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 | Terra Rancho Santa Teresita | House for sale in Akumal

Terra Rancho Santa Teresita

Rancho Santa Teresita (Quintana Roo, Mexico, 77776)…

3Beds 3Baths $349,000USD

$349,000 USD
$5,988,840 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Akumal
Property Size: 175 sq. mt. Construction 125 sq. mt. Rooftop
Lot Size: 900 M2
Property ID: 577634752
Beds: 3
Baths: 3

New luxury villas for sale in a private jungle community

Terra is a small community of just 4 villas located inside the exclusive gated community of Rancho Santa Teresita in the heart of the Riviera Maya. This area is unique in that it offers all modern services such as electricity, internet, security, and trash collection while still preserving its jungle appeal. The beaches at Xpu Ha are just a few minutes away as well as a large grocery store and all the great recreational and dining options in Puerto Aventuras and Akumal. This charming community is closely monitored by its residents who are motivated to keep the area as private and well maintained as possible.

These sustainably designed 3-bedroom, 3-bath villas have everything you could want in a vacation home or a year-round residence. They feature a spacious open-plan layout with a fully equipped kitchen with an island and premium appliances and a bright living and dining area. All of the modern residences have bohemian-style decor and locally sourced materials such as chukum and Tzalam woods. The master bedroom has a small sitting area and a luxurious master bath with a double vanity, a hot tub, and a separate walk-in shower. These villas have polished cement floors and high-quality natural finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning. Furniture packages are available to purchase from the developer.

Each villa sits on a large private lot surrounded by jungle with a pool, a sundeck with loungers, and beautifully landscaped tropical gardens. They also feature a huge private rooftop terrace with a pergola, perfect for sunbathing or for enjoying a glass of wine under the starry night sky.

These villas are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2023 and 2024. Contact one of our friendly and knowledgeable agents today for more information.