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 | Condo Aire | Condo for sale in Playa Del Carmen

Condo Aire

Centro (Playa Del Carmen, Quintana Roo, Mexico, 77710)…

2Beds 1Baths $295,000USD

$295,000 USD
$5,985,550 MXP
Estimate only. Updated Daily.

Sarah Fouts

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En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Property Status Re-sale
Localidad: Playa Del Carmen
Tamaño de la Propiedad: 70 interior +20m2 terrace
Propiedad ID: 603723042
Hab.: 2
Baños: 1

Departamento en venta cerca de la playa y de la 5ta Avenida

Este departamento cuenta con una ubicación inmejorable en la 5ta Avenida, en la icónica zona de la playa Mamita’s de Playa del Carmen. El edificio se encuentra a tan solo unos pasos de tiendas, restaurantes, vida nocturna y todas las atracciones que hacen de Playa del Carmen un destino turístico de fama mundial. Ubicado en una de las mejores áreas de la ciudad, este departamento atrae a una constante afluencia de huéspedes vacacionales, garantizando una alta ocupación y un sólido retorno de inversión en los próximos años.

Este departamento de 2 habitaciones y 1 baño es perfecto como propiedad vacacional o como su propio hogar en el paraíso. Dispone de una pequeña cocina con comedor, equipada con refrigerador y sala independiente que recibe abundante luz natural. Tanto la sala como la habitación principal cuentan con acceso a una amplia terraza parcialmente cubierta, ideal para disfrutar de un café por la mañana o una copa de vino por la noche. Las recámaras incluyen closets a la medida, y el baño cuenta con tina, un detalle poco común en las propiedades de Playa del Carmen. El departamento tiene pisos de loseta y acabados de alta calidad, diseñados para ser duraderos y fáciles de mantener. Se vende completamente amueblado y equipado con ventiladores de techo, aire acondicionado, lavadora y secadora.

El edificio cuenta con alberca común, solárium con camastros y área de asador en la planta baja. El complejo está completamente bardeado y cuenta con portón de acceso, ofreciendo un excelente sentido de seguridad y privacidad para usted y sus huéspedes. Esta zona también ofrece acceso confiable a internet de alta velocidad.

Este departamento es perfecto para quienes buscan una escapada caribeña o una propiedad vacacional rentable. Contacte hoy a uno de nuestros agentes para obtener más información.