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 | Mirval 1 Bedroom | Condo for sale in Tulum

Mirval 1 Bedroom

Región 8 (Tulum, Quintana Roo, MX - 77760)…

1Beds 2Baths $264,946USD

$264,946 USD
$4,496,134 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property ID: 550377710
Beds: 1
Baths: 2

New condos for sale close to the beach

Mirval is a new condominium project with an unbeatable location just 500m from the beach in the fast-growing Region 8 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.

These new sustainably designed 1- and 2-bedroom condos offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. They are designed to be soundproof and every unit comes with its own private swimming pool. They feature a spacious open-plan layout with a fully equipped kitchen, separate living and dining areas, and floor-to-ceiling windows that let in tons of natural light and slide open to create beautiful indoor-outdoor living spaces. The bedrooms have a luxurious jacuzzi-style tub and a retractile screen to create a personal indoor cinema. These condos have natural materials and finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

A secure gated complex, Mirval offers just 30 units with resort-style amenities such as a beach-like pool, an underground spa, a gym, a restaurant, a big open-kitchen area, an organic market, a coffee shop, and more. It also has a rooftop terrace with a pool, a sunbathing area, and panoramic jungle views.

This new development features a self-consumption roof garden cared for by in-house gardeners, where owners and guests will be able to harvest what is grown. It also uses sustainable technologies such as rainwater collection and solar panels for green energy. The developer has taken great care in preserving 40 percent of the existing jungle and ensuring the maximum amount of greenery is left untouched.

These new luxury condos are perfect for vacation rentals or as your own home in paradise. Contact one of our friendly and knowledgeable agents today for more information.