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

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

Tulum Real Estate Listings

With more than 3.5 million of visitors per year, Tulum continues to enjoy world-class tourism due to its geographic location. An investment in Tulum real estate offers buyers an exciting opportunity to become part of this global community, focusing on the integration and enjoyment of culture and nature alike.

The Tulum Real Estate Listings displayed on this page are those that we personally know and recommend. We can confirm the availability of the property and the accuracy of the information listed

If you do see something that is of interest to you or have a question about a particular Real Estate Listing, we would be happy to make contact with the appropriate Real Estate Listing Agent to confirm availability. Contact us HERE.

For the best Riviera Maya real estate checkout Search All Listings here.

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17 photos Tulum $39,183 USD City Tulum Size 356 sq. m. Style Lot / Land Type Lots and Land Request More Info
7 photos Tulum $40,000 USD City Tulum Size 207 sq. m. Style Lot / Land Type Lots and Land Request More Info
7 photos Chemuyil $55,000 USD City Chemuyil Style Lot / Land Type Lots and Land Request More Info
26 photos Tulum $60,000 USD City Tulum Style Lot / Land Type Lots and Land Request More Info
24 photos Los Arboles $60,000 USD City Tulum Style Single Story Type Lots and Land Request More Info
9 photos Tulum $61,331 USD City Tulum Size 314 sq. m. Style Lot / Land Type Lots and Land Request More Info
26 photos Tulum $65,000 USD City Tulum Style Lot / Land Type Lots and Land Request More Info
7 photos Tulum $69,000 USD City Tulum Style Lot / Land Type Lots and Land Request More Info
6 photos Los Arboles $70,000 USD City Tulum Style Single Story Type Lots and Land Request More Info
8 photos Tulum $72,174 USD City Tulum Style Lot / Land Type Lots and Land Request More Info
7 photos Tulum $72,926 USD City Tulum Style Single Story Type Residential Request More Info
8 photos Tulum $72,944 USD City Tulum Style Single Story Type Residential Request More Info
8 photos Tulum $80,000 USD City Tulum Style Lot / Land Type Lots and Land Request More Info
7 photos Tulum $80,000 USD City Tulum Style Lot / Land Type Lots and Land Request More Info
31 photos Region 15 $87,600 USD City Tulum Style Lot / Land Type Lots and Land Request More Info
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More Listings

For a broader range of properties that may be available in Tulum and all along the Riviera Maya, please click on the "More Listings" link above. These listings are imported from numerous external Real Estate Agencies and stored in a centralized database. The data is only as good as the agents who maintain it. For this reason, we can neither confirm the current availability of these listings nor the accuracy of the information given. Unfortunately, much of the information may be out of date.

Satisfied Clients

Rob Kinnon is the owner/broker for BuyPlaya Real Estate Advisors.

He says, "Our customers have rated us an average of 5 out of a possible 5 stars for client satisfaction approval reviews." for more information about Playa Del Carmen http://en.wikipedia.org/wiki/Playa_del_Carmen

Written by: Rob Kinnon

BuyPlaya Reviews

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