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 | Tulum Bay 3 Bedrooms | Condo for sale in Tankah

Tulum Bay 3 Bedrooms

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

3Beds 2Baths $856,000USD

$856,000 USD
$17,411,040 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Tankah
Property Size: 137.64 - 165.55 sq. mt.
Property ID: 547141736
Beds: 3
Baths: 2
Baths Comment: 2 and 3 Bedrooms Available

New beachfront condos with exclusive amenities

Tulum Bay is a new luxury beachfront development with exclusive amenities and an unbeatable location in an idyllic part of the Riviera Maya coast. Located a few minutes south of Soliman Bay, this gorgeous stretch of Caribbean coastline attracts vacationers from all around the world looking for a serene and secluded place to relax and get away from it all. This quiet area is just a 20-minute drive from downtown Tulum, a 45-minute drive from Playa del Carmen, and 90 minutes from the airport.

These beautiful new 1-, 2-, 3- and 4-bedroom luxury condos have everything you could want in a vacation home or a year-round residence. They feature a spacious open concept layout and get tons of Caribbean sunshine. All of the apartments are penthouses and feature private terraces with spectacular ocean or jungle views. They have a fully equipped kitchen with premium appliances and a sun-filled living room where you can relax in comfort and enjoy the incredible scenery. The bedrooms have closets and luxurious full baths. 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 air conditioning.

This new project boasts two huge sunroofs exclusively for residents. Both have infinity pools and areas for sunbathing, relaxing, and entertaining. The sunroofs feature transparent solar glass that provides shade and reduces energy costs. The complex also has a hotel-like lobby, elevators, and an underground parking garage with electric vehicle charging stations. There is a commercial area on the ground floor with shops, restaurants, a spa, a fitness center, and a business center with a workspace.

Perfect for owners in search of the laid-back Caribbean lifestyle, these condos offer exclusivity and privacy but also easy access to fantastic beaches and top-notch amenities. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for more information.