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

EXCELLENT OPTION FOR YOUR FAMILY | BEAUTIFUL APARTMENT 3BR | RESIDENTIAL AREA | CANCUN Huayacan (Cancun, Quintana Roo, MX - 77580) Under Construction

$328,125 USD

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Details

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PLAYA REALTORS

Karina Sayed 984-186-5453 (Office) 855-894-2500 (Cell) Request More Info

Type: Condominium
Style: Apartment
Bedrooms: 3
Bathrooms: 3
Size: 1,427 sq. ft. "132.61M2"
Development Level: Under Construction
MLS #: PAP5215658

Description

THE IDEAL PLACE TO LIVE AND CONNECT WITH YOUR OWN SPACE.

2 and 3 bedroom apartments, with the highest quality finishes that make the interior space, the best place to live.

Enjoy life to the fullest with tranquility and security.

LOCATION

Located on Huayacan Avenue, Cancun, offers to be part of an integral community, where families develop with the highest quality of life.
quality of life.
The concept of the Residencial is based on the security of its residents, the ecological and harmonic landscape of its green areas, privacy, accessibility and high specification urban design.

FEATURES

- Subway facilities
- More than 7,500 m2 of green areas
and recreational parks
- Fenced subdivision
- Access and control gate
- Guardhouse with cameras
- Automated access
- 24/7 security

AMENITIES

Infinity pool
- Sunbathing areas
- Fitness Room of 110.37 m2
- Coworking
- CCTV
- Elevators
- Covered parking
- Warehouses
- Double security booth 24/7
- 2km bicycle lane
- Automated Access

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Tile

Exterior Finish

Cement
Concrete
Glass

Roof

Concrete

View

Downtown

Cooling

Ceiling Fan
Other

Sewer/Water Systems

Public

Lot Features

Fenced
Garage
Garden Area
Gated Community
Playground
Swimming Pool

Extra Features

Balcony
Controlled Access
Dock Available
Fitness Center
Lobby
Reserved Parking
Security Guard on Duty

P2#570995769

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Information is deemed to be correct but not guaranteed.