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

1-BEDROOM APARTMENT | HIGH-END LOCATION | CANCUN Cancun Centro (Cancun, Quintana Roo, MX - 77710) Built

$228,125 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: Residential
Style: Single Story
Bedrooms: 1
Bathrooms: 1
Size: 818 sq. ft. "76.00 m²"
Development Level: Built
MLS #: PAP5119332

Description

Discover a unique opportunity in Cancun, the paradise destination par excellence! Our beautiful apartments adapt to your needs and offer you an unparalleled experience of architecture, innovation, and privacy in a harmonious urban environment. In our development, our main objective is to create comfortable and attractive spaces that provide an excellent quality of life for our residents.

LOCATION:
Located in Via Cumbres, the fastest-growing area of Cancun, on Av. Huayacan.

AMENITIES WITHIN VIA CUMBRES:
Enjoy a wide variety of amenities within Via Cumbres, designed to meet your needs and provide moments of entertainment and relaxation:
- Clubhouse: An exclusive space for residents' enjoyment.
- Elements Park: An extensive recreational area with gardens and water mirrors.
- Central Children's Park: A specially designed place for the little ones, with playgrounds and picnic areas.
- Shopping Center: Enjoy the convenience of having a variety of commercial options within reach.
- "Teen Sport" Park: An ideal space for teenagers, with sports courts and social areas.

AMENITIES WITHIN THE DEVELOPMENT:
In addition to the amenities within Via Cumbres, our development offers a series of exceptional features that will provide you with a luxurious and comfortable lifestyle:
- Swimming Pool: Refresh and relax in our beautiful pool.
- Jacuzzi: Enjoy moments of relaxation in our jacuzzi.
- BBQ Area: Share delicious outdoor meals in the BBQ area.
- Splash Pool: Have fun and cool off in the splash pool.
- Pool Bar: Enjoy refreshing drinks at our pool bar.
- Grill Area: Organize outdoor gatherings and enjoy the experience of grilling.
- Business Center: A dedicated space for your work and business activities.
- Covered Parking: We guarantee the security and comfort of your vehicles.
- Rooftop Garden: Enjoy breathtaking views from our rooftop garden.
- Storage Units: Additional storage spaces for your belongings.
- Double Security Filter: Your peace of mind is our priority, which is why we have a double security filter system.
- Closed Circuit: Constant surveillance to provide a safe environment.
- Garden with Children's Play Area: A safe and fun space for the little ones.

THE DEVELOPMENT:
- Apartments: We offer 48 luxury apartments distributed over 7 levels.

Attachments

View Listing Brochure

P2#565786241

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Information is deemed to be correct but not guaranteed.