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 | Sonni 1 bed | Condo for sale in Playa Del Carmen

Sonni 1 bed

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

1Beds 1Baths $275,000USD

$275,000 USD
$5,601,750 MXP
Estimate only. Updated Daily.

Sarah Fouts

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En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Property Status New-construction
Localidad: Playa Del Carmen
Tamaño de la Propiedad: 51.83 M2
Propiedad ID: 603722969
Hab.: 1
Baños: 1

New condos for sale just steps from the beach

Sonni is an exciting new condominium project with 125 units and an unbeatable location just steps from world-famous 5th Avenue and another minute to the beach and Mamita’s Beach Club. This is one of the best locations in the city and attracts a steady stream of vacation renters. You and your guests will delight in the ease and convenience of this prime downtown location, guaranteeing its constant rental occupancy and ensuring a healthy return on your investment for many years to come.

These new mid-century modern style studios and 1- and 2-bedroom condos are perfect for vacation rentals or as your own home in paradise. They offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. All of the updated residences are designed to be inclusive and offer full mobility accessibility. They have an equipped kitchen with a fridge, a microwave, and an electric grill with a hood, as well as a bookcase and closets in the bedrooms. These condos have marble floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

This new development offers more than 20 amenities, including multiple pools and terraces, sunbathing areas, a gym, a sauna, two spa rooms, a barbecue area, a coworking space, and more. The complex is safe and secure with controlled access and security cameras. It has a hotel-like lobby, mobility ramps, stretcher elevators, underground parking, and a commercial area with shops and restaurants.

These condos offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for 2027. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.