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Playa Del Carmen

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“Playa del Carmen (Spanish pronunciation: ['plaʝa ðel 'karmen]) is a city located along the Caribbean Sea in the state of Quintana Roo in Mexico. It is a popular tourist area in eastern Mexico. Playa del Carmen boasts a wide array of tourist activities due to its geographical location in the Riviera Maya. It has also been the destination of PGA Tour golf tournaments and the set location for various television shows.” – Wikipedia

Can foreigners really own property in Mexico?

Yes! 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 (Trust Law).

Buying Real Estate and Owning Property in Playa del Carmen & Mexico

A Fideicomiso is established by the government and gives foreigners the same rights of ownership as Mexican citizens. The only difference is that they never receive the actual fee simple title. A bank holds it in trust for them. The Trust system of ownership is sanctioned by the Mexican government, provided for under the Mexican Constitution, and secured by the Central Bank of Mexico, all exclusively for the purpose and protection of enabling foreign ownership of coastal property in Mexico.

Alternatively, you may own property by establishing a Mexican corporation. The corporation is the direct owner of the property and enjoys the right to conduct business in Mexico. (Consult your agent and attorney to find out which form is best in your case).

Andrea Perron Ruiz andrea 12 January 2016 0


When people dream about living in paradise, it also and often means a new start and a new way of living. However, most people don't realize how many details need to be considered in this process. Just like building a football team, building a team that will help ease a long and sometimes complicated…
Laura Winfree laurawinfree 25 October 2012 0


Picture yourself sprawled out in the shade of an umbrella or on a colorful sarong spread out over the sand, earphones playing your favorite songs while you look out over bright turquoise green waters. The cool Caribbean waters call out to you with the sound of soft waves, the perfect way to cool off…
Andrea Perron Ruiz andrea 7 January 2015 0


In many families, the Christmas holiday is the perfect time for gathering around a table full of food, overlooking a Christmas tree surrounded by gifts for all the children. The picture is sadly not the same for all families. The poorest are struggling to find their children's clothing and shoes thr…
Andrea Perron Ruiz andrea 10 December 2015 0


When BuyPlaya got the email invitation for a special tour in an authentic Mayan village with Ojos Mayas, the half-Mexican side of me immediately got excited and curious. The idea of spending an entire day of discovering, exploring and learning about the fascinating culture and history of the Mayas, …
Laura Winfree laurawinfree 23 October 2012 0


Locals residing throughout Playa del Carmen and the Riviera Maya always find themselves itching to explore everything the area has to offer. With so many amazing beaches and charming towns to discover, it's no wonder the region has become a favorite for expats in search of excitement, relaxation or …