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 | Siaan Panoramic 2 Bedroom Condo | Condo for sale in Playa Del Carmen

Siaan Panoramic 2 Bedroom Condo

Zazil Ha (Playa del Carmen, Quintana Roo, MX - 77710)…

2Beds 2.5Baths $497,734USD

$497,734 USD
$10,273,230 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 219- 279 sq. mt.
Lot Size: 1,102 sq. mt.
Property ID: 466709883
Beds: 2
Baths: 2.5
Baths Comment: 2.5 and 3 Bathrooms Available

New lofts for sale in Coco Beach

Siaan Panoramic Lofts is a new condominium project with a fantastic location between the beach and 5th Avenue in Playa del Carmen’s popular Coco Beach neighborhood. With easy access to the gorgeous white sand beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This is one of the city’s fastest growing neighborhoods and attracts a steady stream of vacation renters, ensuring a healthy ROI for those who wish to use their condo as a vacation rental property.

Spend countless hours on the beach, lounging in the sun, swimming or paddle boarding. This quiet area of Playa del Carmen is close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat. Many of the city's best restaurants, beach clubs and the Cozumel ferry are all just a short walk away. In the evenings, Playa del Carmen’s famous 5th Avenue is the place to go for shopping, people watching, and savoring all the culinary delights that this diverse region has to offer.

Siaan Panoramic’s 47 upscale lofts offer different layouts and options to suit your needs. They have double height ceilings and large windows that let in tons of Caribbean sunshine. They are designed in a contemporary style with a spacious open layout and a terrace. Each two-story loft has a modern kitchen, a guest bathroom and a living and dining area on the main floor and two bedrooms with an en suite bath on the second floor. They have porcelain floors, granite countertops, stainless steel appliances and aluminum screens. All of the units come with one reserved parking space and a storage bodega.

You and your guests will love the incredible rooftop with two pools and spectacular Caribbean and city views. At night, you can take in all the stars or even the twinkling lights from Cozumel. The unique architectural design of the condo building evokes the sea and coral reefs.

These new condos are perfect for vacation rentals or as your own home in paradise. Contact one of our friendly and knowledgeable agents today for more information.