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

Condo for sale Tulum 2 rec + lockoff Tulum ( Quintana Roo, MX - 77765) Built

$300,000 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
Bathrooms: 2
Size: 1,346 sq. ft. "125,34"
Development Level: Built
MLS #: PPH4193273

Description

Where life begins

Sunshine feels better when you are closer to it. Elevate your vibration and fill your life with light and vitality at this development, the place where magic comes to life. Connect with nature while enjoying the comforts and benefits of a luxury condo immersed in the wonderful and ancient city of Tulum.

FEATURES

24 hrs insite security guards
Closed circuit
Surveillance system
Electric fencing system
High capital gain area
Underground electric installation
Urbanization with sidewalks
Underground parking
Elevator
Common laundry

LOCATION

To downtown - 10 min
To the beach - 15 min
To archeological site - 20 min
To Cenote Corazón - 15 min

15th poniente AVE between 20th y 22nd ST South, Región 15. Tulum, Quintana Roo

HIGHLIGHTS

- Beautiful architectural design
- Parking places assigned and deeded to PH’s and GARDEN units
- Bike and motorcycle parking
- Pet Friendly for owners
- Fully furnished and equipped
- Turnkey package available

Playa Realtors

Attachments

View Listing Brochure

Features

Interior Features

Laundry Room

Roof

Built Up

Lot Features

Gated Community
Trees / Shrubs

Extra Features

Controlled Access
Covered Parking
Reserved Parking
Satellite Dish
Security Guard on Duty

P2#493320957

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Information is deemed to be correct but not guaranteed.

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