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 Real Estate | Villas Hacienda 7B | Condo for sale in Tulum

Villas Hacienda 7B

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

2Beds 2Baths $150,000USD

$150,000 USD
$3,069,000 MXP
Estimate only. Updated Daily.

Carlos MartÃnez

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Tulum
Property Size: 127 sq. mt.
Property ID: 350367180
Beds: 2
Baths: 2

Affordable vacation condo for sale in downtown Tulum

You just can’t get more centrally located than this beautiful condo right in the heart of Tulum. It is surrounded by shops and restaurants, and just a few minutes’ drive from Tulum’s hotel zone and its 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.

Located in the Villas Hacienda complex, this single story 2 bedroom, 2 bath condo offers more than 800 sq. ft. of living space. The floor plan is open with the kitchen and living area opening out to a good-sized balcony, perfect for your morning coffee and breakfast. It has a full kitchen with a granite breakfast bar and premium appliances, including a refrigerator, a microwave and an oven with a stove top. The master bedroom features a large walk-in closet and a luxurious master bath. The home is being offered for sale fully furnished and equipped with ceiling fans, air conditioning and a washer and dryer.

Villas Hacienda is a small 12-unit condominium development with a pretty central courtyard and a large swimming pool that you and your guests are sure to love. The condo building is safe and quiet with gated entry, a front desk area, parking and bike storage. It is conveniently located within easy walking distance of shops, restaurants, public transportation stops and a multi-sport complex.

This condo is perfect for people who want a Caribbean getaway for vacations, or even to retire to. Its prime downtown location will ensure an excellent return on your investment if used as a vacation rental. Contact one of our friendly agents today for more information or to schedule a showing.