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 | Maiim 3 Bedrooms | Condo for sale in Tankah

Maiim 3 Bedrooms

Bahía Tankah (Tulum, Quintana Roo, MX - 77409)…

3Beds 3Baths $976,000USD

$976,000 USD
$16,582,240 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tankah
Property Size: 228 - 373 sq. mt.
Property ID: 505675853
Beds: 3
Baths: 3
Baths Comment: 3, 3.5 and 4 Bathrooms Available

New beachfront condos for sale on Tankah Bay

Maiim is a new oceanfront condominium development located northeast of Tulum, near the Mayan ruins. This residential complex is surrounded by the sparkling white sand beaches and clear turquoise Caribbean waters of Tankah Bay. 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 new development is just a 45-minute drive from Playa del Carmen and 90 minutes from the airport.

Situated right on the beach, these new architecturally unique 2- and 3-bedroom ocean view condos offer different layouts and options to suit your needs. They have a full kitchen with granite or hardwood countertops and premium appliances. The living and dining area features double height ceilings and opens out onto a private balcony with ocean views. The master bedroom has a luxurious master bath with a freeform concrete soaking tub. These condos feature natural materials and finishes, including decorative details in polished concrete, Santo Tomas marble and Tzalam wood. They are being offered for sale unfurnished but equipped with ceiling fans, air conditioning and an LED lighting system.

A secure gated complex, Maiim offers resort-style amenities such as a beautiful oceanfront pool with sun loungers, a gym, a restaurant, a coworking space, a yoga area, a kids club, a pier and hotel services like concierge, valet parking and room service. Its highly sought out location just a few miles from the city of Tulum will ensure an excellent return on your investment if used as a vacation rental.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for presale pricing and options.