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 | Artila Tulum PH 4 bed | Condo for sale in Tulum

Artila Tulum PH 4 bed

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

4Beds 3.5Baths $820,000USD

$820,000 USD
$14,153,200 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 261 M2
Property ID: 566886929
Beds: 4
Baths: 3.5

New condos for sale in an eco-friendly jungle community

Artila is an exciting new luxury condominium project located in the private Luum Zama community within the exclusive master-planned Aldea Zama residential area of Tulum. The complex is surrounded by jungle and situated just minutes from the gorgeous white sandy beaches, the famous Mayan ruins, and the bohemian chic town center of Tulum. This is one of the best locations in the city and attracts a steady stream of vacation renters, ensuring a healthy ROI for many years to come.

These new 2- and 3-bedroom condos and penthouses offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. They are designed to blend with the natural jungle surroundings and offer comfort, quality, and style. The careful selection of materials and the use of textures, colors, and finishing touches will make you feel right at home. All of the modern residences have a spacious open plan kitchen, living room, and dining area, as well as a laundry room and a terrace with a private pool. The bedrooms have built-in closets, private terraces, and en suite bathrooms. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with air conditioning.

A secure gated complex, Artila offers 24-hour CCTV security and access to the clubhouse and common areas such as an outdoor gym, a natural spa, a temazcal, a yoga palapa, a children’s playground, and natural trails. The developer has taken great care in preserving 60 percent of the existing jungle and ensuring the maximum amount of greenery is left untouched. Owners will also enjoy the exclusive benefit of having access to Ahau Tulum hotel’s beach club and the Villa Pescadores beach club.

These new luxury condos are perfect for vacation rentals or as your own home in paradise. Contact one of our friendly and knowledgeable agents today for more information.