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 | Distrito la Selva | House for sale in Tulum

Distrito la Selva

Región 10 (Tulum, Quintana Roo, MX - 77760)…

2Beds 3Baths $499,937USD

$499,937 USD
$8,483,931 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Tulum
Property Size: 433 sq. mt.
Property ID: 541149794
Beds: 2
Baths: 3

New homes for sale in the heart of Tulum

Distrito La Selva is a new residential development with 13 customizable two-story homes in the fast-growing Region 10 neighborhood in the downtown area of Tulum. The complex is 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 luxury homes offer different layouts and options to suit your needs, including roof gardens or lock-off bungalows for additional occupancy and earning potential. The main floor has a full kitchen with an island and breakfast bar, a dining room, a large living room with double height ceilings, and a private courtyard area with a pool and sundeck. It also has a service corridor, a laundry room, a storage area, and a full bath. The second floor has a spacious master suite with a terrace and a luxurious en suite bath, as well as the option of 2 bedrooms or 1 bedroom and a TV room. These homes feature high-quality materials and finishes that can be customized to your preferences. They are being offered for sale unfurnished but equipped with ceiling fans, air conditioning, and closets in the bedrooms.

You can also choose from additional options including a 1,205 sq. ft. roof garden or a 323 sq. ft. bungalow with or without a finished roof top. The roof garden will have a pergola, a service bar with a grill, and a plunge pool with hydromassage. The bungalows will be located behind the main house in the courtyard area and will have a master suite with lock-off, a full bath, a closet, and a kitchenette.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, these homes will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.