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 | Villas Esperanza | Condo for sale in Tulum

Villas Esperanza

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

1Beds 1Baths $160,000USD

$160,000 USD
$3,264,000 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Tulum
Property Size: 75 sq. mt.
Lot Size: 930 sq. mt.
Property ID: 459277945
Beds: 1
Baths: 1

Beautiful vacation condo for sale in Tulum

This spacious first-floor condo for sale at Villas Esperanza is located in the fast-growing Region 15 neighborhood in 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.

Ideal for singles or couples, this 1-bedroom, 1-bath condo features an open living area that gets lots of natural light and a nice breeze throughout the apartment. It has a large bedroom with a king size bed and a luxurious bath with a stone vessel sink and a rain shower. This condo has beautiful concrete and wood furnishings and finishes. The living area opens out onto a covered balcony with pool views, perfect for your morning coffee and breakfast. This unit is being offered for sale fully furnished and equipped with ceiling fans and air conditioning. It is currently being used for long-term rentals.

The complex has a pool and sundeck, a shaded area with hammocks and beautifully landscaped tropical gardens. It also has an entertainment palapa with an outdoor kitchen, a bar with swings and a picnic table. The condo building is safe and secure with gated entry and 24-hour security.

This condo is perfect for vacation rentals, long-term rentals or as your own tropical getaway. Contact one of our friendly and knowledgeable agents today for more information.