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 | Montenia Lots | Lot for sale in Playa Del Carmen

Montenia Lots

Valencia(Playa del Carmen, Quintana Roo, Mexico, 77710)…

$77,175USD

$77,175 USD
$1,545,815 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Lot
Status: For Sale
Property Status New-construction
Location: Playa Del Carmen
Lot Size: 160.00-292.56 m2
Property ID: 603722984

Build your dream home in paradise!

If you’ve been thinking about investing in land in the Riviera Maya, now is a great time! This gorgeous stretch of Caribbean coastline is rapidly growing into a major global tourist destination. These new to the market lots for sale in Montenia are located just 10 minutes from downtown Playa del Carmen and close to all the goods and services of town. You’re never far from sun-soaked beaches and world-class cuisine here. This world-famous tourist destination is recognized globally as having some of the most beautiful white sandy beaches and clear turquoise Caribbean waters in the world.

Situated along the highway just south of Playa del Carmen, this new project offers residential lots with first-class infrastructure in a secure, gated residential community. The complex spans over 16 hectares and is strategically located in the heart of the Riviera Maya. It is surrounded by jungle and features a wide range of recreational facilities, including multiple pools, a gym, paddle courts, a jogging circuit, event facilities, a commercial area with shops and restaurants, and more. This new development is safe and secure with controlled access and 24-hour security. Access to city services is available and cell phone reception is good in the area. This area also offers reliable, high-speed internet access.

These new residential lots are perfect for an individual or a savvy investor looking to capitalize on the growth of the Riviera Maya. Delivery is scheduled for 2027. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.