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 | Central Park Tulum | Condo for sale in Tulum

Central Park Tulum

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

1Beds 1Baths $149,000USD

$149,000 USD
$2,550,880 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 36 sq. mt.
Property ID: 560397123
Beds: 1
Baths: 1

Beautiful turnkey studio with resort-style amenities

This sun-filled garden level studio condo for sale at Central Park features an unbeatable location in the trendy La Veleta neighborhood in Tulum. The complex is surrounded by jungle and 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 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.

Ideal for singles or couples, this 387 sq. ft. (36 m2) studio condo is perfect for vacation rentals or as your own home in paradise. It has a fully equipped kitchen with a full-size fridge, a microwave, and an electric cooktop. This unit comes furnished with a king size bed, two side tables, a flat-screen TV stand, and a table and stool set. It has a luxurious full bath and a closet with an iron and ironing board and a safe. It opens out onto a small patio with Acapulco chairs, perfect for enjoying your morning coffee or an evening glass of wine. This studio has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale turnkey and equipped with ceiling fans and air conditioning.

Central Park offers all the luxury and convenience of resort-style living with fantastic onsite amenities, including a gym with a climbing wall, a large swimming pool, full service spa including hydrotherapy and temazcal, a restaurant, a bar, and a business center. The complex is safe and secure with controlled access and 24-hour security. It has a water filtration system, solar panels for green energy, and Wi-Fi in the common areas.

This studio is perfect for people who want an affordable condo or a profitable vacation rental close to the beach. Contact one of our friendly and knowledgeable agents today for more information.