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New condos for sale near the beach and 5th Avenue Ocean …
1Beds 1Baths $114,000USDNew condos for sale near the beach and 5th Avenue Blu 38…
1Beds 1Baths $111,000USDBeautiful home for sale in Playa del Carmen This lovely…
168.10 sq. mt. 2Beds 1.5Baths $110,000USDNew condos for sale near the beach and 5th Avenue Sensai…
1Beds 1Baths $109,690USDNew condos with resort-style amenities Inuk is new eco-f…
6,790 sq. mt. 1Beds 1Baths $109,108USDNew residential lots with premium amenities If you’ve …
230 - 450 sq. mt. $105,000USDNew condos for sale in Playa del Carmen MYA Ocean Diamon…
1Beds 1Baths $98,000USDNew jungle lots for sale in Tulum If you’ve been think…
10,337 - 12,722 sq. ft. $95,634USDLarge lot for sale in Playa del Carmen If you’ve been…
315.19 sq. mt. $94,000USDThis three bedroom, two bathroom home on the outskirts of Pl…
94.2 sq. mt. 3Beds 2Baths $80,000USD953Studio – Affordable Stylish Living in Playa del Carmen …
1Beds 1Baths $80,000USDNew residential lots for sale in Playa del Carmen If you…
$66,300USDRegión 11 (Tulum, Quintana Roo, MX - 77760)…
634.76 sq. mt. $51,000USDBeautiful private home for sale in Playa del Carmen Casa…
250 sq. mt. 2Beds 1.5Baths $199,000USDAffordable condo for sale by the beach – Potential Owner …
1Beds 1Baths $105,000USD“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
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).
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).