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 | Artesan 2 bed | Condo for sale in Puerto Aventuras

Artesan 2 bed

Caleta Xel Ha (Puerto Aventuras, Quintana Roo, Mexico, 77733)…

2Beds 2Baths $358,021USD

$358,021 USD
$7,303,628 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Puerto Aventuras
Property Size: 86.27 M2
Property ID: 603723028
Beds: 2
Baths: 2

New luxury condos for sale on the marina

Artesan is a new waterfront condominium development with 11 units located inside the exclusive gated residential resort community of Puerto Aventuras. Enjoy golf, tennis, sailing, yoga, snorkeling, and scuba diving, as well as access to world-class deep-sea fishing and water sports, all just steps from your door in this quiet seaside community. Puerto Aventuras is very much a community for couples or families—most of the restaurants close at 10pm and there are strict noise ordinances after 11pm.

These beautiful new 2- and 3-bedroom condos are perfect for people who want a Caribbean getaway for vacations or a profitable vacation rental. They feature a spacious open floor plan with large windows and sliding glass doors that let in tons of natural light. They have a fully equipped kitchen and a sun-filled living room and dining area. All of the modern residences have a covered terrace with views of the ocean or marina. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. These condos have wood 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.

You and your guests will love the incredible ocean view rooftop with an infinity pool, a sunbathing area, and a jacuzzi. The condo building also has a gym, an elevator, and parking. Puerto Aventuras is a secure gated community with controlled access. This area also offers reliable, high-speed internet access.

These new condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2025. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.