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 | La Veleta Hotel | Commercial for sale in Tulum

La Veleta Hotel

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

7Beds 7Baths $499,000USD

$499,000 USD
$9,994,970 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Commercial
Status: For Sale
Location: Tulum
Property Size: 650 sq. mt.
Lot Size: 650 sq. mt.
Property ID: 374419249
Beds: 7
Baths: 7

Live and work in paradise!

If you dream of running your own hospitality business in paradise, then this opportunity is for you. Only minutes from the Tulum town center and the new beach road that leads straight to the hotel zone and the gorgeous white sand beaches, this is a boutique hotel with colorful Mexican-inspired décor and plenty of tropical charm. It offers a profitable ROI and already has a steady flow of guests and an established presence on social media, travel blogs, booking sites, and TripAdvisor.

Nestled in the jungle, this beautiful boutique hotel has everything you need to make your guests feel comfortable and safe, including clean, quiet guestrooms, laundry facilities, staff that are knowledgeable about the area, and security. Each of the bright, minimalist guestrooms is beautifully decorated with colorful murals, embroidered textiles, and mosaic tiles on the floor. The rooms are equipped with a private bathroom, ceiling fans, and air conditioning. The hotel also has a swimming pool, a communal kitchen and dining area with a palapa, rooftop terraces, bikes, and plenty of outdoor space for relaxing.

And thanks to the hotel's fantastic location within walking distance of the Tulum town center, you and your guests will be right in the middle of everything and enjoy access to the very best Tulum has to offer—walk or bike to some of the finest restaurants, bars, and nightlife in the Riviera Maya. Nature lovers will adore the proximity to the ruins of Tulum, Coba, and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

Tulum is a top vacation destination with consistently growing tourism numbers, a booming hospitality industry and a fast-growing real estate market. Tulum real estate has yet to realize its full potential, and savvy investors can realize huge profits by tapping into this growing market. This hotel could be your dream investment come true, and you can bet it's not going to stay on the market for long.

This charming boutique hotel is being offered for sale completely turn-key, so you can start generating income right away. Contact one of our friendly and knowledgeable agents today for more information!