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 | Panoramic PH | Condo for sale in Tulum

Panoramic PH

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

2Beds 2.5Baths $350,000USD

$350,000 USD
$5,988,500 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 152.6 sq. mt.
Property ID: 424077595
Beds: 2
Baths: 2.5

Beautiful two-story penthouse with resort-style amenities

This bright and modern two-story penthouse condo for sale at Panoramic is located in the fast-growing Region 15 neighborhood in Tulum. The residential complex is situated 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.

This luxurious two-bedroom penthouse is perfect for use as a vacation rental or as your own home in paradise. It has an open floor plan with a full kitchen with an island and premium appliances. The kitchen and living area open out via sliding glass doors onto your own private balcony, perfect for enjoying your morning coffee and breakfast. The master bedroom has a luxurious master bath with a double sink and a walk-in shower. A winder staircase leads up to your very own private rooftop terrace with a plunge pool, shaded seating, an outdoor grill, and panoramic jungle views.

Owners and guests at Panoramic enjoy all the comforts and amenities of a luxury resort, including beach club access, an incredible rooftop with a gorgeous 360-degree infinity sky pool and panoramic jungle views, a yoga loft, a café and co-working space, a business center, a gym, a spa, an artificial cenote with a three-story waterfall, and landscaped tropical gardens. The condo building has a hotel-like lobby with a concierge desk, elevator access, parking, high speed internet, and 24-hour CCTV security. The price includes all of the furniture and 11 solar panels.

This penthouse is being offered for sale turnkey and equipped for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.