Tierra Verde

Tierra Verde

Available :

Phase 1

-

July 2025

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Property details
Prices and Availability
From: MX $ 334 201
informations
Conkal, Yucatan, Mexico
34 lots available / 210 total lots
Property type: land

Delivery date :

July 2025

Phases & Delivery

Phase 1 : Delivery in July 2025

Amenities

Features

Closing in pesos
Outdoor parking
HOA Fees :
See Unit

Payment Plans

Option 1Option 2
At Signing30 %30 %
During Construction-50 %
At Delivery70 %20 %
At Deeding--
Discount--

Development

Construction progress

February 2024

Phase 1 - Delivery in February 2024

November 2023

Phase 2 - Delivery in November 2023

September 2023

Phase 3 - Delivery in September 2023

Points of Interest

Airport
Mérida International Airport (MID)
27.7 km
Train Station
Mayan Train Tixkokob
12.4 km
Bus Station
ADO Altabrisa
16.1 km
Hospital
Star Medica Hospital
16.1 km
Public Beach
Cancunito
6.5 km
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Frequently Asked Questions

Can a foreigner own real estate in Mexico?

Absolutely! The key distinction in the buying process is the use of a trust or fideicomiso. It is required to acquire property or land in the Restricted Zone. The restrcited zone is 100 km from the border with another country and 50km from the coastline.

What is the restricted zone?

100 km from national borders and 50 km from the coastline.

What is a Fideicomiso?

It is a trust system ownership sanctioned by the Mexican government and secured by the Central Bank of Mexico.

In very simple terms, the foreign buyer is the beneficiary of that trust.

It is 50-year perpetually renewable and transferable bank trust.

The beneficiary of the trust has ALL the rights commonly enjoyed by a Mexican owner (use, sell, lease, etc) 

It means irrevocable and absolute ownership rights to the property; the bank CANNOT sell the property without written consent of the beneficiary. The Mexican Bank Trust only holds the property title for the beneficiary but doesn't have any rights over the property.

It is important to mention that a lot of Mexican nationals go for a trust based ownership as it clearly states the beneficiaries in case of death.

Why is the use of a trust required?

In the 1917 Mexican Constitution, foreign ownership was forbidden in the Restricted zone because of Mexico's long history of land ownership dominated by foreigners (article 27). In 1973, a series of foreign investment laws were implemented as the Mexican government saw that foreign investment could have a positive impact on the economy. As a result of the relaxation of the laws on foreign investment, the trust system was created in 1993. Overall, it was much easier to create a trust system for foreign ownership than completely changing the Mexican Constitution.