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 | Villa Yaxiik | House for sale in Tulum

Villa Yaxiik

Aldea Zamá (Tulum, Quintana Roo, MX - 77765)…

3Beds 3.5Baths $365,000USD

$365,000 USD
$7,424,100 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: House
Status: For Sale
Property Status Re-sale
Location: Tulum
Property Size: 158 sq. mt.
Lot Size: 99.03 sq. mt.
Property ID: 499866471
Beds: 3
Baths: 3.5

Gorgeous luxury townhome for sale in Tulum

This modern 3-story townhouse-style condo is located in the exclusive master-planned Aldea Zama residential area of Tulum. The complex is surrounded by tropical 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.

This furnished townhome is perfect for vacation rentals or as your own home in paradise. It has a fully equipped kitchen with an island and a bright living room with sliding doors that open out onto a private patio. This is a lovely spot to enjoy coffee in the morning or dine al fresco. On the second level, there are two guest bedrooms with two full baths and closets. On the upper floor, the master bedroom has a luxurious master bath with a double vanity, a roof terrace with a jacuzzi-style tub and a laundry closet with a washer and dryer. This home has tile floors and top-quality finishes that are durable and easy to maintain. Solar panels provide clean energy for the home and help save on energy costs.

A secure gated complex, Yaxiik features a communal pool with sun loungers, a palapa and an outdoor grill area, perfect for your al fresco cookouts. The landscaped grounds are beautifully maintained with palm trees, tropical vegetation and blooming trees that provide plenty of cool, shady areas. Yaxiik also offers reliable, high-speed fiber optic internet service so you can easily work from home.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this townhouse will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.