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 | Gobernador 28 3 bed | Condo for sale in Playa Del Carmen

Gobernador 28 3 bed

Cruz de Servicios(Playa del Carmen, Quintana Roo, Mexico, 77713)…

3Beds 3.5Baths $241,854USD

$241,854 USD
$4,941,077 MXP
Estimate only. Updated Daily.

Sarah Fouts

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Playa Del Carmen
Property Size: 124 M2
Property ID: 603722985
Beds: 3
Baths: 3.5

New Playa del Carmen condos with luxury amenities

Gobernador 28 is an exciting new condominium project with 77 units and a great location in the heart of Playa del Carmen. The complex is situated on the jungle side of the highway, just a few minutes from the new Municipal Building, the Planetarium, the Cultural Center, and the City Theater. It is just 10 minutes from world-famous Fifth Avenue and the gorgeous white sandy beaches. This area is also close to public transportation stops, supermarkets, shopping malls, restaurants, pharmacies, and more.

These new 2-, 3-, and 4-bedroom condos offer different layouts and options to suit your needs. They feature a spacious open floor plan with an equipped kitchen with a breakfast bar and a sun-filled living area. All of the updated residences have a private terrace with city views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. Some of the units have plunge pools and 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 air conditioning.

You and your guests will love the incredible rooftop with a pool, a jacuzzi, and panoramic views. This secure gated complex also features paddle courts, bowling lanes, a gym with a boxing ring, a sauna, a coworking space, an outdoor grill area, a coffee shop, and more. It has a hotel-like lobby, elevators, a laundry room, and underground parking. This area also offers reliable, high-speed internet access.

These condos are perfect for people who want an affordable apartment or a profitable vacation rental in Playa del Carmen. Delivery is scheduled for 2025. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.

Amenities

View

City

Cooling

3+ Mini Splits

Lot Features

Common Pool
Fenced Yard
Garden Area
Gym
Jacuzzi
Kids Club
Laundry
Paddle Tennis
Sauna

Sewer & Water

Public

Appliances

Stove

Extra Features

Co-Working Space
Lobby
Pets Allowed
Tile Floor
Updated

Parking Spaces

Year Built

2025

HOA Fees

Taxes

Map

Request more information Call from US/Canada Call from México Request more information

Playa Del Carmen and Tulum Mexico Real Estate | Gobernador 28 3 bed | Condo for sale in Playa Del Carmen

Gobernador 28 3 bed