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

ALDEA THAI 2 BEDROOM FACING REFLECTING POOL, Suite 126 Aldea Thai (Playa del Carmen, Quintana Roo, MX - 77710) Built

$390,000 USD

SPECIAL OFFER!! PRICED TO SELL

Request More Info

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PLAYA REALTORS

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

TURN KEY PROPERTY!!!
Type: Condominium
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Garage: Single, Attached
Size: 1,316 sq. ft. "122.17 m2"
Development Level: Built
Lot Type: Rectangular
Year Built: 2005
Taxes: $350.00 USD (2019)
Condo Fees: $332.00 USD
MLS #: PAP5461664

Description

COZY APARTMENT WITH REFLECTING POOL VIEW
Aldea Thai is a luxurious condominium complex that has capitalized on the richness of this destination and created a world where the senses are awakened to new experiences. Delight yourself with exquisite and relaxing surroundings. Live in a new dimension in the exclusiveness of its innovative installations, its spacious and luxurious units, enjoying the authentically personal hotel/residential service.
Aldea Thai features a grand entrance, lots of common areas and a fantastic pool area with bar and lounge chairs.
The Master Suite, comfortable and elegant, is designed to please even the most demanding tastes. With two independent bedrooms, this unit has a maximum capacity for 6 people.
You can enjoy the terrace with Reflecting pool view .

Attachments

Features

Interior Features

Ceiling Fan

Appliances

Freezer
Microwave
Refrigerator
Stove

Cooling

Central Air

Heating

Hot Water / Steam

Lot Features

RV Parking
Swimming Pool

Extra Features

Balcony
Cable Available
Central Elevator
Covered Parking
Furnished
Lobby
Storage
Valet Parking
Wheelchair Access

P2#76475714

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Information is deemed to be correct but not guaranteed.