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 | Yaaxlum 3 Bedroom L.O | Condo for sale in Tulum

Yaaxlum 3 Bedroom L.O

Tulum Centro (Tulum, Quintana Roo, MX - 77760)…

3Beds 3.5Baths $472,727USD

$472,727 USD
$8,173,450 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 219.94 sq. mt.
Property ID: 283814750
Beds: 3
Baths: 3.5

Yaaxlum – Experience a new concept in Tulum living: “Jungle Lux”

After 17 years of experience in Tulum, the owners of the beautiful Rosa del Viento Hotel are pleased to present their first eco-responsible residential/resort development, Yaaxlum. Here, you can immerse yourself in the magical nature of Tulum and the Mayan jungle with an oasis of crystal clear waters and abundant vegetation, where beauty and peace prevail, allowing you to reconnect with your true self.

In total, there will be 64 units of 1, 2 and 3 bedroom condominiums. The complex will consist of four 4-story towers with 16 apartments in each. Each tower will have 2 elevators and it’s own well-equipped gym. Each residence will come equipped with energy effieicnt applainces, solar panels, an independent cistern, storage bodega and dedicated, underground parking space(s).Each luxurious residence will overlook the tropical center gardens with a lake-like, saline swimming pool, sun decks, green areas and playgrounds. Other amenities at Yaaxlum will include 24 hour security, reception and concierge services, a projection room and dining area.

Yaaxlum will be located in La Veleta, Region 15, an up and coming residential area, a few minutes from Tulum’s pueblo with dozens of restaurants, grocery stores, produce markets, pharmacies and everything you and your guests will need whether living here full time or visiting this magical region. The property is situated close to the main access road stretching from downtown Tulum to the hotel zone, which means easy access to Tulum’s world-renowned white sand beaches that attract celebrities from around the world. Nature lovers will adore the proximity to the ruins of Tulum, Coba and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

Yaaxlum, Maya for Green Earth, is a sustainable residential project that has taken as a source of inspiration the magical nature of Tulum and its surroundings. The developes and designers of Yaaxlun have taken great care to to minimize its environmental impact. Only 50% of the one hectare lot will be developed in order to leave as much of the local flora and fauna intact and unaffected. The highest priority has been given to processes and systems that protect the local ecology. The complex will run and maintain its own wastewater treatment plants, garbage seperation center for efficient recycling and solar panels will reduce energy usage in each of the residences as well power the common spaces.

The result? Zero environmental impact, high profitability and global goodwill, which make up a new concept in Tulum: "Jungle Lux" !

Pre-sale prices range from $157,560 to $368,010 USD. Take advantage of attractive payment plans. All for phases are scheduled for completion in the summer of 2020. Contact our agents today for more information and to reserve your new eco-friendly vacation home in paradise!