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 | Bruma | House for sale in Tulum

Bruma

Región 15 (Tulum, Quintana Roo, MX - 77760)…

2Beds 2.5Baths $325,306USD

$325,306 USD
$6,785,883 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Tulum
Property Size: 191.60 – 222.80 sq. mt.
Lot Size: 980 sq. mt.
Property ID: 352523471
Beds: 2
Baths: 2.5

New luxury villas with eco-friendly amenities

Bruma is an exclusive new residential development made up of just four villas in the Region 15 neighborhood in Tulum. Surrounded by tropical jungle, ancient Maya ruins and subterranean rivers and cenotes, the complex is 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 sand beaches.

These luxurious two-story villas will have 2 bedrooms and 2.5 baths, and offer different layouts and options to suit your needs. They are designed to integrate with nature and maximize space, with high ceilings, natural materials and views of the tropical jungle surroundings. The floor plan is open with large floor-to-ceiling windows and sliding glass doors that let in plenty of natural light and help to integrate the indoor and outdoor living spaces. The homes are sustainably designed and finished with locally-sourced materials that are durable and easy to maintain.

Each residence will have its own garden, private pool and parking for one vehicle. The complex is safe and quiet with gated entry and 24-hour security. Eco-friendly amenities include a waste water treatment plant and energy-saving appliances. The developer has taken great care in preserving more than half of the existing trees and ensuring that all spaces have access to ventilation and natural light.

These villas are a fantastic investment for people who wish to responsibly capitalize on the growth of the Riviera Maya. They’re perfect for use as a vacation home or as a year-round residence, and will bring many years of personal enjoyment while providing an excellent income if used as a vacation rental.

These homes will be delivered unfurnished but equipped with ceiling fans, air conditioning and some appliances. Furniture packages are available to purchase from the developer. Delivery is scheduled for September 2020. Contact one of our friendly agents today for presale pricing and options.