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 | Nikte Ha 3 Bedrooms | Condo for sale in Akumal

Nikte Ha 3 Bedrooms

Half Moon Bay (Akumal, Quintana Roo, MX - 77737)…

3Beds 3Baths $650,000USD

$650,000 USD
$13,292,500 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Akumal
Property Size: 1,700 sq. ft.
Property ID: 554065631
Beds: 3
Baths: 3

Fabulous beachfront condo with incredible views

This ocean view condo is located in a popular beachfront building on the shores of Half Moon Bay in the quiet community of North Akumal. This condo is right on the beach and a few minutes away from the beautiful Yalku Lagoon. A favorite spot for snorkelers, Akumal boasts an easily accessible reef system full of vibrant living coral and teaming with sea life. This tiny seaside village supports a full-service dive shop, a small grocery store, and a handful of cafes and restaurants with great food and live music.

This bright and airy 3-bedroom, 3-bath condo offers spectacular views across Half Moon Bay to the Caribbean and beyond. It features a spacious open-plan layout with floor-to-ceiling windows that let in tons of natural light. It has a fully equipped kitchen with a breakfast bar, a sun-filled living room, a dining area, and a wide covered terrace with ocean views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. The bedrooms have private balconies, built-in closets, and full en suite baths. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It comes fully furnished and equipped, with a profitable rental program already in place.

You and your guests will love the beautiful oceanfront pool and sunbathing area, and from here you can step straight out onto the soft white sand — perfect for heading out snorkeling, kayaking, or paddleboarding in the calm waters of the bay or lounging on the wide sandy beach. The condo building is safe and secure with controlled access and 24-hour security. It also has an elevator and parking.

If you’re interested in vacation rental income, you can do no better than a condo right on the beach in Akumal. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan
Laundry Room
Window Covers

View

Beachfront
Ocean View

Lot Features

Landscaped
Swimming Pool
Trees / Shrubs

Appliances

Dryer
Washer/Dryer

Extra Features

Furnished
Tile Floor

Parking Spaces

Year Built

2018

HOA Fees

$5700 MXN monthly

Taxes

$10,541 MXN annually

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Nikte Ha 3 Bedrooms | Condo for sale in Akumal

Nikte Ha 3 Bedrooms