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

Adora Residence Junge Studio Tulum ( Quintana Roo, MX ) Under Construction

$236,363 USD

Details

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BuyPlaya Real Estate Advisors

Kelly Maier 518-250-1269 (Office) 984-803-2487 (Office) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 1
Bathrooms: 1
Size: 58 sq. ft.
Development Level: Under Construction

Description

PLEASE NOTE THAT THE PRICE OF THIS PROPERTY IS AN ESTIMATE, IT MAY VARY DEPENDING ON THE EXCHANGE RATE OF THE DAY. FOR A MORE ACCURATE AMPUNT PLEASE CONTACT ONE OF OUR AGENTS.

New luxury condos are now being offered at a premium eco-conscious development in the jungle of Tulum. The layout is deeply integrated with the surrounding environment and provides residents first-class service and comfort. The gorgeous two bed, two bath homes include open living spaces filled with 5-star amenities. Residents will be delighted by the property’s saltwater pool, temazcal, spa, yoga tower and rooftop gardens.

The complex blends natural space with the property’s stunning communal areas such as a subterranean water passage, cavernous wine cellar with tasting room and an intimate outdoor fire pit. Additional details, like the Bali-style bathroom, further rejuvenates your spirit and feelings of harmony. Inside, the space is open and features a kitchen and dining area. Each residence is fully furnished and ready with everything you and your guests will need to enjoy the stress-free lifestyle of the Riviera Maya.

The thoughtful architecture features many environmentally-conscious technologies including solar panels, advanced water purification, energy management systems and sustainable building materials like sargasso blocks. The natural materials and premium finishes skillfully frame tranquil views from the jungle terrace and private pool.

The Caribbean coast is a highly desirable vacation destination due to the archaeological ruins, pristine beaches and modern amenities. Tulum now boasts world-class restaurants in addition to stunning natural beauty. There is something for everyone here and these residences are just a short drive from Cancun International Airport, so they’re easily accessible.

Contact one of our agents for more information about this exciting opportunity today!

Attachments

View Listing Brochure

P2#310215917

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Information about Playa del Carmen real estate displayed on this website is deemed to be correct but not guaranteed. Please contact me to confirm all information at Rob@BuyPlaya.com.