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 | Alux 33 | Condo for sale in Puerto Morelos

Alux 33

Puerto Morelos (Quintana Roo, Mexico, 77580)…

1Beds 1Baths $237,355USD

$237,355 USD
$4,834,921 MXP
Estimate only. Updated Daily.

Marieke Brown

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En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Property Status New-construction
Localidad: Puerto Morelos
Tamaño de la Propiedad: 48.48 M2
Propiedad ID: 603723069
Hab.: 1
Baños: 1

Nuevos Departamentos Frente al Mar en Puerto Morelos

Alux 33 es un desarrollo exclusivo de departamentos frente al mar con 44 unidades en Puerto Morelos. Ubicado en el corazón de la Riviera Maya, esta encantadora área se ubica a medio camino entre Cancún y Playa del Carmen, y a tan solo 20 minutos del aeropuerto. Los amantes de la naturaleza disfrutarán de la cercanía a las playas de arena blanca y los impresionantes cenotes escondidos en la selva maya.

Estos modernos departamentos tipo estudio ofrecen un gran potencial tanto para uso personal como para generar ingresos por renta. Ofrecen una distribución abierta, cocina equipada, espacios definidos para sala y recámara, y un balcón privado con impresionantes vistas al océano. Este nuevo proyecto representa una oportunidad única para disfrutar lo mejor de la vida frente al mar en la Riviera Maya.

Amenidades:

- Rooftop

- Alberca infinita

- Área de yoga

- Sala de póker

- Gimnasio

- Bar en la alberca

- Asadores al aire libre

- Restaurante

- Cuarto de lavandería

- Carritos de golf

- Área de recepción

- Seguridad

- Elevadores

- Se permiten mascotas

- Estacionamiento

Los precios de preventa están sujetos a disponibilidad y cambios. Contáctenos hoy para obtener información actualizada y descubrir cómo adquirir su propio paraíso frente al mar.