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 | Central Park Lagunas 4 Bed PH | Condo for sale in Tulum

Central Park Lagunas 4 Bed PH

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

4Beds 4Baths $700,000USD

$700,000 USD
$12,299,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property ID: 269734074
Beds: 4
Baths: 4

Central Park Lagunas – Tulum Condos for Sale

We are pleased to present the newest property from one of the premier developers in Tulum, the spectacular condominiums at Central Park Lagunas located in the La Veleta neighborhood of Tulum. The design is inspired by sustainability. With the explosive popularity of Tulum as a vacation destination, every effort must be made to preserve the natural beauty and the ecological health of the surroundings. Central Park Lagunas has been thoughtfully designed to leave a minimal impact on the environment while at the same time providing a luxurious living experience.

A variety of unit sizes are available to suit every budget and need, studios (fully furnished) 1, bedroom, 2 bedroom, 3 bedroom condominiums and 4 bedroom penthouses. Included in the purchase price are AC units and fans, kitchen appliances, window coverings and outdoor furniture.

Features and amenities at Central Park Lagunas include 24-hour security, dedicated parking, motor lobby and valet parking, concierge services, a lagoon-view co-working space, cenote spa, signature restaurant and a boutique marketplace. Central Park Lagunas will have a spectacular 40-meter infinity pool and a sky bar with unforgettable views over the Mayan jungle.

Central Park Lagunas is being built in La Veleta, an up and coming residential area, a few minutes from Tulum’s pueblo with dozens of restaurants, grocery stores, produce markets, pharmacies and everything you and your guests will need whether living here full time or visiting this magical region. The property is situated close to the nearly completed Kukulkan beach road, which means super easy access to Tulum’s world-renowned white sand beaches that attract celebrities from around the world. Nature lovers will adore the proximity to the ruins of Tulum, Coba and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

Delivery is planned for December 2019. Reserve your residence today.