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 | Tankah Bay Jungle side 2 bed | Condo for sale in Tankah

Tankah Bay Jungle side 2 bed

Tankah Bay (Tankah Pueblo, Quintana Roo, MX 77772)…

2Beds 2Baths $598,752USD

$598,752 USD
$12,178,616 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Tankah
Property Size: 129 M2
Property ID: 569539889
Beds: 2
Baths: 2

New beachfront condos for sale on Tankah Bay

This new high-end residential beachfront development offers resort-style amenities and an unbeatable location in an idyllic part of the Riviera Maya coast. The complex is surrounded by the sparkling white sandy beaches and clear turquoise Caribbean waters of Tankah Bay. Located just 15 minutes from the town of Tulum and the new Mayan train station, this gorgeous stretch of Caribbean coastline attracts vacationers from all around the world looking for a serene and secluded place to relax and unwind. Tankah Bay is just a 45-minute drive from Playa del Carmen and 90 minutes from the airport.

These new beachfront residences offer different layouts and options to suit your needs, including studio, 1-, 2-, and 3-bedroom condos and 2-, 3-, and 4-bedroom penthouses. They are designed to offer luxury and modernity amidst the lush natural landscape of Tankah Bay. All of the exquisite residences feature a spacious open floor plan with a private balcony or terrace, and many offer spectacular Caribbean Sea views. The exclusive 2-story penthouses have private roof gardens with plunge pools, sundecks, and outdoor kitchen and lounge areas. This is a lovely spot to bask in the sun or dine al fresco under the stars. These condos have tile floors and top-quality natural finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with air conditioning.

This new resort-style development features an exclusive beach club, recreational facilities, separate adult and family-friendly pool areas, rooftop pools, a spa, a state-of-the-art fitness center, world-class food and beverage options, retail boutiques, and more. The complex is safe and secure with controlled access and 24-hour security. It has a hotel-like lobby with a lounge area, concierge, and parking.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2025. Contact one of our friendly and knowledgeable agents today for presale pricing and options.