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

Playa Del Carmen Real Estate | Amana 3 Bedroom PH | Condo for sale in Tulum

Amana 3 Bedroom PH

Tulum Centro (Tulum, Quintana Roo, MX - 77760)…

$520,000USD

$520,000 USD
$10,732,800 MXP
Estimate only. Updated Daily.

Lucy De la Rosa

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 2,346.53 Sq. Ft
Lot Size: 2 Hectares
Property ID: 444887294
Beds: 3

New luxury condos for sale in downtown Tulum

Amana Tulum is an exciting new residential resort development with an unbeatable location along Avenida Coba in the heart of Tulum and just minutes from the hotel zone and its gorgeous white sand beaches. You and your guests will delight in the proximity to the bohemian-chic town center of Tulum—enjoy shopping, nightlife, and savoring all the culinary delights that this diverse region has to offer, all just a short bike ride away. 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 beautiful new 1-, 2- and 3-bedroom condos offer different layouts and options to suit your needs, including lock-off units for additional occupancy and earning potential. All of the modern residences are designed to maximize space and offer comfort, innovation, and style. They feature spacious open floor plans, natural materials, and inviting indoor-outdoor living spaces. All of the condos have large terraces, and some have private gardens and rooftops with plunge pools. These condos are being offered for sale furnished or unfurnished and equipped with ceiling fans, air conditioning, and some appliances.

Amana Tulum offers a full array of services and amenities to its privileged owners and guests, including several pools, a gym, a spa, a fire pit, green areas, and a retail space with a café, a restaurant and lounge, an organic market, a co-working space, and boutiques. Other amenities include sports such as paddle tennis and mini golf, as well as walking paths and other poolside amenities.

This new eco-friendly development operates as a full-service condo hotel with housekeeping, room service, concierge, and professional rental management services. Solar panels provide clean energy for the building. The complex is safe and secure with gated entry, elevator access, and 24-hour security.

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