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 | Soul's Paradise Hotel Boutique | Commercial for sale in Tulum

Soul's Paradise Hotel Boutique

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

6Beds 6Baths $949,000USD

$949,000 USD
$16,237,390 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: 401.07 M2
Lot Size: 288.39 M2
Property ID: 551576496
Beds: 6
Baths: 6

Incredible investment opportunity in Tulum

This turnkey multi-unit vacation rental property features an unbeatable location in the trendy La Veleta neighborhood in the heart of Tulum. The house is surrounded by jungle and situated 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 huge 3-story house is currently operating as a 6-unit Airbnb rental. It has four spacious 1-bedroom apartments and two studios, each with individual electric meters and Internet. There are individual gas water heaters in every unit and a biological container for sewage. All of the sun-filled apartments are nicely furnished and decorated in a rustic style with concrete built-ins, wood accents, and loft nets. They have fully equipped kitchens, private baths, ceiling fans, and air conditioning. There is a landscaped patio area with a swimming pool on the ground floor and a spacious rooftop terrace with private sunbathing areas and jacuzzis. The property is fully walled-in and equipped with an electric fence and security cameras. It is being offered for sale turnkey and ready for immediate rental income.

This boutique property is perfect for a savvy investor looking to expand into this rapidly growing tourist destination. It will easily generate enough rental income to provide a comfortable income. Contact one of our friendly and knowledgeable agents today for more information.