RE/MAX Mayaland Properties in Tulum
makes your Mexico investment decisions easy.
Foreigners may legally and safely purchase Real Estate in México and may own direct title to Real Estate in the contry's interior. Foreigners may acquire property either in the interior or in the restricted coastal and border zones by through a fiduciary bank trust (Fideicomiso).
The procedure for a foreigner to legally acquire direct title to non-restricted Mexican real estate consists of submitting the appropriate documentation to, and then receiving acknowledgement from, an authorized office of the Mexican Secretary of Exterior Relations/Foreign Affairs.
Proof of identification and nationality, along with a precise legal description of the specific property are required.Once you have decided to buy…
Once the final price is negotiated, the purchase process can usually be completed within as little as two weeks, generally beginning with a purchase contract secured by a 10% down payment, and ending upon final payment with the seller's transfer of title to the new owner in the presence of a Notary Public who prepares the new owner's title and registers it in the appropriate Public Registry Office.
Tulm Real Estate
Tulum Real Estate is being transformed in a very quick manner. As has been the news for several months. The Mexican Federal government has many investments ongoing for the southern states of Mexico Including a recently finished toll road connecting Playa del Carmen to Valladolid and Merida in the nieghbouring Yucatan State.
How does this affect the Tulum real estate market? Take note of the expanded highway from Playa del Carmen down to Tulum may continue on south towards Chetumal. Also take note on the road expansion and improvement from Tulum towards Coba. These improvements have increased the awareness and attention to this village, this has brought on many speculators, and of course has increased the demand on Tulum properties.
In the Mexico real estate, Tulum condos are a type of property that many buyers seek in this area. Tulum oceanfront condos are the first to be requested, but as the zoning and natural landscape limits the inventory, people therefore search for their properties in the available downtown zone which lies approximately 2 kilometers away from the beaches.
Tulum is a growing devolping area offering the posibilty of investment on the ground floor.