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 | Saasil | Condo for sale in Tulum

Saasil

La Veleta (Tulum, Quintana Roo, MX - 77760)…

2Beds 2.5Baths $285,000USD

$285,000 USD
$5,805,450 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Tulum
Property Size: 148 M2
Property ID: 363148792
Beds: 2
Baths: 2.5

Garden level 2br condo for sale in La Veleta

This beautiful garden level condo is located in the trendy La Veleta neighborhood in downtown Tulum. Surrounded by tropical jungle, ancient Mayan ruins and subterranean rivers and cenotes, 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 sand beaches.

This spacious condo has two bedrooms and two and a half baths. It is beautifully maintained and nicely decorated with rustic wood furnishings and finishes. It has a full kitchen with premium appliances and a separate dining area with a table for six. The living room opens out via floor-to-ceiling sliding glass doors to a screened-in patio. This is a lovely spot to enjoy coffee in the morning or dine al fresco surrounded by nature but protected from annoying pests. The master bedroom has a large built-in closet and a luxurious master bath. There is also a good-sized outdoor patio space with a plunge pool.

The complex is safe and secure with gated entry, parking, and 24-hour security. It offers inviting indoor-outdoor spaces, beach club access, and free use of bicycles for you and your guests. The condo building has a hotel-like lobby with a reading area and a rooftop terrace with jungle views.

This condo is perfect for use as a vacation rental or as your own home in paradise. It is being offered for sale fully furnished and equipped with ceiling fans, air conditioning, and a washer and dryer. Contact one of our friendly agents today for more information or to schedule a showing.