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 | Luna Condos 2 Bedrooms | Condo for sale in Playa Del Carmen

Luna Condos 2 Bedrooms

Centro (Playa del Carmen, Quintana Roo, MX - 77710)…

2Beds 2Baths $309,000USD

$309,000 USD
$5,042,880 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 87.65 sq. mt.
Property ID: 518279395
Beds: 2
Baths: 2

New condos for sale near the beach and 5th Avenue

Luna is a new condominium project with an unbeatable location in Playa del Carmen’s vibrant Colonia Hollywood neighborhood. The complex is situated just a few blocks from world-famous 5th Avenue and another minute to the beach. This is one of the best locations in the city and attracts a steady stream of vacation renters. Your guests will delight in the ease and convenience of this prime downtown location, guaranteeing its constant rental occupancy and ensuring a healthy ROI for many years to come.

These new studios and 2-bedroom condos and penthouses offer different layouts and options to suit your needs. They have a spacious open layout with a fully equipped kitchen and a light-filled living room that opens out onto a private terrace. This is a lovely spot to enjoy coffee in the morning or an evening glass of wine. The studios have one bedroom separated for privacy with interior sliding doors. The 2-bedroom units have a breakfast bar and walk-in closets in the bedrooms. All of the modern residences feature sophisticated design 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.

This beautiful new development features a rooftop pool, a sundeck, a coworking space and a yoga and meditation area. The complex is safe and secure with controlled access and 24-hour security. It also offers reliable, high-speed internet access, so you can easily work from home.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for presale pricing and options.