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 | Twolum Villas | House for sale in Tulum

Twolum Villas

Region 8 (Tulum, Quintana Roo, MX, 77760)…

3Beds 2Baths $605,000USD

$605,000 USD
$12,305,700 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: 302 SQ M
Lot Size: 274.64 - 348.83 SQ M
Property ID: 552107700
Beds: 3
Baths: 2

Twolum Villas is a new residential project with 6 luxury villas in the fast-growing Region 8 neighborhood of Tulum. The complex is surrounded by tropical jungle and located just 10 minutes from the bohemian chic town center of Tulum and two blocks from 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.

These beautiful new 2-story villas are perfect for vacation rentals or as your own home in paradise. They feature a spacious open-concept layout with expansive views of the infinity pool and garden. All of the modern residences have a kitchen with an island, a service room, and 3 bedrooms with full baths. The master bedroom has a walk-in closet and a private terrace. They have a private rooftop with a pool and a multipurpose area with an outdoor kitchen, perfect for entertaining on hot days or laid-back evenings. These villas have marble floors, natural finishes, LED lighting, USB outlets, and energy saving systems. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

A secure gated complex, Twolum Villas is the closest villas project to the beach and the last residential development before the non-constructible national park and Tulum beach. Nestled in the Tulum jungle, it offers exclusivity and privacy in an area that is quiet and peaceful.

These villas offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for pricing and options.

Amenities

Features

Pool

Interior features/finishes

Ceiling Fan
Laundry Room

View

Forest
Jungle

Cooling

3+ Mini Splits

Lot Features

Clubhouse
Courtyard
Garden Area
Landscaped
Patio
Swimming Pool
Trees / Shrubs

Sewer & Water

Cistern
Private Septic

Appliances

Gas Range
Hood Fan
Oven Range

Extra Features

Gated Community
Kitchen Island
New Home
Pets Allowed
Private Road
Security
Water Purifier

Parking Spaces

Year Built

2024

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Twolum Villas | House for sale in Tulum

Twolum Villas