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 | Cocay Tulum | Condo for sale in Tulum

Cocay Tulum

Tulum Centro (Tulum, Quintana Roo, MX - 77760)…

1Beds 1Baths $151,515USD

$151,515 USD
$2,593,937 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 50.,01 sq. mt.
Property ID: 546259388
Beds: 1
Baths: 1

New lofts for sale in the heart of Tulum

Cocay Lofts is an exciting new condominium project with resort-style amenities in the fast-growing Region 15 neighborhood in Tulum. The complex is surrounded by jungle and 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.

These turn-key new 1-bedroom, 1-bath lofts are perfect for vacation rentals or as your own home in paradise. They boast high-quality concrete construction with wooden doors, cabinets and open shelving, and a privacy screen that separates the kitchen from the living room and bedroom. All of the units open out onto a private terrace, perfect for enjoying your morning coffee and breakfast or an evening glass of wine. The ground floor units feature swim-up access and the units on the upper levels have a plunge pool. These condos have natural materials and finishes that are durable and easy to maintain. They come equipped with an electric water heater, air conditioning, and light switches with USB ports.

This new development features a huge resort-style pool with a waterfall, an open-air gym, a sunbathing area, a grill area, a firepit, jogging paths, a yoga area, a dog park, and a co-working space. Owners and guests can also enjoy preferential access to Mia Beach Club & Restaurant located in the hotel zone.

These lofts offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for more information.

Prices start at $2,180,000MXN, the final price in USD will depend on the exchange rate of the day. Delivery date is July 2024.