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 | Neró PH | Condo for sale in Tulum

Neró PH

New luxury condos for sale on Tankah Bay Nero is an exciting new c…

2Beds 2Baths $574,200USD

$574,200 USD
$9,927,918 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 97-261 m2
Property ID: 551191974
Beds: 2
Baths: 2

New luxury condos for sale on Tankah Bay

Nero is an exciting new condominium project immersed in the jungle of Tankah Bay. Located in an idyllic part of the Riviera Maya coast, it offers exclusivity and privacy but also easy access to fantastic 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. This quiet seaside community is less than 20 minutes from downtown Tulum, 45 minutes from Playa del Carmen, and 90 minutes from the airport.

These beautiful new 2-bedroom, 2-bath condos and penthouses offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. They are designed to integrate with nature and feature an open-plan layout with floor-to-ceiling windows, curved doorways, and exposed stone walls. All of the modern residences open out onto a private balcony that overlooks the mangroves. This is a lovely spot to enjoy your morning coffee or an evening glass of wine. These condos have natural materials and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

This new development offers amenities such as a huge rooftop terrace with a sky pool and pool bar, a coworking space, a mini market, and a lounge area. It has a hotel-like lobby, elevators, concierge, valet parking, and 24-hour security. You will also have the option to purchase an exclusive membership with access to a gym, a restaurant, a pool, a yoga area, a kids club, and more.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2025. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Features

Pool

Interior features/finishes

Ceiling Fan
Wet Bar

View

Street

Cooling

3+ Mini Splits

Lot Features

Common Pool

Sewer & Water

Public

Appliances

Gas Range
Hood Fan
Oven Range

Extra Features

Balcony
Concierge
Elevator
Front Desk
Roof Terrace
Security
Valet Parking

Parking Spaces

Year Built

2025

HOA Fees

Taxes

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Neró PH | Condo for sale in Tulum

Neró PH