Question 1

Can foreigners really own property in Mexico?

Accepted Answer

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.

Question 2

Can I get financing for my real estate purchase in Mexico?

Accepted Answer

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.

Question 3

What about the availability of title insurance?

Accepted Answer

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.

Question 4

What can I expect to pay in property taxes?

Accepted Answer

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.

Question 5

Who will manage my property when I am not using it?

Accepted Answer

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.

Question 6

Why should I consider buying property in Mexico?

Accepted Answer

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

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Title	Chac Ha 2 bedrooms
ID	603723055
Price	$299,990 USD
Status	Published
No. Bedrooms	2
Address	Paseo Xaman Ha MZ12 Lt 3 D401 Chac Ha Condo Playacar Phase 2 Playa del Carmen, Quintana Roo 77717
No. Interior	D401
Owner Name	Alan La Ferry
Owner Contact Email	alanlaferry@gmail.com
Owner Contact Phone	+19185207787
Property Manager	Sun Fun Rentals Raquel Niquete or Bianca
Property Manager Phone	984 233 9309
Property Manager Email	sunfunplaya18@gmail.com
Lock Box Code
Showing Instructions
Keys
Neighborhood	Playacar Phase 2
Type	Condo
Agent	Marieke Brown
Location	https://maps.app.goo.gl/RG67zoFBHeExJ3Sj9
Notes	Remodeled in 2022 and installed 8 solar panels
Taxes	$5796 MXN
Furniture Included	Yes
HOA	$4800 MXN monthly
Owner Will Accept
Dropbox
Commission	7%
Year Built	around 2000
Pet Friendly	No
Parking Space	1
Lock Off Units
Buyplaya.co	https://drive.google.com/file/d/1hpXezarPLLKw9zTo1abiPpnIr7GGnlI6/view?usp=sharing
Size	139.73 M2
Financing
Video
Been on the market since	Oct 2024

Playa Del Carmen and Tulum Mexico Real Estate | Chac Ha 2 bedroom | Condo for sale in Playacar

Chac Ha 2 bedroom

Playacar Phase 2(Playa del Carmen, Quintana Roo, Mexico, 77717)…

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Chac Ha 2 bedroom

Playacar Phase 2(Playa del Carmen, Quintana Roo, Mexico, 77717)…

Property Description

Amenities

Interior features/finishes

View

Cooling

Lot Features

Sewer & Water

Appliances

Extra Features

Parking Spaces

Year Built

HOA Fees

Taxes

Map

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