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 | Limas Tulum PH | Condo for sale in Tulum

Limas Tulum PH

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

2Beds 2.5Baths $477,700USD

$477,700 USD
$8,259,433 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 262 sq.mt.
Lot Size: 23,109 sq. mt.
Property ID: 498046658
Beds: 2
Baths: 2.5

New condos for sale in the heart of Tulum

Limas Tulum is a new low-density luxury residential development that spans more than 5.7 acres 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-sand 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.

These new 2- and 3-bedroom condos are uniquely designed to avoid any shared walls and offer privacy and exclusivity. They range in size from 1,625 sq. ft. (151 m2) to 2,820 sq. ft. (262 m2) and offer different layouts and options to suit your needs. They have a spacious open concept kitchen, living and dining area and a large private terrace. The ground level and penthouse units also feature a private pool. These condos have concrete flooring, interior wooden doors and polished marble countertops. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

A secure gated complex, Limas Tulum offers resort-style amenities such as a pool, a yoga shala, a gym, a community garden, an outdoor grill area, concierge and transportation services and preferential beach club access. The developer has taken great care in preserving 80 percent of the property for water features and amenities and ensuring the maximum amount of greenery is left untouched.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for presale pricing and options.