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

Residential Lot Mérida + BBQ area + Soccer field/tennis +Terrace for events+Pool+Gym+ Yoga room Conkal ( Yucatan, MX - 97305) Built

$68,937 USD

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Details

Residential Lot Mérida + BBQ area + Soccer field/tennis +Terrace for events+Pool+Gym+ Yoga room

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PLAYA REALTORS

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

Type: Residential
Style: Lot / Land
Size: 5,952 sq. ft. "553 m2"
Development Level: Built
MLS #: PLA4158470

Description

Live in a privileged place, surrounded by vegetation, in a 100% natural environment

It is a residential development with an area of ??11.3 hectares with 224 lots ranging from 250 to 600 m2 distributed in small clusters.

Primary and secondary concrete roads
Stools
Lighting
Drinking water network
Urbanization
Entrance to Cluster: Perimeter fence

AMENITIES

Linear trail / park throughout the entire development, fully wooded
Bicycle circuit
Childish games
BBQ area
Soccer field and paddle tennis
Club house
Terrace for events
Pool
Kindergarden
Equipped gym
Yoga room
Game cave gym
Swimming channel

PARKS

Skateboard park
Pet park
Rustic Park
Baby park
Tree house

LOCATION

The project is located in Valle Merida in cadastral plan 8725 in the municipality of Conkal Yucatán

The lifestyle your family deserves
Playa Realtors

Attachments

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Features

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Pasture

Appliances

Outdoor Grill

Sewer/Water Systems

Other

Lot Features

Clubhouse
Fenced Yard
Garden Area
Landscaped
Playground
Swimming Pool
Tennis Court

Extra Features

Fitness Center
Lobby
TV Security

P2#489899406

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Information is deemed to be correct but not guaranteed.

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