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 | Xunkary House Phase 3 | House for sale in Tulum

Xunkary House Phase 3

Región Cenote (Tulum, Quintana Roo, MX - 77760)…

3Beds 3Baths $390,000USD

$390,000 USD
$6,731,400 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Tulum
Property Size: 276 sq. mt.
Lot Size: 2 hectares
Property ID: 453705022
Beds: 3
Baths: 3

New bungalows and villas with luxury amenities

XunKari is an exciting new residential development with 42 eco-friendly and luxurious homes in the cenote region of Tulum. The complex is surrounded by jungle and located just 10 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 bungalows and 2-, 3- and 4-bedroom luxury villas offer different layouts and options to suit your needs. They have spacious open floor plans and floor-to-ceiling windows that let in tons of Caribbean sunshine. They are designed to integrate with the tropical jungle surroundings and feature natural materials and durable polished concrete, marble and natural stone finishes. The homes are sustainably designed and finished with locally-sourced Chukum and Tablaroca. Solar panels provide clean energy for the homes. The developer has taken great care in preserving 70 percent of the existing jungle and ensuring the maximum amount of greenery is left untouched.

Each residence will have its own garden with a private pool and a sundeck rooftop with panoramic jungle views. The complex is safe and quiet with gated entry and 24-hour security. Amenities include a spa, a yoga center, a gym, a community pool, a bar, a co-working space, and more. XunKari also offers concierge services, an on-site maintenance team, and professional property management services.

Perfect for use as a vacation home or as a year-round residence, these beautiful homes will bring many years of personal enjoyment while providing an excellent income if used as a vacation rental. Contact one of our friendly and knowledgeable agents today for presale pricing and options. Delivery date is March 2024.