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

Senzik Tulum Ocean View PH Bahia Principe (Akumal, Quintana Roo, MX ) Under Construction

$611,148 USD

Details

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BuyPlaya Real Estate Advisors

Sarah Fouts 518-250-1269 (Office) 984-803-2487 (Cell) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 3
Bathrooms: 3
Garage: Single
Size: 169 sq. m. "169.11 - 212.66 sq. mt."
Development Level: Under Construction
Year Built: 2023

Description

New luxury lofts with resort-style amenities

Senzik is an exclusive boutique development with 14 luxury lofts and all the perks of living in a Riviera Maya resort community. Nestled in a 717-acre residential golf resort, the complex is surrounded by world-class golfing and just minutes from the natural beauty of the Caribbean coast. Tulum Country Club (formerly Bahia Principe) is situated in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum, and just 50 miles (80 km) south of Cancun International Airport.

These luxurious 2- and 3-bedroom lofts and penthouses offer different layouts and options to suit your needs. You’ll be able to choose from seven different models, including jungle lofts, pool side lofts and penthouses, cenote lofts and penthouses, and sky lofts and penthouses with private rooftops and ocean views. All of the modern residences have a spacious open concept kitchen, living and dining area and get tons of natural light. These condos are beautifully designed with high-quality natural materials and finishes. They are being offered for sale unfurnished but equipped with central air.

A secure gated complex, Senzik offers first class amenities and elevators. It has a gym, a jungle pool and jacuzzi, a coworking space, a cenote lounge bar, a yoga deck and an ocean view rooftop pool. Owners and guests can also enjoy all the benefits of life in Tulum Country Club including access to the world-class 27-hole golf course designed by Robert Trent Jones II and the KAY Beach Club.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for presale pricing and options.

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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.