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 | Flora Fauna Phase 4&5 | House for sale in Tulum

Flora Fauna Phase 4&5

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

2Beds 2.5Baths $550,000USD

$550,000 USD
$9,333,500 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Tulum
Property Size: 225.69 sq. mt.
Property ID: 286891537
Beds: 2
Baths: 2.5

Flora Fauna Phase 2 - Homes on Private Lots For Sale in Tulum

Flora Fauna is a residential community of 14 single family, detached homes on deeded lots, sharing a park, cafe and recreational areas. Set in a pristine pocket of jungle in an up and coming area of Tulum, the homes have been thoughtfully designed for efficiency and ultimate comfort within an exclusive space where contemporary architecture is enveloped by preserved trees. One of the unique features of Flora Fauna is that the customary ongoing costs such as HOA and maintenance fees will be covered by the profits from the café.

2 or 3 bedroom homes will be offered, each designed for beauty, comfort and efficiency, blending interior and exterior living spaces perfectly. Collaboration with local artisans and imported technologies achieves the highest standard of practical luxury, in-line with Mexican Caribbean lifestyle. The main living area will be surrounded by windows, which open out to a large covered terrace and garden with private swimming pool. The homes will be equipped with AC inverter units, USB wall chargers, a water pressurization system, dual electricity meter for sustainable energy use and access to the grid and an underground cistern for additional water storage. Each residence will have two covered parking spaces, a bodega for bikes and other recreational equipment and a laundry room with pantry.

Homeowners can also choose attractive add-ons include solar panels, a water filtration/softener system, security system, electric garage door, furniture packages, a pergola or palapa for the rooftop solarium as well as a rooftop BBQ/cooking space and an outdoor shower. Owners also have the option of adding a guesthouse to the property with an independent entrance. The guesthouse is fitted with a queen-sized bed, an efficiency kitchen with mini-fridge and 2-burner stop, private bathroom, custom made cabinetry and an energy efficient AC converter unit. This additional casita will significantly increase ROI and your options for vacation rental income.

A great deal of thought has been put into the design of this project, to make it not just another new residential development, but a community, with a park area, ampitheatre and café where owners and guests can gather and enjoy time together. Living in a community with a master plan ensures neighbors will uphold similar values, as like-minded homeowners seeking comfort and tranquility in harmony with nature. Homeowners can feel proud of being part of a community where, in a moment of heightened regional growth, meaningful development serves to improve the community by providing needed public green space, universal wi-fi connectivity and environmentally focused infrastructure. Living in Flora Fauna means becoming a responsible and significant member of this community.

Phase 1 of Flora fauna has already SOLD OUT. Contact your Tulum real estate agent today for more information about this interesting living concept.