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 | Condos Calle 38 garden unit | Condo for sale in Playa Del Carmen

Condos Calle 38 garden unit

Centro (Playa del Carmen, Quintana Roo, MX, 77710)…

1Beds 1Baths $249,000USD

$249,000 USD
$5,052,210 MXP
Estimate only. Updated Daily.

Marieke Brown

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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: 118 M2
Propiedad ID: 553793033
Hab.: 1
Baños: 1

Departamento en planta baja en venta cerca de la playa

Este hermoso departamento en planta baja en venta en la Calle 38 en Playa del Carmen se encuentra a pocos minutos de las hermosas playas de arena blanca y toda la emoción de la famosa Quinta Avenida. Esta es una de las mejores ubicaciones en la ciudad y atrae a una constante corriente de alquiladores de vacaciones. Usted y sus huéspedes se deleitarán con la facilidad y conveniencia de esta ubicación privilegiada en el centro, garantizando su ocupación constante y asegurando un saludable retorno de su inversión durante muchos años por venir.

Este lujoso departamento de 1 habitación y 1 baño es perfecto para alquileres vacacionales o como su propio hogar en el paraíso. Cuenta con un amplio diseño de planta abierta con ventanas de piso a techo que dejan entrar mucha luz natural. Tiene una cocina completamente equipada con isla y electrodomésticos de primera calidad, una luminosa sala de estar con sofá cama y una terraza privada con jardín y parrilla al aire libre. Este es un encantador lugar para tomar el sol o cenar al aire libre bajo las estrellas. Este departamento tiene pisos de baldosas y acabados de alta calidad que son duraderos y fáciles de mantener. Se ofrece a la venta completamente amueblado y equipado con ventiladores de techo y aire acondicionado.

Este desarrollo cuenta con una azotea, dos albercas, gimnasio, área de recepción, elevador y estacionamiento. El edificio es seguro y ofrece acceso controlado y seguridad las 24 horas. Se encuentra cerca de paradas de transporte público, tiendas de comestibles, restaurantes y un complejo deportivo multiusos con pista de atletismo, canchas de baloncesto y más. Esta área también ofrece acceso confiable a Internet de alta velocidad.

Este departamento es perfecto para quienes buscan un departamento asequible cerca de la playa o un rentable alquiler vacacional. Póngase en contacto con uno de nuestros amigables y conocedores agentes hoy mismo para obtener más información.