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 | Las Olas 2 bed | Condo for sale in Playa Del Carmen

Las Olas 2 bed

Playa Mamitas(Playa del Carmen, Quintana Roo, Mexico, 77710)…

2Beds 2Baths $247,500USD

$247,500 USD
$5,021,775 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: 110 M2
Propiedad ID: 603723009
Hab.: 2
Baños: 2

Departamento en Venta Cerca de la Playa y la 5ta Avenida

Este lujoso departamento vacacional ofrece una ubicación inmejorable entre la 5ta Avenida y la playa, en el corazón de Playa del Carmen. El edificio se ubica a solo tan unos pasos de tiendas, restaurantes, vida nocturna y todo lo que hace de Playa del Carmen un destino turístico de fama mundial. Es una de las mejores ubicaciones de la ciudad y atrae a un flujo constante de huéspedes, lo que garantiza una ocupación constante y asegura un buen retorno de inversión durante muchos años.

Este hermoso departamento de 2 recámaras y 2 baños tiene todo lo que podría desear en una casa vacacional o una residencia permanente. Ofrece una distribución abierta, con cocina completamente equipada con barra desayunadora, sala y comedor llenos de luz natural, y cuarto de lavandería con lavadora y secadora. La sala de estar y la recámara principal se abren a una terraza techada con vistas a la calle, un espacio ideal para disfrutar del café en la mañana o una copa de vino por la noche. El amplio espacio de almacenamiento en la cocina y los clósets en las recámaras hacen que este departamento sea cómodo para la vida diaria y perfecto para sus huéspedes vacacionales. El departamento cuenta con pisos de azulejo y acabados de alta calidad, duraderos y fáciles de mantener. Se ofrece a la venta completamente amueblado y equipado con ventiladores de techo y aire acondicionado.

Ideal para quienes buscan una propiedad en el Caribe para las vacaciones o incluso para retirarse, este departamento le brindará muchos años de disfrute personal y una excelente fuente de ingresos si se utiliza como renta vacacional. Contacte a uno de nuestros agentes hoy mismo para más información.