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 | Distrito Puerto 1 bedroom | Condo for sale in Puerto Morelos

Distrito Puerto 1 bedroom

Puerto Morelos (Puerto Morelos, Quintana Roo, MX - 77780)…

1Beds 1Baths $256,900USD

$256,900 USD
$5,279,295 MXP
Estimate only. Updated Daily.

Danielle Knod

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En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Property Status
Localidad: Puerto Morelos
Tamaño de la Propiedad: 45.10 – 45.21 sq. mt.
Propiedad ID: 515662733
Hab.: 1
Baños: 1

Nuevos departamentos frente al mar en venta en Puerto Morelos

Distrito Puerto es un nuevo proyecto de departamentos de lujo ubicado a solo minutos del centro de la ciudad de Puerto Morelos. Esta tranquila comunidad costera está situada a mitad de camino entre Cancún y Playa del Carmen, ya solo 20 minutos del aeropuerto. Es compatible con el mercado de agricultores locales, tiendas, farmacias, supermercados, restaurantes y más. Los amantes de la naturaleza adorarán la proximidad a las hermosas playas de arena blanca y docenas de increíbles cenotes que se encuentran dispersos por toda la selva maya.

Este hermoso nuevo desarrollo residencial ofrece 72 lofts de lujo y departamentos de 1 y 2 habitaciones con diferentes diseños y opciones para satisfacer sus necesidades. Todas las residencias modernas ofrecen un amplio diseño de concepto abierto con una cocina completa y una sala de estar que se abre a un balcón privado con vista al mar y al pueblo. Todos tienen un lavadero independiente y algunos tienen vestidores. Estos departamentos cuentan con materiales de origen local y acabados de lujo de alta gama que son duraderos y fáciles de mantener. Se ofrecen a la venta sin muebles pero equipados con ventiladores de techo y aire acondicionado.

Los propietarios y huéspedes disfrutarán del acceso a amenidades de lujo, como dos piscinas (una frente a la playa y otra en la azotea), dos áreas sociales con parrillas al aire libre, un gimnasio, un área de yoga y una playa privada. El complejo es seguro y protegido con acceso controlado y seguridad las 24 horas. También dispone de ascensores y parking.

Estos departamentos son perfectos para rentas vacacionales o como su propia casa en el paraíso. La entrega está programada para julio de 2024. Comuníquese hoy con uno de nuestros amables y expertos agentes para obtener más información.