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

THE BEST APT (2BR) IN COZUMEL, DEVELOPMENT WITH OCEAN VIEW AND AMENITIES + Cozumel ( Quintana Roo, MX ) Built

$475,000 USD

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Details

THE BEST APT (2BR) IN COZUMEL, DEVELOPMENT WITH OCEAN VIEW AND AMENITIES +

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PLAYA REALTORS

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

Type: Condominium
Style: Apartment
Bedrooms: 2
Bathrooms: 2
Size: 2,053 sq. ft. "190.7"
Development Level: Built
MLS #: PAP4336655

Description

Your Ocean fron dream.

Strategically located, this development has access to multiple services, highways and just 15 minutes away from the Cozumel International Airport, you can avoid or cross the town of San Miguel Cozumel, the oldest tourist town in the region and currently considered the point of largest urbanization on the Island.

Through large terraces a smooth transition is created between the intimacy of the condominium and the majestic view of the natural environment of the area. The precise use of space makes the two condominiums located on each floor of the tower identical, that with dynamics and movement there is great intimacy between one condominium and another creating a relaxing and satisfactory atmosphere for the user.

AMENITIES:

ELEVATOR
PARKING SPACE
POOL WITH JACUZZI
LOUNGE-T.V. -BAR
PADDLE
TENNIS
STORAGE AREA
ROOFTOP - GRILL
GYM
GREEN AREAS
SPECTACULAR TERRACES

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Tile

Exterior Finish

Concrete
Glass

View

City Lights
Ocean View

Cooling

Ceiling Fan
Other

Sewer/Water Systems

Public

Lot Features

Gated Community
Swimming Pool
Tennis Court

Extra Features

Balcony
Central Elevator
Controlled Access
Fitness Center
Lobby
Security Guard on Duty

P2#510568070

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Information is deemed to be correct but not guaranteed.

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