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

SANTA LUCIA EDIFICIO COMERCIAL (VL-1017) Centro (Merida, Yucatan, MX ) Built

$15,900,000 MXN

Request More Info

Email Listing
Schedule A Showing
Virtual Tour
Mortgage Calculator

Details

Photos Map

PLAYA REALTORS

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

Type: Commercial
Style: Single Story
Half Bathrooms: 4
Garage: 12-Stalls
Size: 433 sq. m.
Development Level: Built
Lot Size: 578 sq. m. 9m x 62m
MLS #: VL-1017

Description

CÓDIGO VL-1017

INCREIBLE UBICACIÓN POR ESTE EDIFICIO EN CALLE PRINCIPAL DE MERIDA

TAN SOLO 50M DE SANTA LUCIA

PLANTA BAJA CUENTA CON AMPLIA ZONA IDEAL PARA BOUTIQUE O NEGOCIO, 2 MEDIOS BAÑOS, AREA PARA BODEGAS Y ESTACIONAMIENTO X 12 AUTOS

EL SEGUNDO PISO CUENTA CON AMPLIA ZONA PARA OFICINAS Y SALAS DE JUNTAS, 2 MEDIOS BAÑOS, AREA CON COCINETA Y BALCON CON VISTA A LA HERMOSA CALLE PRINCIPAL

Attachments

View Listing Brochure

Brokered and Advertised by : GRUPO INMOFLO

Listing Agent: ALEXANDRE SANDEVOIR

P2#430791693

top

Information is deemed to be correct but not guaranteed.

The best place to invest Learn more about retire in the paradise

Write us through the following form

SANTA LUCIA EDIFICIO COMERCIAL (VL-1017) Centro (Merida, Yucatan, MX ) Built

PLAYA REALTORS

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

Description

Attachments

The best place to invest
Learn more about retire in the paradise