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 | Valle Aurora 3 Bedrooms | Condo for sale in Playa Del Carmen

Valle Aurora 3 Bedrooms

Cruz de Servicios (Playa del Carmen, Quintana Roo, MX - 77710)…

3Beds 3Baths $320,000USD

$320,000 USD
$5,436,800 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 124 - 190.23 sq. mt.
Property ID: 518745329
Beds: 3
Baths: 3

New condos with resort-style amenities

Valle Aurora is a new luxury condominium project made up of 4 towers, each with 62 condos and 9 two-story penthouses, in Playa del Carmen. The complex is located in the new urban center, just 8 minutes from world-famous Fifth Avenue and the gorgeous white sandy beaches. It is also close to public transportation stops, supermarkets, shopping malls, pharmacies, the planetarium and the cultural center. This area offers reliable, high-speed internet access, so you can easily stay connected.

These beautiful new 2- and 3-bedroom condos and penthouses offer different layouts and options to suit your needs. They feature a spacious open concept floor plan and get tons of Caribbean sunshine. All of the modern residences have a full kitchen with an island and a bright living and dining area that opens out onto a private terrace. The exclusive two-story penthouse units have private rooftops with plunge pools and lock offs. These condos have contemporary design, innovative architecture and luxurious finishes. They are being offered for sale unfurnished but equipped with closets and windows.

This new development has a huge resort-style pool with sun beds and loungers, a spa, a gym, a kids club, tennis and paddle courts, multipurpose courts and more. The complex is safe and secure with controlled access and 24-hour security. It also features a commercial area with restaurants, shops and office space.

Perfect for use as a vacation home or as a year-round residence, these 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.