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 | Paramar VE PH | Condo for sale in Tulum

Paramar VE PH

Aldea Zama (Tulum, Quintana Roo, Mexico, 77760)…

3Beds 4Baths $450,000USD

$450,000 USD
$7,704,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property ID: 585126817
Beds: 3
Baths: 4
Baths Comment: 3 full 1 half

Gorgeous penthouse with private rooftop

This luxurious penthouse condo for sale at Paramar VE is located in the exclusive master-planned Aldea Zama residential area of 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.

This move-in ready penthouse condo is perfect for vacation rentals or as your own home in paradise. It features a spacious open floor plan with a fully equipped kitchen with a breakfast bar and a sun-filled living room and dining area. It has one bedroom with a king-size bed and two bedrooms each with two double beds. All have en suite baths. The living room and primary bedroom open out onto a private balcony with a pool view, perfect for enjoying your morning coffee and breakfast or an evening glass of wine. It also features a private rooftop terrace with a plunge pool, a barbecue area, a half bath, and incredible views. This is a lovely spot to bask in the sun or dine al fresco under the stars. This penthouse is beautifully maintained with tile floors and top-quality finishes. It is being offered for sale fully furnished and equipped with ceiling fans, air conditioning, and a washer and dryer.

Paramar VE has impressive common areas including an outdoor pool, a palapa for special events, a fitness center, landscaped tropical gardens, and parking. The complex is safe and secure with controlled access and 24-hour security. This area also offers reliable, high-speed internet access.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this penthouse will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.