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 | Xaman Ha PH | Condo for sale in Playacar

Xaman Ha PH

Playacar Phase 1(Playa del Carmen, Quintana Roo, Mexico, 77710)…

3Beds 3Baths $799,000USD

$799,000 USD
$16,323,570 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status Re-sale
Location: Playacar
Property Size: 144 M2 interior + 90 M2 terrace
Property ID: 603722989
Beds: 3
Baths: 3

Gorgeous beachfront penthouse for sale in Playacar

This ocean view penthouse features an unbeatable location inside the exclusive gated golf course community of Playacar. With easy access to the gorgeous white sandy beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This quiet area is just minutes from 5th Avenue and close to all the goods and services of town. It is just steps from shopping, dining, nightlife, and all the fun and sun that make Playa del Carmen a world-famous tourist destination.

This gorgeous 2-story ocean view penthouse has everything you could want in a vacation home or a year-round residence. This 3-bedroom, 3-bath residence features a spacious open floor plan and gets tons of natural light. It has a fully equipped kitchen and a sun-filled living room and dining area that opens out onto a covered balcony with pool and ocean views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. Two of the bedrooms have luxurious en suite baths with bathtubs, a unique feature of Riviera Maya real estate, and the primary bedroom opens out onto a private rooftop terrace. 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 shines with tile floors and top-quality finishes. It is being offered for sale fully furnished and equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning, and a washer and dryer.

A secure gated complex, Xaman Ha offers exclusivity and privacy but also easy access to fantastic beaches. It has a hotel-like lobby, a huge resort-style pool with a palapa, and a wide beachfront. The landscaped grounds are beautifully maintained with palm trees and tropical vegetation. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this penthouse will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.