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 Real Estate | Bajo Cielo 2 Bedroom PH | Condo for sale in Tulum

Bajo Cielo 2 Bedroom PH

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

2Beds 2Baths $534,000USD

$534,000 USD
$10,904,280 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 119.43 sq. mt.
Property ID: 269733965
Beds: 2
Baths: 2

Bajo Cielo – Jungle Condos for Sale in Tulum

Now being built in Tulum’s most prestigious residential-resort community, Aldea Zama, Bajo Cielo offers 7 different styles of residence distributed in two towers. Tower One has a total of 6 two-level townhomes. Tower Two has 8 one-level apartments and 4 desirable penthouses. Each unit is delivered fully equipped with AC and appliances. Best of all, many of the units, including each of the penthouses have their own private plunge pool!

Bajo Cielo will offer amenities including 24 hour security, parking, quiet green spaces, a stunning rooftop infinity pool with sun loungers, a pergola for shade, hammock areas, men’s and women’s bathrooms and more.

Bajo Cielo is a part of Lúum Zamá, an exclusive gated neighborhood located inside of Tulum’s desirable Aldea Zama residential-resort community. Lúum Zamá has been organically designed with 31 multi-familiar lots all surrounding a large common green space which provides ample room for recreation and relaxation for all residents and guests. The amenities inside of Lúum Zamá include a pool with clubhouse, paths for biking and running, a workout area, yoga palapa and temazcal. There is also an ampitheatre and a special kids area. Commercial spaces are planned for a market and restaurant to serve the residents of the community. All of this is just a few minutes for the white sand beaches and turquoise waters that draw visitors from around the globe.

Living in Tulum means living in a magical and privileged place, surrounded by peace, harmony, and nature. It’s never too late to find your paradise and enjoy the life you have always dreamed of. Prices start at $191,000 USD. Delivery is scheduled for December 2018. Contact us today for more information.