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 | Peregrina 1 Bedroom | Condo for sale in Tulum

Peregrina 1 Bedroom

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

1Beds 1Baths $242,303USD

$242,303 USD
$4,131,266 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 43.82 - 87.68 sq. mt.
Property ID: 504277496
Beds: 1
Baths: 1

New luxury condos with lock-off units in Tulum

Peregrina is a new architecturally unique condominium project within the exclusive Kaybé residential development in the heart 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-sand 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 beautiful new studios and 2-bedroom condos offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. They are designed to integrate with the tropical jungle surroundings and feature high-quality natural materials and finishes. All of the modern residences have an open concept kitchen, living room and dining area and a garden with a terrace. The studios have a living room and bedroom separated for privacy, a walk-in closet and a full bath. The spacious 2-bedroom units have a luxurious master bedroom with a closet and an en suite bath, a lock-off bedroom with a closet and a full bath, and a private pool in the garden. They are being offered for sale unfurnished but equipped with air conditioning and some appliances.

This new development offers exclusive amenities such as a pool with two semi-Olympic swimming lanes, wading pools, a gym, a spa, paddle courts, a snack bar, a coworking space, play areas for kids and event space. The complex is safe and secure with gated entry and 24-hour security. This area is also home to a multi-sensory park with a yoga palapa, an observation tower, a sculpture garden and more.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for presale pricing and options.