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 | Papaya 20/20 | Condo for sale in Playa Del Carmen

Papaya 20/20

Centro (Playa Del Carmen, Quintana Roo, MX - 77710)…

1Beds 1Baths $240,000USD

$240,000 USD
$4,869,600 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: 85 m2
Propiedad ID: 356922971
Hab.: 1
Baños: 1

Ahora a la venta en Papaya 20/20, este encantador departamento vacacional se encuentra a pocas cuadras de la famosa Quinta Avenida de Playa del Carmen y a un minuto de la playa. Este es uno de los mejores lugares de la ciudad y atrae a un flujo constante de turistas. El edificio de departamentos está ubicado a solo unos pasos de paradas de transporte público, supermercados, restaurantes, farmacias, servicios médicos y más, lo que lo hace ideal vivir y/o para vacacionar.

Este amplio departamento de 2 habitaciones y 2 baños es perfecto para usar como renta vacacional o como su propio hogar en el paraíso. Cuenta con sala de estar, comedor para cuatro personas y cocina completa con electrodomésticos de primera calidad, que incluye refrigerador, lavavajillas, microondas y estufa con horno. La distribución es abierta con las áreas de sala y comedor que se abren a su propio balcón privado. Este departamento se ofrece a la venta totalmente amueblado y equipado con ventiladores de techo, aire acondicionado y lavadora y secadora.

Los propietarios y huéspedes pueden disfrutar de la terraza en la azotea con alberca, terraza y asientos al aire libre, ideal para entretener a los huéspedes y cenar al aire libre bajo las estrellas. El edificio del departamento es seguro con entrada privada, seguridad las 24 horas y estacionamiento.

Papaya 20/20 ofrece excelentes servicios y una ubicación fantástica a un buen precio. Es perfecto para quien busca una escapada caribeña para sus vacaciones, o incluso para retirarse, o un a propiedad vacacional rentable en el corazón del centro de Playa del Carmen.

Este condominio se ofrece a la venta totalmente amueblado y equipado para alquileres de vacaciones. La venta incluye un espacio de estacionamiento. Póngase en contacto con uno de nuestros agentes para obtener más información o para programar una visita.