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 | Lomas Aurora Torre Agua 3 bed | Condo for sale in Playa Del Carmen

Lomas Aurora Torre Agua 3 bed

Centro Maya(Playa del Carmen, Quintana Roo, Mexico, 77710)…

3Beds 3.5Baths $220,349USD

$220,349 USD
$4,380,538 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: 111.97 M2
Property ID: 603722990
Beds: 3
Baths: 3.5

New condos for sale in an exclusive gated community

Lomas Aurora is an exciting new residential development with resort-style amenities. Located on the jungle side of the highway just south of downtown Playa del Carmen, it offers exclusivity and privacy but also easy access to fantastic beaches. The complex is a short 5-minute drive from the Centro Maya mall and close to all the goods and services of town. This area is just minutes from shopping, dining, nightlife, and all the fun and sun that make Playa del Carmen a world-famous tourist destination.

This new gated community features nine towers of 2- and 3-bedroom luxury condos that combine modern comfort with the tranquility of nature. Condo owners can enjoy access to exclusive amenities such as a resort-style pool, sun terraces, and green areas. The condo building has a hotel-like lobby, elevators, and parking. Owner and guests can also enjoy all the benefits of life in Lomas Aurora, including tennis and paddle courts, a soccer field, a bikeway, and minigolf, as well as a club house with a restaurant and bar, a lounge area, a gym, a spa, a cinema, a coworking space, a kids club, a pool with swimming lanes, and an event hall. The complex is safe and secure with controlled access and 24-hour security.

These condos are perfect for people who want an affordable condo 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.