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 | Distrito Playa Loft | Condo for sale in Playa Del Carmen

Distrito Playa Loft

Gonzalo Guerrero (Playa del Carmen, Quintana Roo, Mexico, 77720)…

1Beds 1Baths $176,000USD

$176,000 USD
$3,574,560 MXP
Estimate only. Updated Daily.

Kelly Maier

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status
Location: Playa Del Carmen
Property Size: 46.64 M2
Property ID: 580465091
Beds: 1
Beds Info: loft
Baths: 1

New condos for sale two blocks from the beach

Distrito Playa is a new luxury condominium project with 25 apartments and an unbeatable location just two blocks from the beach in the heart of Playa del Carmen. The complex is located just steps from shopping, dining, nightlife, and all the excitement of world-famous 5th Avenue. This is one of the best locations in the city and attracts a steady stream of vacation renters, guaranteeing its constant rental occupancy and ensuring a healthy return on your investment for many years to come.

These new studio lofts and 1- and 2-bedroom condos are perfect for people who want an affordable apartment or a profitable vacation rental close to the beach in Playa del Carmen. They feature a spacious open floor plan with an equipped kitchen with granite countertops, a living room, a dining area, and a private balcony with city views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. All of the modern residences have a laundry room and some have walk-in closets. These condos 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 and air conditioning.

You and your guests will love the ocean view rooftop with a pool, a grill and social area, a gym, a yoga area, and a coworking space. The complex is safe and secure with controlled access and 24-hour security. It is located just one block from a multi-sport complex with a running track, basketball courts, and more.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2025. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan

View

City
Downtown

Cooling

Mini Split

Lot Features

BBQ Area
Co-working Area
Common Pool
Gym
Rooftop
Yoga Area

Sewer & Water

Public

Appliances

Stovetop
Washer/Dryer Hookup

Extra Features

Balcony
Business Center
Common Pool
Fitness Center
New Home
Pets Allowed
Security
Tile Floor
Unfurnished

Year Built

2025

HOA Fees

$2.50 USD per M2 monthly

Taxes

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Distrito Playa Loft | Condo for sale in Playa Del Carmen

Distrito Playa Loft