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 | Opal Suites 1 bed | Condo for sale in Playa Del Carmen

Opal Suites 1 bed

Coco Beach (Playa del Carmen, Quintana Roo, Mexico, 77710)…

1Beds 1Baths $222,352USD

$222,352 USD
$4,607,133 MXP
Estimate only. Updated Daily.

Sarah Fouts

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Vendido

Property Description

Tipo de Propiedad: Condo
Estatus: Vendido
Property Status Re-sale
Localidad: Playa Del Carmen
Tamaño de la Propiedad: 53.13 + 14.55. balcony 67.68m2 total
Propiedad ID: 580705974
Hab.: 1
Baños: 1

Este encantador departamento en el tercer piso cuenta con una ubicación inigualable justo al norte del centro de Playa del Carmen, en la cotizada colonia de Coco Beach. Con fácil acceso a las hermosas playas de arena blanca y vistas panorámicas al mar Caribe, este vecindario ofrece un estilo de vida envidiable frente al mar. Esta es una de las mejores ubicaciones en la ciudad y atrae a un flujo constante de turistas, garantizando su ocupación constante y asegurando un retorno de inversión saludable durante muchos años.

Este departamento de 1 recámara y 1 baño es perfecto para rentas vacacionales o como su propio hogar en el paraíso. Cuenta con un amplio plano de planta abierta con una sala de estar llena de luz natural y una cocina equipada con un juego de comedor a altura de mostrador que también funciona como isla. La sala de estar y la habitación se abren a una gran terraza cubierta con vistas a la ciudad. Este es un lugar encantador para disfrutar de su café y desayuno por la mañana o una copa de vino por la noche. La habitación cuenta con un armario, un espejo de cuerpo entero y un lujoso baño completo con una ducha a ras de suelo. Este departamento tiene pisos de cerámica 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.

A usted y a sus huéspedes les encantará el increíble rooftop con alberca, zona con camastros, gimnasio, sauna y zona de parrilla al aire libre. El edificio es seguro con acceso controlado y seguridad las 24 horas. Cuenta con lavandería, elevador y estacionamiento subterráneo. Esta área también ofrece acceso confiable a Internet de alta velocidad.

Este departamento ofrece excelentes amenidades y fantástica ubicación a un buen precio. Comuníquese con uno de nuestros agentes hoy para obtener más información.