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

Divine 3 bed condo | Tulum | 2 lock off Tulum ( Quintana Roo, MX - 77765) Built

$345,400 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: 3
Bathrooms: 3
Size: 1,271 sq. ft. "118,07 m2"
Development Level: Built
MLS #: PPH4199868

Description

HOTEL BOUTIQUE /9 CONDOS

Live your own space in an international avant-garde real estate project with exceptional infrastructure, a bold step that defines modern living in the Riviera Maya, fusing the antiquity and mysticism of Tulum with the contemporary lifestyle.

Located in Tulum, in the state of Quintana Roo, Mexico, in the center of the Riviera Maya, 2 hours south of Cancun and 1 hour south of Playa del Carmen.
This majestic ecotourism and residential project is located in a central area where it is possible to enjoy bicycle tours, considering is near of the best places like the archaeological zone, to the beach, to the town of Tulum & the cenotes.

Discover all the wonders of this magical town.

AMENITIES

Pool
A/C
Gym
Yoga
Restaurant
Elevator
Loundry • Full Service
Consierge 24h
Security 24h

MASTERPLAN
Ground f loor

1. Parking
2. Access
3. Lobby
4. Gym
5. Restaurant
6. Terrace
7. Pool
8. Stairs
9. Condo 101
10. Condo 102

MASTERPLAN
First level

11. Condo 201
12. Condo 203
13. Condo 204

MASTERPLAN
Second f loor

14. Condo-Penthouse 301
15. Condo-Penthouse 302
16. Condo-Penthouse 303
17. Condo-Penthouse 304

MASTERPLAN
Roof top

14. Condo-Penthouse 301
15. Condo-Penthouse 302
16. Condo-Penthouse 303
17. Condo-Penthouse 304
18. Yoga

CONDO 101

• 3 Bedrooms
• 3 Bathrooms
• 2 Lockoff
Indoor area: 108.64 m2
Outdoor area: 9.43 m2
TOTAL AREA: 118.07 m2 /ft2 AREA: 1270 ft2

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PLAYA REALTORS

Attachments

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Features

Roof

Built Up

View

Pasture
Woods

Cooling

Zoned

Lot Features

Garden Area
Swimming Pool
Trees / Shrubs

Extra Features

Controlled Access
Fitness Center
Reserved Parking
Satellite Dish
TV Security

P2#493664309

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Information is deemed to be correct but not guaranteed.

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