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 | Aflora Tulum PH | Condo for sale in Tulum

Aflora Tulum PH

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

1Beds 1Baths $518,129USD

$518,129 USD
$10,538,744 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Tulum
Property Size: 39.5 sq. mt.
Property ID: 439414786
Beds: 1
Baths: 1

New luxury residences with resort-style amenities

Aflora is a new eco-friendly residential development with incredible amenities in the exclusive master-planned Aldea Zama residential area of Tulum. This new resort-style complex is surrounded by tropical jungle and located just minutes from the sparkling white sand beaches, the famous Mayan ruins, and the bohemian chic town center of Tulum. Nature lovers will adore the proximity to the ruins of Tulum, Coba, and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This beautiful new residential development has all the amenities and luxury of a 5-star resort. Highlights include Tulum's first aquaculture lagoon, a sunset tower with panoramic jungle views, a bath house with a spa and temazcal, a wellness tower with a gym and yoga studio, and a co-working space. It also has a fine dining restaurant and bar, a semi-Olympic pool, an infinity pool, and a climbing wall, as well as numerous ecological features, such as solar power, a rainwater collection system, permeable trails, green terraces, recycling and composting, native landscaping, and jungle preservation.

Aflora offers luxury villas, lofts, and 1-, 2-, and 3-bedroom apartments with different layouts and options to suit your needs. All of the modern residences feature spacious open floor plans, natural materials, and inviting indoor-outdoor living spaces. They have eco-efficient appliances, tile floors, and top-quality finishes. They are being offered for sale unfurnished but equipped with ceiling fans, air conditioning, and a washer and dryer. Aflora also offers rental pool administration and professional property management services. The complex is safe and secure with gated entry and 24-hour security.

These new luxury residences are perfect for vacation rentals or as your own home in paradise. Contact one of our friendly and knowledgeable agents today for more information.