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 | Murcielago Residence | Condo for sale in Tulum

Murcielago Residence

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

1Beds 1Baths $159,000USD

$159,000 USD
$2,722,080 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: 55 M2
Lot Size: 350 M2
Property ID: 571061932
Beds: 1
Baths: 1

Lovely condo for sale in the heart of Tulum

This downtown Tulum condo features an unbeatable location just steps from the Avenida Coba beach road that leads straight to the hotel zone and the gorgeous white sandy beaches. It’s an easy walk to the bohemian chic town center of Tulum and the new Chedraui Plaza with a great selection of stores in addition to the recently expanded supermarket. Nature lovers will adore the proximity to the Tulum ruins and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This bright and airy 2-bedroom, 1-bath condo is perfect for vacation rentals or as your own home in paradise. It features a spacious open-plan layout and gets tons of Caribbean sunshine. It has an equipped kitchen with an island and a sun-filled living room and dining area that opens out onto a private balcony with city and garden views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

You and your guests will love the shared terrace with a pool and sun loungers, perfect for entertaining on hot days or laid-back evenings. The condo building is safe and secure with gated entry and 24-hour security. It has a front desk and parking. This area also offers reliable high-speed Internet access.

This condo is perfect for people who want an affordable apartment or a profitable vacation rental in Tulum. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Alarm System
Laundry Room
Skylights

View

City
Forest
Panoramic

Cooling

Central Air

Lot Features

Corner Lot
Courtyard
Front Porch
Garden Area
Lawn
Swimming Pool

Sewer & Water

Public

Appliances

Central Vacuum
Freezer
Garbage Disposal
Gas Range
Hood Fan
Microwave
Oven Range

Extra Features

Covered Patio
Front Desk
Handicap Hot Tub
New Home
Pets Allowed
Private Elevator
Private Owned
Reserved Parking

Year Built

2019

Taxes

$1200

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Murcielago Residence | Condo for sale in Tulum