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 | Pura Houses 4 Bedrooms | House for sale in Tulum

Pura Houses 4 Bedrooms

Región 15 (Tulum, Quintana Roo, MX - 77760)…

4Beds 4Baths $606,365USD

$606,365 USD
$12,333,464 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: House
Status: For Sale
Property Status New-construction
Location: Tulum
Property Size: 762 –858 sq. mt.
Property ID: 540273192
Beds: 4
Baths: 4

New bioclimatic homes for sale in a Tulum eco community

Pura is a new eco community with 11 single-story homes in the fast-growing Region 15 neighborhood in Tulum. The complex is surrounded by jungle and 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. Pura is situated about halfway between Playa del Carmen and the Sian Ka’an reserve, and just 90 minutes from the airport.

These new, architecturally unique 2- and 3-bedroom homes are sustainably designed and oriented toward the gardens to allow for privacy and connection with nature. Bioclimatic design elements such as solar orientation, water cycles, elevation, and cross ventilation make them well suited to the region’s warm, humid climate. The pathways and gardens that surround the homes are lined with Mayan stone and courtesy lights, creating a sense of well-being, peace, and tranquility. These homes are being offered for sale unfurnished but equipped with ceiling fans and air conditioning. Furniture packages are available to purchase from the developer and owners will be able to customize the design of their homes and enjoy all the benefits of exclusive in-house property management services.

Set in the jungles of Tulum, Pura is a carefully-planned residential community surrounded by nature and built on the principles of sustainability. This eco-friendly complex has a communal pool, a holistic center, and extensive gardens with more than 100 fruit trees and traditional Mayan beekeeping.

These homes are perfect for people seeking to connect with nature and engage themselves in local culture. Contact one of our friendly and knowledgeable agents today for presale pricing and options.