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 | Levitat 20 1 Bedroom | Condo for sale in Playa Del Carmen

Levitat 20 1 Bedroom

Zazil Ha (Playa del Carmen, Quintana Roo, MX - 77721)…

1Beds 1Baths $180,184USD

$180,184 USD
$3,655,933 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status
Location: Playa Del Carmen
Property Size: 51 sq. mt.
Property ID: 521907312
Beds: 1
Baths: 1

New Coco Beach condos with exclusive amenities

Levitat 20 is an exciting new condominium project located just north of the downtown area in Playa del Carmen’s popular Coco Beach neighborhood. With easy access to the gorgeous white sand beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This is one of the city’s fastest growing neighborhoods and attracts a steady stream of vacation renters, ensuring a healthy ROI for those who wish to use their condo as a vacation rental property.

These new studios and 1-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 have a spacious open concept layout with a fully equipped kitchen, a table and chairs, a TV room with a sofa bed, a full bath and a private terrace with city views. The studios have a sleeping area separated for privacy and the 1-bedroom units have a separate bedroom with an ensuite bath. Both have built-in closets with storage drawers and desks. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale fully furnished and ready to move in or rent out.

You and your guests will love the spectacular ocean view rooftop with an infinity pool, a sunbathing area, a coffee bar, hammocks, a coworking space and a gym. At night, you can take in all the stars or even the twinkling lights from Cozumel. The condo building is safe and secure with a hotel-like lobby and 24-hour security. It also has an elevator, laundry facilities, keyless entry, Wi-Fi in the common areas and parking. This area offers reliable, high-speed internet access, so you can easily stay connected.

These turnkey condos offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for more information.