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 | Oniric 3 Bedroom PH | Condo for sale in Tulum

Oniric 3 Bedroom PH

Región 8 (Tulum, Quintana Roo, MX - 77760)…

3Beds 3Baths $518,609USD

$518,609 USD
$10,548,507 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Tulum
Property Size: 213.41 sq. mt.
Lot Size: 2,140 sq. mt.
Property ID: 547857380
Beds: 3
Baths: 3

New condos for sale close to the beach

Oniric is an exciting new low-density condominium project with 27 units in the fast-growing Region 8 neighborhood in Tulum. The complex is surrounded by jungle and located 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 sandy 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-, 2- and 3-bedroom condos and penthouses offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. They are designed according to the principles of Feng Shui with large windows and sliding doors that allow for cross ventilation and lots of natural light. All of the units are extremely private with green buffers between towers and no crossed views. They have a private pool, and depending on the level, a private rooftop or garden. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

Oniric is an architecturally unique development built around a central circular patio with a cenote-inspired pool and reflecting pools. It offers amenities such as a speakeasy with a dining area, a wine cellar and kitchen, a massage area, a yoga area, a temazcal, and an ice bath. The complex is safe and secure with controlled access and 24-hour security. It has a coworking space, a hotel-like lobby, an elevator, and parking. This area also offers reliable, high-speed Internet access.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for presale pricing and options.