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 | Ophelia Joy | Condo for sale in Tulum

Ophelia Joy

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

1Beds 1Baths $151,515USD

$151,515 USD
$3,090,906 MXP
Estimate only. Updated Daily.

Sarah Fouts

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Tulum
Property Size: 32 square meters
Property ID: 530532796
Beds: 1
Baths: 1

Studio condo for sale in Tulum

This studio condo for sale at Ophelia is located inside the exclusive master-planned Aldea Zama residential area of Tulum. The complex is surrounded by jungle and situated 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.

The Ophelia complex has a beautiful resort-style pool and sundeck with sun beds and loungers. It offers exclusive amenities such as a gym, a bar, a coworking space, an open-air kitchen, and more. The landscaped grounds are beautifully maintained with palm trees, tropical vegetation, and blooming trees that provide plenty of cool, shady areas. This desirable residential complex is safe and secure with controlled access and 24-hour security. It also has a hotel-like lobby, laundry, and parking.

Ideal for singles or couples, this efficiency-style studio is perfect for vacation rentals or as your own personal Caribbean getaway. It offers 344 square feet (32 m2) of living space with a closet and a kitchenette with a sink, an electric cooktop, and space for a mini fridge. It has sliding doors that let in lots of natural light and open out onto a private terrace with jungle views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. This condo is just steps from the pool and common areas. It is being offered for sale unfurnished but equipped with air conditioning.

This condo is perfect for people who want an affordable apartment or a profitable vacation rental in the heart of Tulum. Contact one of our friendly and knowledgeable agents today for more information.