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

SAFE AND EXCLUSIVE CONDOMINIUM FOR SALE CANCUN, Suite 21 Cancun Hotel Zone ( Quintana Roo, MX ) Built

$242,500 USD

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Details

SAFE AND EXCLUSIVE CONDOMINIUM FOR SALE CANCUN, Suite 21

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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: 2
Bathrooms: 2
Size: 361 sq. ft.
Development Level: Built
Year Built: 2020
MLS #: PPH4131505

Description

Safety, Style and Avant-garde

Condominiums designed for your well-being and safety, betting on architectural and housing exclusivity in Cancun.

With close access to the main schools, shopping and entertainment centers.

Each space has been designed to have a family life, by offering large recreation areas and extraordinary amenities.
Meet our set of condominiums, in it you will enjoy wide spaces and extraordinary amenities. EXCLUSIVITY, CUTTING EDGE AND STYLE in one place. Live the experience!

Las Perlas beach 5 minutes away.

Condominium description

Kitchen
Living room
Dining room
Laundry
1 master bedroom with bathroom and dressroom
1 secondary bedroom
1 bathroom
2 parking spaces
Maid's room with bathroom
TV room
Terrace

Extraordinary amenities that reflect a modern lifestyle with its comfortable spaces.

Deli
Aesthetics and Spa
Events room
Collaborative work
Social room
Sun deck
Playroom
Gym and Fitness
Place for pets
Pool and wading pool
Paddle tennis courts
Terrace and sports terrace
Large green areas
Jogging track

The privilege of having everything in one place
Playa Realtors

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Marble Floors

Exterior Finish

Brick
Cement
Marble/Granite

Roof

Built Up
Other

View

Ocean View
Panoramic

Appliances

Hood Fan
Stove

Cooling

Other

Heating

Other

Sewer/Water Systems

Other
Public

Lot Features

Deck
Garden Area
Landscaped
Playground
Swimming Pool

Extra Features

Balcony
Central Elevator
Controlled Access
Fitness Center
Lobby
Reserved Parking
Unfurnished

P2#485215192

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Information is deemed to be correct but not guaranteed.

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