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 | Villa Amor Tulum | House for sale in Tulum

Villa Amor Tulum

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

2Beds 3Baths $350,000USD

$350,000 USD
$5,939,500 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: House
Status: For Sale
Location: Tulum
Property Size: 181.18 sq. mt.
Lot Size: 370.37 sq. mt.
Property ID: 552034661
Beds: 2
Baths: 3

Beautiful villa with private pool and garden

Villa Amor Tulum is a lovely 2-story villa with a fantastic location in the fast-growing La Veleta neighborhood in Tulum. The property is surrounded by tropical jungle and 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 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 bright and airy 2-bedroom, 3-bath villa is perfect for vacation rentals or as your own home in paradise. The main floor features a spacious open-plan layout with a fully equipped kitchen with open storage, a kitchen table, and a comfortable living area. It has oversized sliding glass doors that let in tons of Caribbean sunshine. The bedrooms are located on the second floor and have open closets, private balconies, and full en suite baths. The master bedroom has a king-size bed and a futon, and the guest room has a double bed. This home comes equipped with ceiling fans, air conditioning, and solar panels for green energy. It is being offered for sale fully furnished and ready to move in or rent out.

This villa has a huge backyard with a covered terrace, a pool, and plenty of space to bask in the sun or dine al fresco under the stars. The landscaped grounds are beautifully maintained with palm trees, tropical vegetation, and blooming trees that provide plenty of cool, shady areas. The property is fully walled-in, offering a wonderful sense of security and privacy for you and your guests.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this villa 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.