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 | Casa Chechen Tulum | House for sale in Tulum

Casa Chechen Tulum

Region 15 (Tulum, Quintana Roo, MX, 77765)…

3Beds 3.5Baths $400,000USD

$400,000 USD
$6,864,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Tulum
Property Size: 212 SQ M TOTAL (including rooftop garden)
Lot Size: 300 SQ M
Property ID: 564640107
Beds: 3
Baths: 3.5

New eco-home for sale close to the beach

Casa Chechen is a new sustainably designed home with an unbeatable location in the fast-growing region 15 neighborhood in Tulum. The property is surrounded by jungle and situated 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.

This open concept 3-bedroom, 3.5-bath home has everything you could want in a vacation home or a year-round residence. It offers more than 2,280 square feet of indoor-outdoor living space and gets tons of Caribbean sunshine. It features a beautiful modern façade, double height ceilings and floor-to-ceiling windows in the living room, and laminated concrete panels on the walls. It has a full kitchen with an island, a light-filled living room and dining area, and a service area. The bedrooms have hardwood floors, built-in closets, and full en suite baths. This home was constructed using natural materials and finishes from the region. It is being offered for sale unfurnished but equipped with air conditioning.

You and your guests will love the large outdoor patio space with a private pool and garden area. It is fully walled-in, offering a wonderful sense of security and privacy for you and your guests. There is also a spacious 860-square-foot roof garden with a plunge pool, an outdoor kitchen and dining area, and panoramic jungle views. This is a lovely spot to bask in the sun or dine al fresco under the stars.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this luxury home will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.