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 | Casa Paloma | Casa for sale in Tulum

Casa Paloma

Aldea Zama (Tulum, Quintana Roo, Mexico, 77760)…

4Beds 6Baths $1,200,000USD

$1,200,000 USD
$20,340,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

En Venta

Property Description

Tipo de Propiedad: Casa
Estatus: En Venta
Localidad: Tulum
Tamaño de la Propiedad: 457.5 M2
Tamaño del Lote: 375 M2
Propiedad ID: 595611635
Hab.: 4
Baños: 6
Información adicional sobre baños: 4 full 2 half baths

Superb Tulum home with private pool and rooftop

Casa Paloma is a new luxury home with an unbeatable location in the LaPrivada neighborhood in the Aldea Zama residential area of Tulum. This quiet area is surrounded by jungle and 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 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.

This updated 3-story home is expansive and luxurious with 4 bedrooms, 4 full baths, and 2 half baths. It features a beautiful modern kitchen with natural wood cabinets and premium appliances and a sun-filled living room and dining area with floor-to-ceiling windows and natural wood ceiling beams. Plenty of kitchen storage space and closets in the bedrooms make this space comfortable for everyday living and a breeze for your vacation guests. This home is meticulously maintained with tile floors and high-end finishes. It comes fully furnished and equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning, a washer and dryer, and solar panels for green energy.

This awe-inspiring home surrounds a private courtyard with a pool area and garden. It has multiple balconies and terraces with plenty of space for lounging and a spectacular rooftop with a plunge pool and panoramic jungle views. The LaPrivada community is fully fenced-in and gated with 24-hour security. It offers amenities such as a large community pool, a padel court, and grilling stations.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this home 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.