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 | Casa de Lujo Playacar | House for sale in Playacar

Casa de Lujo Playacar

Playacar Phase 2(Playa del Carmen, Quintana Roo, Mexico, 77710)…

3Beds 2Baths $2,412,500USD

$2,412,500 USD
$46,344,125 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: House
Status: For Sale
Property Status Re-sale
Location: Playacar
Property Size: 854 M2
Lot Size: 700 M2
Property ID: 603723000
Beds: 3
Baths: 2

Gorgeous Playacar villa with beach access

This spectacular 3-story Caribbean villa features an unbeatable location inside the exclusive gated golf course community of Playacar. With easy access to the gorgeous white sandy beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This quiet area is just steps from 5th Avenue and close to all the goods and services of town. Enjoy shopping, dining, nightlife, and all the fun and sun that make Playa del Carmen a world-famous tourist destination.

This incredible 3-bedroom, 2-bath villa is expansive and luxurious with double height ceilings and window walls that let in tons of Caribbean sunshine. The main floor features a spacious open layout with a fully equipped kitchen with an island and premium appliances, a living room and dining area, a TV room, a laundry room, and a terrace. It has a hotel-like lobby area with covered parking and kitchen access. The bedrooms have closets, en suite baths, and balconies. The primary bedroom has a huge walk-in closet and a 25m2 terrace. There are also two independent apartments in the basement, perfect for visitors, family, or for rent. This villa shines with marble floors and high-end finishes. It is being offered for sale fully furnished and equipped with ceiling fans, air conditioning, and storm windows.

You and your guests will love the huge rooftop terrace with a pool and sundeck, a bathroom, and an outdoor grill. This is a lovely spot to bask in the sun or dine al fresco under the stars. This secure, gated complex has a clubhouse with a community pool, tennis courts, and landscaped gardens. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this luxury villa 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.