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

2 bedroom apartment Tulum, Solar panels, 24 hour security, 2 elevators, Gym, Jacuzzi Tulum ( Quintana Roo, MX - 77760) Built

$250,000 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: Single Story
Bedrooms: 2
Bathrooms: 2
Size: 1,475 sq. ft. "137 m2"
Development Level: Built
MLS #: PPH4177041

Description

WELCOME HOME

Is a sustainable project that has taken as an inspiration the magical nature of Tulum and its environment.

Dive in paradise with an oasis of crystalline waters and abundant vegetation, where you’ll be filled with its beauty and peace, and it will allow you to reconnect

with yourself.

Feel the magic of Yaaxlum, enjoy the unique moments and memories it has for you.

AMENITIES

• Solar panels

• Bar

• Pool

• 24h Security

• 2 Elevators

• Gym

• Jacuzzi

• Panoramic Terrace

• Concierge

• Dining

• Projection area

• Green areas and play ground.

• Waste water treatment plant

• Underground parking

ENDINGS

• Ceramic or Porcelain floors in halls, lobbies and stairs

• Staircase in every tower

• Wall finishes

• Barandales de cristal templado

• Cancelería de aluminio línea europea

• Aluminio ecológico mexicano

• Andadores en madera teka

Playa Realtors

Attachments

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Features

Interior Features

Ceiling Fan

Roof

Built Up

View

Panoramic
Pasture
Woods

Cooling

Ceiling Fan
Zoned

Lot Features

Gated Community
Landscaped
Swimming Pool
Trees / Shrubs

Extra Features

Balcony
Central Elevator
Controlled Access
Covered Parking
Fitness Center
Lobby
Reserved Parking
Security Guard on Duty
TV Security

P2#492028178

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Information is deemed to be correct but not guaranteed.

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