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 | Maresia 3 Bedrooms | Condo for sale in Playa Del Carmen

Maresia 3 Bedrooms

Ciudad Mayakoba (Playa del Carmen, Quintana Roo, MX - 77727)…

3Beds 3Baths $591,614USD

$591,614 USD
$12,003,848 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Playa Del Carmen
Property Size: 146 sq. mt.
Property ID: 535984726
Beds: 3
Baths: 3

New condos for sale in Mayakoba Country Club

Maresia is a new luxury condominium project with a fantastic location inside Mayakoba Country Club, a private gated residential golf course community that spans more than 395 acres (160 ha). Located off the highway just north of Playa del Carmen, the Mayakoba complex is surrounded by lagoons and green spaces, and just minutes from the natural beauty of the Caribbean coast. Nestled in the heart of the Riviera Maya, it offers exclusivity and privacy but also easy access to fantastic beaches.

Located right next to the golf course, these gorgeous new 3- and 4-bedroom condos and penthouses offer unbeatable views of the fairway and jungle. They feature a spacious open concept layout and get tons of Caribbean sunshine. All of the updated residences have a full kitchen with an island, a living room, a dining room, a laundry area, a utility room, and a large private terrace. The bedrooms have closets and luxurious en suite baths. The exclusive penthouse units have huge rooftop terraces with jacuzzis and outdoor grills. This is a lovely spot to bask in the sun or dine al fresco under the stars. 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 can enjoy all the benefits of life in Mayakoba Country Club, including access to a professional golf course, a sports club, a clubhouse, multiple pools, cenotes, a beach club, and lots of green areas. The complex is safe and secure with controlled access and 24-hour security. The condo building also has a gym, co-working space, a hotel-like lobby, and underground parking.

These new luxury condos have everything you could want in a vacation or retirement home. Contact one of our friendly and knowledgeable agents today for more information.