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 IMOX 1 Bedroom Tulum ( Quintana Roo, MX ) Under Construction

$153,264 USD

Details

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BuyPlaya Real Estate Advisors

Marieke Brown 984-803-2487 (Office) 518-250-1269 (Office) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 1
Bathrooms: 1
Garage: Single
Size: 65 sq. m.
Development Level: Under Construction
Year Built: 2019

Description

Casa IMOX – Stylish 1-Bedroom Condos for Sale inLa Veleta Tulum

Casa IMOX is an exclusive new boutique residential complex of 1, 2 and 3-bedroom condominiums, located in an up and coming residential area called La Veleta. These gorgeous residences will be just a few minutes from Tulum’s pueblo with dozens of restaurants, grocery stores, produce markets, pharmacies and everything you and your guests will need or want. The property is situated close to the nearly completed Kukulkan beach road, which means convenient access to Tulum’s world-renowned white sand beaches that attract celebrities from around the world. Nature lovers will appreciate the proximity to the ruins of Tulum, Coba and dozens of amazing cenotes that are scattered throughout the Mayan jungle. The wonders of the Sian Ka’an biosphere are just a short drive away!

Each stylish 1-bedroom residence at Casa IMOX has been designed with ample and inviting living spaces with walls of glass that slide open to a private, covered terrace, creating a seamless blend of indoor-outdoor space. The kitchen will be equipped with hardwood cabinetry, polished cement counter tops and breakfast bar, top of the line fixtures and some appliances. The residence will be fitted with ceiling fans and energy efficient mini-split air-conditioning.

The abundance of water features, the blending of indoor and outdoor spaces and the enveloping presence of tropical vegetation are elements present in each area of Casa IMOX. The magic of the dancing reflections and the sound of moving water create an atmosphere of serenity and calm. Amenities at Casa IMOX will include one parking spot for each residence, concierge services, controlled access and security. The complex will feature a spectacular rooftop sky deck with an expansive glass-front, infinity edge pool! The pool and lounge areas will enjoy panoramic views over the Mayan jungle.

Given the location and amenities, Casa IMOX will also be very attractive to vacation renters who flock to Tulum from around the globe. Delivery is scheduled for May 2019. Contact your Tulum real estate specialist today for more information about pre-sale discounts and payment options!

Attachments

View Listing Brochure

P2#290405395

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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.