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

Amazing PH close to the beach for sale in Holbox Paradise, Suite 303 Isla Holbox (Holbox, Quintana Roo, MX - 77310) Under Construction

$592,885 USD

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Details

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PLAYA REALTORS

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

Type: Residential
Style: Apartment
Bedrooms: 3
Bathrooms: 3
Size: 1,905 sq. ft.
Development Level: Under Construction
MLS #: MRLHOL03

Description

Marvellous PH on the.3rd. Floor, of 3 bedroomsm 3 full bathroom, kitchen, living room, dining room, washing center and balcony. Second Floor with private roof top, social area, pool and deck. in an amazing complex located close to the best beach clubs and restaurants of this beautiful and heavenly island.

Holbox is considered the most beautiful island of the Riviera Maya.
From the greatness of the sea and the legacy of the Mayan Culture, this elements inspired this architectural project with the best of two worlds.

Located in the East Coast of the Island, this unique opportunity offers proximity to the best restaurants, bars and beach clubs.

19 Apartments just a few steps from the Caribbean Sea.

Amenities:
Pool on the ground level
Roof top with Pool
Social areas with grill
Yoga area

Attachments

View Listing Brochure

Highlights

Marvellous PH on the.3rd. Floor, of 3 bedrooms,3 full bathroom, kitchen, living room, dining room, washing center and balcony.
Second Floor with private roof top, social area, pool and deck. in an amazing complex located close to the best beach clubs and restaurants of this beautiful and heavenly island.
Holbox is considered the most beautiful island of the Riviera Maya.
From the greatness of the sea and the legacy of the Mayan Culture, this elements inspired this architectural project with the best of two worlds.
Located in the East Coast of the Island, this unique opportunity offers proximity to the best restaurants, bars and beach clubs.
19 Apartments just a few steps from the Caribbean Sea. Amenities: Pool on the ground level Roof top with Pool Social areas with grill Yoga area
Prices of this development may change at any time without further notice

Features

Interior Features

Ceiling Fan
Kitchen Island
Laundry Room
Skylights
Stone
Window Covers

Exterior Finish

Concrete
Stone
Wood-Stucco

Roof

Concrete

View

Water Front

Appliances

Oven Range
Recirculating Hot Water
Stove

Cooling

3+ Window / Wall Unit

Heating

Electric Baseboard

Sewer/Water Systems

Public

Lot Features

Deck
Garden Area
Gated Community
Swimming Pool
Trees / Shrubs

Extra Features

Balcony
Fitness Center

Brokered and Advertised by : MEXICO REALTY LIVING

Listing Agent: Mary Serrano

P2#540736697

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Information is deemed to be correct but not guaranteed.

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