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

OPPORTUNITY!! Studio at TULUM + COWORKING + YOGA + TRX + LOUNGE + PET FRIENDLY + JOGGING PATH Tulum ( Quintana Roo, MX - 77760) Under Construction

$156,357 USD

Great Investment Opportunity

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Details

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PLAYA REALTORS

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

Art Diamond
Type: Residential
Style: Single Story
Bedrooms: 1
Bathrooms: 1
Size: 275 sq. ft.
Development Level: Under Construction
Year Built: 2022 "September"
MLS #: PAP4124284

Description

THE DOOR TO YOUR NEW ADVENTURE

Discover a new lifestyle, you decide where your next adventure will be. Immersed in the tropical jungle; is located inside of the best connected area of Tulum. Just minutes away from the coast and various natural, archaeological and tourist attractions.

Unplug in the rainforest or dive into the sea, which lies at just a few minutes from your new home.

Enjoy a new healthy life and ecologically conscious.

All this without sacrificing luxuries and comforts that you are used to.

120 Studios

PROTOTYPE PH2
Level 3

Total Interior Livable Area: 83.18 m2 | Covered Area: 55.32 m2 | Uncovered Area: 27.86 m2

• Open bedroom with queen size bed
• Bathroom with two sinks
• Wardrobe
• Living Room
• Fully equipped kitchen
• Breakfast bar for 3 persons
• Workstation
• Pet Station (optional)
• Outdoor terrace
• Roof garden with pool and terrace

AMENITIES

Pool

Gourmet and Services Zone

Coworking / Coffee

TRX Training

Yoga Center

Lounge spots - 9

Pet zones - 2

Jogging Path

Pet Walk

Parking

3,710 m2 green area

Where new things begin.

Playa Realtors,

Attachments

View Listing Brochure

Highlights

THE DOOR TO YOUR NEW ADVENTURE ...
Where new things begin

Features

Interior Features

Ceiling Fan

Exterior Finish

Cement
Glass
Marble/Granite
Stone
Vinyl
Wood-Stucco

Roof

Built Up
Other

View

Forest
Panoramic

Appliances

Hood Fan

Cooling

Ceiling Fan
Other
Zoned

Heating

Other

Lot Features

Fenced
Landscaped
Swimming Pool
Trees / Shrubs

Extra Features

Controlled Access
Fitness Center
Unfurnished

P2#484580226

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Information is deemed to be correct but not guaranteed.

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