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

Casa Ox Tulum ( Quintana Roo, MX ) Under Construction

$890,000 USD

Details

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BuyPlaya Real Estate Advisors

Dani Knod (984) 803-2487 (Office) (518) 250-1269 (Office) Request More Info

Type: Residential
Style: Single Story
Bedrooms: 4
Bathrooms: 4
Half Bathrooms: 1
Garage: Double
Size: 265 sq. m.
Development Level: Under Construction
Year Built: 2023
MLS #: 538085168

Description

New luxury home for sale near the Tulum ruins

Casa Ox is a new and luxurious three-story home located inside the El Mirador gated community in the fast-growing Region 11 neighborhood of Tulum. The complex is surrounded by jungle and located close to the archaeological site. This quiet area is just minutes from the bohemian chic town center of Tulum and the hotel zone with its gorgeous white sandy beaches. Nature lovers will adore the proximity to the national park and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This gorgeous 4-bedroom, 4.5-bath home is expansive and luxurious with more than 2,850 sq. ft. (265 m2) of living space. The main floor of this home has a fully equipped kitchen with a breakfast bar and premium appliances, a comfortable living room, a separate dining area, and a laundry room with a washer and dryer. It has a large master suite on each floor as well as an additional guest bedroom on the second floor. This home has travertine marble floors, granite countertops, and top-quality finishes that are durable and easy to maintain. It is being offered for sale unfurnished but equipped with ceiling fans, air conditioning, Starlink satellite Internet, and solar panels for green energy.

This home features a beautiful garden terrace with a private pool, a sunbathing area, and an outdoor grill, perfect for your al fresco cookouts. It has a rooftop terrace with a yoga area, a jacuzzi-style tub, and panoramic jungle views. You and your guests can also enjoy all the benefits of life in El Mirador, including access to the panoramic observation tower, a cenote pool, bike paths, a palapa, paddle courts, and green areas. The complex is safe and secure with controlled access and 24-hour security.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, Casa Ox will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Delivery is scheduled for 2023. Contact one of our friendly agents today for more information.

Attachments

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P2#538085168

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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.