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 | Valenia Villa Amore | Casa for sale in Playa Del Carmen

Valenia Villa Amore

Valenia (Playa del Carmen, Quintana Roo, Mexico 77718)…

4Beds 4Baths $555,000USD

$555,000 USD
$11,005,650 MXP
Estimate only. Updated Daily.

Danielle Knod

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En Venta

Property Description

Tipo de Propiedad: Casa
Estatus: En Venta
Property Status New-construction
Localidad: Playa Del Carmen
Tamaño de la Propiedad: 230 M2
Tamaño del Lote: 240 M2
Propiedad ID: 603723035
Hab.: 4
Baños: 4

Gorgeous villa with private pool

This new 2-story villa is located inside the Valenia residential development in Playa del Carmen’s fast-growing Ejido neighborhood. The complex is surrounded by jungle and located just 10 minutes from 5th Avenue and close to all the goods and services of town. You’re never far from sun-soaked beaches and world-class cuisine here. This world-famous tourist destination is recognized globally as having some of the most beautiful white sandy beaches and clear turquoise Caribbean waters in the world.

This bright and modern 4-bedroom, 4-bath villa has everything you could want in a vacation home or a year-round residence. It features a spacious open layout with floor-to-ceiling windows that let in tons of natural light. It has a fully equipped kitchen, a sun-filled living room, an indoor-outdoor dining area, and a beautifully landscaped backyard with an infinity pool. Plenty of kitchen storage space and closets in the bedrooms make this space comfortable for everyday living and a breeze for your vacation guests. This villa has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale unfurnished but equipped with air conditioning.

Owners and guests can enjoy access to luxury amenities including a clubhouse with a semi-Olympic size pool, a terrace and bar, a sunbathing area, a fitness center, tennis and paddle ball courts, a soccer field, a dog park, a playground for kids, and event space. The complex is safe and secure with controlled access and 24-hour security. This area also offers reliable, high-speed internet access.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this villa will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.