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

Chaakab Loft Tulum ( Quintana Roo, MX ) Built

$210,000 USD

Details

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BuyPlaya Real Estate Advisors

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

Type: Condominium
Style: Single Story
Bedrooms: 1
Bathrooms: 1
Garage: Single
Size: 72 sq. m. "71.63 – 85.89 sq. mt."
Development Level: Built
Lot Size: 180 sq. m.

Description

New eco-friendly condos and lofts for sale in Tulum

Chaakab is a new boutique condominium project with just 6 units in the trendy La Veleta neighborhood in the heart of Tulum. The complex is surrounded by tropical jungle and situated just minutes from the bohemian chic town center of Tulum and the new beach road that leads straight to the hotel zone and the gorgeous white-sand beaches. Nature lovers will adore the proximity to the ruins of Tulum, Coba and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

These new 1- and 2-bedroom condos and lofts are designed to offer the perfect balance of comfort and luxury. They feature spacious open layouts and energy efficient design. All of the modern residences have a kitchen with an island and a private garden or terrace. They have tile floors and high-end finishes ranging from precious hardwoods to ceramic and quartz stone. These condos come equipped with smart home systems that can control lighting, security devices and more. They are being offered for sale unfurnished but equipped with ceiling fans, air conditioning and some appliances.

This beautiful new development has a communal salt water pool that you and your guests will love. The complex is safe and secure with gated entry and security cameras. It features green technologies such as solar power, LED lighting, natural thermal regulation and rainwater collection.

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

Attachments

View Listing Brochure

P2#492732848

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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.