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 | Chac Ha 2 bedroom | Condo for sale in Playa Del Carmen

Chac Ha 2 bedroom

Playacar Phase 2(Playa del Carmen, Quintana Roo, Mexico, 77717)…

2Beds 2Baths $299,990USD

$299,990 USD
$6,119,796 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: Playa Del Carmen
Property Size: 139.73 M2
Property ID: 603723055
Beds: 2
Baths: 2

Beautiful garden level condo for sale in Playacar

Discover the charm of this sun-filled garden level condo, ideally situated within the secure, gated resort 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 recently remodeled condo boasts 2 bedrooms, 2 bathrooms, and a delightful covered terrace with views of the pool and gardens.

The Chac Ha complex offers exclusivity and privacy with easy access to fantastic beaches. It has a huge resort-style pool and beautifully landscaped tropical gardens. This tranquil oasis is located just minutes from Playa del Carmen’s iconic 5th Avenue and close to all the goods and services of town. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

-Garden Level

-Pool View

-Covered Terrace

-Cable Available

-Furnished

-Washer and Dryer

-Solar Panels

-Bodega

-Swimming Pool

-Garden Area

-1 Parking Space

Contact one of our friendly agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan
Laundry Room
Window Covers

View

Golf Course
Jungle

Cooling

3+ Mini Splits

Lot Features

Common Pool
Courtyard
Garden Area
Landscaped
Lawn
Patio
Trees / Shrubs

Sewer & Water

Public

Appliances

Dishwasher
Dryer
Garbage Disposal
Gas Range
Hood Fan
Microwave
Oven Range
Refrigerator
Stove
Washer
Washer/Dryer

Extra Features

Cable Available
Common Pool
Covered Patio
Furnished
Gated Community
Golf Community
Porch
Security
Solar Panels
Solar Power
Tile Floor
Updated

Parking Spaces

Year Built

2000

HOA Fees

$4800 MXN monthly

Taxes

$5796 MXN annually

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Chac Ha 2 bedroom | Condo for sale in Playa Del Carmen

Chac Ha 2 bedroom