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 | Tankah 52 2 Bed Lock Off | Condo for sale in Tankah

Tankah 52 2 Bed Lock Off

Tankah III (Tankah Bay, Quintana Roo, MX . 77737)…

2Beds 2.5Baths $986,790USD

$986,790 USD
$16,874,109 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tankah
Property Size: 170.20 sq. mt.
Lot Size: 950 sq. mt.
Property ID: 393854839
Beds: 2
Baths: 2.5

New beachfront condos for sale on Tankah Bay

Tankah 52 is an exciting new 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 luxurious studios and 1 and 2 bedroom condos and penthouses offer different layouts and options to suit your needs, including lock-off units for additional occupancy and earning potential. They are designed to maximize space and offer comfort, innovation and style. All of the modern residences feature spacious open floor plans, natural materials, and indoor-outdoor living spaces. They have tile floors and top quality finishes that are durable and easy to maintain. Penthouse units offer the best ocean views and have their own private sun decks with glass infinity pools.

Tankah 52 is made up of two architecturally unique towers with 13 units each, for a total of 26 condos. Some of the amenities you’ll enjoy at Tankah 52 include a hotel-like lobby, a sun deck and an infinity pool with a swim-up bar. The condo building is sustainably designed and features eco-friendly technologies, like rooftop solar panels and the reuse of rain and gray water. The complex is safe and secure with gated entry, elevator access, parking and 24-hour CCTV security.

This beautiful new oceanfront condominium development is perfect for people who want a Caribbean getaway for vacations, or even to retire to. 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 being offered for sale unfurnished but equipped with air conditioning and some appliances. Delivery is scheduled for December 2021. Contact one of our friendly and knowledgeable agents today for more information or to find out about presale pricing and options.