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

Playa del Carmen, Playa Paraiso Playa Paraiso (Playa del Carmen, Quintana Roo, MX - 77710) Land Only

$14,000,000 USD

Seafront Boutique Hotel Investor Opportunity

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Details

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PLAYA REALTORS

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

Terreno para hotel boutique
Type: Commercial
Style: 2 Storey
Size: 2,802 sq. m. "30,149.52 Sq. Ft."
Development Level: Land Only
Lot Size: 3.041 acres n/a "12,306 490 Sq. Meters"
Suite: Potential

Description

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Terreno frente al mar en venta que consta de 5 villas que son 'Reparadores superiores' en un gran lote de 12,305.06 M2.
Esta propiedad aún tiene más espacio disponible para construir, Se pueden construir hasta 4 pisos.

Punta Esmeralda es una excelente ubicación con una bahía maravillosa y un santuario de los tortugas.
Las 5 villas construidas con terrazas y pasarelas llegan a una construcción total de 2.802 M2 de construcción realizada por Arq. Esquerro, conocido por el diseño del hotel Las Hadas en Manzanillo, sin embargo, necesitan una renovación.

Este gran lote frente a la playa se puede utilizar para desarrollo residencial y / o hotelero.
Contáctenos para obtener más información o para programar una cita de visualización.

ENGLISH
Beachfront land for sale which comprises of 5 villas that are 'Fixer uppers' or tear downs on a large lot of 12,305.06 M2.
This property still has more space available on which to build and one can build up to 4 floors.
Punta Esmeralda is a great location with a wonderful bay and Turtle nesting sanctuary.
The 5 built villas with terraces and walkways comes to a total construction of 2,802 M2 of construction carried out by Arq. Esquerro, known for the design of the Las Hadas hotel in Manzanillo, however they are in need of renovation.
This large beach front lot can be used for residential and/or hotel development.
Contact us for further information or to set up a viewing appointment.

Brokered and Advertised by : www.CoastalHomesRivieraMaya.com

Listing Agent: Deanna Strong

P2#477455196

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Information is deemed to be correct but not guaranteed.