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 | Casas Amanecer | House for sale in Playa Del Carmen

Casas Amanecer

El Cielo(Playa del Carmen, Quintana Roo, Mexico, 77727)…

3Beds 2.5Baths $448,571USD

$448,571 USD
$8,917,591 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: House
Status: For Sale
Property Status New-construction
Location: Playa Del Carmen
Property Size: 186 M2
Lot Size: 261-243 M2
Property ID: 603722991
Beds: 3
Baths: 2.5

New homes for sale in a secure gated community

These new 3-story homes for sale in El Cielo offer inviting indoor-outdoor spaces and the perks of living in a resort community. Located off the highway just north of downtown Playa de Carmen, the El Cielo complex is less than a 10-minute drive from world-famous 5th Avenue and just minutes from the natural beauty of the Caribbean coast. Nestled in the heart of the Riviera Maya, this gorgeous residential development offers exclusivity and privacy but also easy access to fantastic beaches.

These beautiful new 3-bedroom, 2.5-bath luxury homes have everything you could want in a vacation home or a year-round residence. They feature a spacious open floor plan and get tons of natural light. All of the modern residences have a fully equipped kitchen, a sun-filled living room and dining area, a laundry room, and space for a home office. They also have a walled-in back patio area with a pool and garden, perfect for entertaining on hot days or laid-back evenings. These homes have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans, air conditioning, closets, lighting fixtures, and solar panel hookups.

Located just 40 minutes from the airport, the El Cielo complex offers resort amenities such as a huge community pool that winds through the property, a clubhouse, and landscaped gardens. It is close to two beach clubs and three PGA golf courses. The complex is safe and secure with controlled access and 24-hour security. This area also offers reliable, high-speed internet access.

These new homes will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.