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 | El Cinco Boutique Hotel Tulum | Commercial for sale in Tulum

El Cinco Boutique Hotel Tulum

La Veleta (Tulum, Quintana Roo, MX, 77760)…

6Beds 5Baths $1,000,000USD

$1,000,000 USD
$17,100,000 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Commercial
Status: For Sale
Location: Tulum
Property Size: 558.94 M2
Lot Size: 316.66 M2
Property ID: 552642474
Beds: 6
Baths: 5

Incredible opportunity to live and work in paradise

If you dream of running your own hospitality business in paradise, then this opportunity is for you. El Cinco is a 5-unit boutique hotel with plenty of tropical charm. The complex is 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 3-story boutique hotel property has everything you need to make your guests feel comfortable and safe. There are four 1-bedroom suites and one 2-bedroom penthouse. All of the tastefully decorated guestrooms have a kitchen with a breakfast bar, a sun-filled living room, a full bathroom, and some have a private balcony or terrace off of the bedroom. They are nicely furnished and equipped with ceiling fans and air conditioning. The hotel has a courtyard with beautifully landscaped tropical gardens and a rooftop terrace with a pool, a sunbathing area, and an outdoor kitchen area with a grill. It also has solar panels for green energy and reliable, high-speed Internet access. This property is fully walled-in and gated, offering a wonderful sense of security and privacy for you and your guests. It is being offered for sale completely turnkey, so you can start generating rental income right away.

Tulum is a top vacation destination with consistently growing tourism numbers, a booming hospitality industry, and a fast-growing real estate market. This boutique hotel could be your dream investment come true, and you can bet it's not going to stay on the market for long.

Savvy business owners can realize huge profits by tapping into this growing market. Contact one of our friendly and knowledgeable agents today to learn more about this fantastic investment opportunity.