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 | Plaza Xaac | Condo for sale in Akumal

Plaza Xaac

Yalku (Akumal, Quintana Roo, Mexico, 77776)…

2Beds 2Baths $212,500USD

$212,500 USD
$4,345,625 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: 172.92
Property ID: 603723017
Beds: 2
Baths: 2

Gorgeous garden level condo with resort-style amenities

This sun-filled garden level condo is your chance to own a piece of paradise in one of Mexico’s most sought-after locations. Nestled inside the exclusive Grand Sirenis resort community, this condo is perfect for people seeking a Caribbean getaway for vacations or a lucrative vacation rental opportunity. It boasts 2 bedrooms, 2 bathrooms, and a spacious terrace surrounded by lush jungle and a private cenote.

The Sirenis complex is located in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum, and just an easy one-hour drive from Cancun International Airport. It offers resort-style amenities including access to a private beach, preferential rates for Day Passes at the hotel, and great discounts at the hotel spa. Enjoy a safe, serene environment with controlled access and 24-hour security.

-Garden Level

-Jungle View

-Cable Available

-Terrace

-Furnished

-Washer and Dryer

-Cenote

-Pets Allowed

-Private Road

-2 Parking Spaces

Contact one of our friendly agents today for more information.

Amenities

Interior features/finishes

Laundry Room

View

Cenote

Cooling

3+ Mini Splits

Lot Features

Common Pool
Terrace

Sewer & Water

Public

Appliances

Gas Oven
Gas Range
Microwave
Refrigerator
Refrigerator - Bar
Washer/Dryer
Washer/Dryer Hookup

Extra Features

Accessible
Common Pool
Furnished
Pets Allowed
Security

Parking Spaces

HOA Fees

$4113 MXN

Taxes

$3710 MXN

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Plaza Xaac | Condo for sale in Akumal

Plaza Xaac