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 | The Fives Beach Resort | Condo for sale in Playa Del Carmen

The Fives Beach Resort

Xcalacoco (Playa del Carmen, Quintana Roo, MX - 77737)…

1Beds 1Baths $150,000USD

$150,000 USD
$2,565,000 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 66.09 sq. mt.
Property ID: 452169456
Beds: 1
Baths: 1

Resort-style living at The Fives in Playa del Carmen

Now for sale at The Fives Beach Hotel and Residences, this gorgeous ocean view condo has everything you could want in a vacation or retirement home. Nestled in the heart of the Riviera Maya, it offers exclusivity and privacy but also easy access to fantastic beaches. This exclusive residential development is just a 10-minute drive from downtown Playa del Carmen and 40 minutes from the airport. Nature lovers will adore the proximity to the gorgeous white sand beaches, eco-parks, world-class golfing, and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This bright and modern 1-bedroom, 1-bath condo is perfect for people who want a stress-free Caribbean getaway or a profitable vacation rental. It features a spacious open floor plan and large windows that let in tons of natural light. It has a full kitchen with a peninsula breakfast bar and premium appliances. The bedroom has a luxurious master bath with a double vanity and a rain shower. It opens out onto a private balcony with views of the pool and landscaped tropical gardens. This well maintained first-floor unit is being offered for sale fully furnished and ready for you to make it your own.

Owners and guests at The Fives enjoy all the perks of living in a Riviera Maya resort community, including access to multiple swimming pools, a beach club, a gym, a spa, tennis courts, and shopping, dining, and entertainment at The Fives Plaza. This is the perfect location to enjoy the serenity of the long white sand beach, the tranquility of the jungle, the security of a gated community, and the convenience of being just a few minutes from all the excitement of downtown Playa del Carmen.

This beautiful beachfront condo is perfect for vacation rentals or as your own home in paradise. Contact one of our friendly and knowledgeable agents today for more information.