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 and Tulum Mexico Real Estate | Déjà Vu | Condo for sale in Tulum

Déjà Vu

Aldea Zamá (Tulum, Quintana Roo, MX - 77760)…

2Beds 2.5Baths $442,500USD

$442,500 USD
$7,544,625 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 114 - 133.07 sq. mt.
Lot Size: 1,110 sq. mt.
Property ID: 493559495
Beds: 2
Baths: 2.5

New condos for sale in an exclusive jungle community

Deja-Vu is a new luxury condominium project in the private Luum Zama community within the exclusive master-planned Aldea Zama residential area of Tulum. This eco-friendly residential development is surrounded by jungle and just minutes from the gorgeous white sand beaches, the famous Mayan ruins and the bohemian chic town center of Tulum. This is one of the best locations in the city and attracts a steady stream of vacation renters, ensuring a healthy ROI for many years to come.

These beautiful new 2-bedroom condos offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. They have a spacious open layout and a private balcony or terrace with a plunge pool. All of the modern residences have a full kitchen with an island and premium appliances. These condos feature travertine marble flooring, locally sourced natural materials and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with air conditioning, smart systems and household appliances.

A secure gated complex, Deja-Vu offers privacy to its privileged owners and guests. It was designed with wellness in mind and features a spa with a temazcal, therapeutic salt and ice water pools, a gym, a yoga palapa, a rooftop infinity pool with a sky bar, a restaurant and a coworking space. It also offers a hotel-like lobby, parking and elevator access. The landscaped grounds are beautifully maintained with palm trees, tropical vegetation and blooming trees that provide plenty of cool, shady areas.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for presale pricing and options.