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 | Siete Mares – Seller Financing Considered | Condo for sale in Akumal

Siete Mares – Seller Financing Considered

Akumal Sur (Akumal, Quintana Roo, MX - 77737)…

2Beds 2Baths $369,500USD

$369,500 USD
$7,567,360 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Akumal
Property Size: 134.05 M2
Property ID: 541696432
Beds: 2
Baths: 2

Gorgeous beachfront condo for sale in South Akumal

This airy beachfront condo is located in the gated community of South Akumal. This quiet, residential neighborhood is just a few miles south of Akumal proper and close to all the good and services of town. A favorite spot for snorkelers, Akumal boasts an easily accessible reef system full of vibrant living coral and teaming with sea life. This tiny seaside village supports a full-service dive shop, a small grocery store, a handful of cafes and restaurants, several boutiques, and even a lovely art gallery.

This gorgeous 2-bedroom, 2-bath vacation condo is being offered for sale fully furnished and ready for you to make it your own. It has a fully equipped kitchen with a breakfast bar and premium appliances, an open-concept living and dining area, and a furnished oceanside patio that allows for plenty of natural light and a nice sea breeze. 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 condo is well maintained with tile floors and top-quality finishes. It comes equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning, hurricane windows, and storm shutters.

The Seven Seas complex has a wide, uncrowded beachfront with palm trees, sun loungers, and gorgeous views of the bay. The landscaped courtyard features a community pool that is ideal for entertaining on hot days or laid-back evenings. It is tucked away in a secluded area with 24-hour security.

Whether you’re searching for a permanent home, a vacation home, or a profitable rental investment property in Akumal, you can’t go wrong with a vacation condo that’s right on the bay. Contact one of our friendly and knowledgeable agents today for more information.