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 | Punta Laguna Corasol 2 bed | Condo for sale in Playa Del Carmen

Punta Laguna Corasol 2 bed

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

2Beds 2Baths $345,000USD

$345,000 USD
$7,027,650 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Playa Del Carmen
Property Size: 84.46 M2
Property ID: 589905882
Beds: 2
Baths: 2

New luxury condos with resort-style amenities

This new 12-acre residential development in Corasol is the ultimate in resort-style living. You and your guests will love vacationing in this paradisiacal seaside community. This is the perfect location to enjoy the serenity of the long white sandy beach, the tranquility of the lush 18-hole golf course, the security of a gated community, and the convenience of being just a few minutes from all the excitement of Playa del Carmen. This exclusive Riviera Maya resort community is a highly sought out tourist destination sure to be an excellent source of rental income or a comfortable year-round residence.

These beautiful new 2- and 3-bedroom condos are perfect for vacation rentals or as your own home in paradise. They feature a spacious open floor plan and get tons of Caribbean sunshine. All of the modern residences have a light-filled living room, a dining area, and a kitchen with a stone bar, an oven, a cooktop with a hood, a stainless steel sink, and wood finish cabinets and cupboards. They open out onto a private balcony with golf course and water views. These condos have natural stone floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans, air conditioning, LED lighting, and closets in the bedrooms.

A secure gated complex, Punta Laguna offers resort-style amenities and experiences, including multiple pools, a gym, a coworking space, a yoga area, paddle courts, pickleball courts, a barbecue area, a café and bar, an area with firepits and hammocks, a kids club, a lobby concierge, and more.

Owners and guests can also enjoy all the benefits of life in Corasol, including access to the Corasol beach area, a professional golf course designed by Nick Price, community organic gardens, and the largest beach club in Mexico, with 132 meters of beachfront. The complex has 24-hour security, electric vehicle charging stations, a water treatment plant, solar panels for green energy, and more.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, these new luxury condos will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.