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

3 Bedroom House-Gated Community-Beach Side Cancun Hotel Zone- + Service Room + unique location Hotel Zone (Cancun, Quintana Roo, MX - 77500) Built

$645,000 USD

Fully Renovated

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PLAYA REALTORS

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

Fully Equipped and Furnished, what you see is what you get
Type: Residential
Style: Single Story
Bedrooms: 3
Bathrooms: 3
Half Bathrooms: 2
Size: 331 sq. m. "3560 Sq.ft."
Development Level: Built
Lot Size: 364.54 sq. m.
Suite: Yes
Year Built: 2016
Taxes: $300.00 USD (2022)
Condo Fees: $150.00 USD
MLS #: PHO4557160

Description

Wake up to water views from the balcony off the master bedroom or soak them up on the first-floor porch. This three-bedroom water view house near the beach (only 3 blocks from the best beach in Cancun) is nestled in a quiet, more secluded area of the Hotel Zone in Cancun, just a short distance from both the pool and beach.

This private house has three diverse bedrooms, including a king-size, king-size and 2 queen-size, beds.

Amenities

Private entrance
Waterfront views and direct access to waterfront boardwalk
Fully equipped kitchen
Spacious living / dining area
42-inch flat screen TV
4.5 baths
Complimentary WiFi
Premium cable
Private laundry facilities
Air conditioning
Water views

Watch the sunset over the water from your master bedroom.

Cozy touches

Relax on the large sofa or in your bedroom, with whimsical painted furniture providing an effortless and homely touch.

Spacious private rooftop where you can enjoy a super huge outdoor.

Soak up the breath-taking view from your own private balcony, located off the master bedroom.

Attachments

View Listing Brochure

Highlights

If you are looking for a House in the heart of Cancun Hotel Zone, just steps from the best beach. This is the property. 3 Bedroom plus Room Service and Laundry Room.