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Features

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Pasture
Woods

Lot Features

Clubhouse
Garden Area
Landscaped
Swimming Pool
Tennis Court
Trees / Shrubs

Extra Features

Controlled Access
Fitness Center
Lobby

P2#491354908

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Information is deemed to be correct but not guaranteed.

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