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 | Alquimia Pool Terrace | Condo for sale in Tulum

Alquimia Pool Terrace

Aldea Zamá (Tulum, Quintana Roo, MX - 77760)…

1Beds 1Baths $566,648USD

$566,648 USD
$9,627,350 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 54.6 - 107.70 sq. mt.
Lot Size: 2,112.40 sq. mt.
Property ID: 492779643
Beds: 1
Beds Info: 1 and 2 Bedrooms
Baths: 1
Baths Comment: 1 and 2 Bathrooms

New condos with resort-style amenities

Alquimia is a new resort-style condominium development in the exclusive master-planned Aldea Zama residential area of Tulum. This beautiful new complex is located on the main beach road and just minutes from the hotel zone and gorgeous white sand beaches, the famous Mayan ruins and the bohemian chic town center of Tulum. Situated about halfway between the beach and the highway, Aldea Zama is ideally located to take advantage of all that this fast-growing tourist destination has to offer.

These new studios, 1-bedroom suites and 1- and 2-bedroom condos and penthouses offer different layouts and options to suit your needs. They have a kitchen or kitchenette, a living and dining room and a private balcony or terrace. The garden level units have a nice size terrace with a plunge pool and the luxurious penthouse units have a private rooftop with a kitchenette, a dining area and a pool. All of the modern residences have polished concrete floors and top-quality finishes that are durable and easy to maintain. Fully equipped furnishing packages are available to purchase from the developer and include everything from carefully selected furniture to kitchen accessories, decorations and even artwork.

Alquimia operates as a condo hotel and offers resort-style amenities, such as a mini market, a wine and liquor store, restaurants and bars, a rooftop lifestyle club with an infinity pool, a spa with a sauna, a steam room and an underground pool, a fitness center, a yoga studio and more. The complex is safe and secure with controlled access and 24-hour security. It also offers laundry, room service, Wi-Fi, preferential beach club access and continuous shuttle service to local points of interest.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for presale pricing and options.