Question 1

Can foreigners really own property in Mexico?

Accepted Answer

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.

Question 2

Can I get financing for my real estate purchase in Mexico?

Accepted Answer

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.

Question 3

What about the availability of title insurance?

Accepted Answer

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.

Question 4

What can I expect to pay in property taxes?

Accepted Answer

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.

Question 5

Who will manage my property when I am not using it?

Accepted Answer

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.

Question 6

Why should I consider buying property in Mexico?

Accepted Answer

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

Photo	Price	Address	Neighborhood	Beds	Size	City	Built	Baths	Half Baths	Development Level
23 photos	$1,547,025 USD	PUERTO CANCUN, OCEAN VIEW, MARINA VIEW, GOLF COURSE VIEW, BEACH CLUB , Suite PENTHOUSE 3 BED ROOM, THE MARINE, MALL, KAYAK CLUB	Puerto Cancun	3	4,441 sq. ft.	Puerto Cancun	2020	4	1	Under Construction
24 photos	$849,528 USD	PUERTO CANCUN, OCEAN VIEW, MARINA VIEW, Suite 3BED ROOM, GOLF COURSE VIEW, PADE, SOCCER \|	puerto cancun	3	2,047 sq. ft.	Cancun Hotel Zone		4	1	Under Construction
77 photos	$469,000 USD	SABBIA CONDOS- PENTHOUSE, Suite D401	Centro	3	1,792 sq. ft.	Playa del Carmen	2009	3	1	Built
44 photos	$345,000 USD	2 Bedroom Beautiful Condo in Mamitas Beach Area, 1/2 block 5thAvenue close to everything, Suite 103	Playa del Carmen	2	1,577 sq. ft.	Playa del Carmen	2012	2		Built
43 photos	$265,000 USD	Sabbia 2 Bedroom- Nice Decor, Suite 4306	Centro	2 All bedrooms in suite	115 sq. m."Super Spacious Living Room and Dining Room"	Playa del Carmen		2	1	Built

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