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 | Las Flores Mañanitas | Condo for sale in Playa Del Carmen

Las Flores Mañanitas

Centro (Playa del Carmen, Quintana Roo, MX…

2Beds 2Baths $260,000USD

$260,000 USD
$4,495,400 MXP
Estimate only. Updated Daily.

Sarah Fouts

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En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Localidad: Playa Del Carmen
Tamaño de la Propiedad: 114.96 sq. mt.
Propiedad ID: 494403015
Hab.: 2
Baños: 2

Este amplio e iluminado departamento de 2 habitaciones y 2 baños tiene todo lo que podría desear en una propiedad vacacional. Cuenta con cocina completa con una ventana de paso y mucho espacio de almacenamiento. La sala se abre a un balcón con vista a la calle con mesa y sillas, perfecto para disfrutar de tu café y desayuno o una copa de vino por la noche. Este departamento tiene un cuarto de lavado con conexión para lavadora/secadora y balcones en cada una de las habitaciones. Viene equipado con todas las amenidades prácticas, incluyendo ventiladores de techo, aire acondicionado, persianas, y ventanas y puertas a prueba de huracanes, sonido y robos. La venta incluye un lugar de estacionamiento reservado.

Un complejo cerrado y seguro, Las Flores Mañanitas tiene al menos 20 años y está muy bien mantenido con un toque de la antigua Playa. Ofrece un rooftop común en la azotea con camastros y vistas al mar. Por la noche, puede disfrutar de todas las estrellas o incluso de las luces centelleantes de Cozumel.

Perfecto para quienes buscan una propiedad en el caribe para las vacaciones, o incluso para retirarse, este departamento brindará muchos años de disfrute personal y un excelente ingreso si se usa para rentas vacacionales. Póngase en contacto con uno de nuestros agentes hoy para obtener más información.