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

STUNNING PROPERTY CAN BE YOURS | INCREDIBLE PENTHOUSE 1BR | EXCLUSIVE AREA | TULUM Tulum Centro (Tulum, Quintana Roo, MX - 77760) Built

$396,438 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: 1
Bathrooms: 1
Size: 1,836 sq. ft. "170.39 m²"
Development Level: Built
MLS #: PAP5034627

Description

RIVIERA MAYA

It is an exclusive architectural project surrounded by tropical beauty and warm weather, within the magical town of Tulum, in the Riviera Maya; as part of the Mexican Caribbean, Tulum is considered an archaeological jewel with turquoise beaches, cenotes and an immense cultural richness.

Located in Region 15, one of the best areas of Tulum for tourism and housing development, with easy access from the center of this magical town.

One of the most important pillars of the company is our focus on customer service;
with each of them we care about giving 100% personalized attention to meet exactly what the client expects.
to fulfill exactly what the client expects from us.

Another pillar that characterizes us is the quality-price ratio, offering our customers very competitive prices within the market, offering
competitive prices in the market, without neglecting the quality of our services, materials and work.
quality of our services, materials and work.

SURROUNDED BY PARADISIACAL BEACHES, JUNGLE AND MAGICAL PLACES ARE WAITING FOR YOU.

AMENITIES:
- Gymnasium
- Albeca
- Coworking
- Sun deck
- Reception area
- Parking lot

Attachments

View Listing Brochure

P2#567773561

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Information is deemed to be correct but not guaranteed.