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 Completely Renovated with private pool- BEST LOCATION, Suite 236 Centro (Playa del Carmen, Quintana Roo, MX - 77710) Built

$599,000 USD

Reduced!!!!!!!! PRIVATE HUGE POOL facing Calle 28

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PLAYA REALTORS

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

Completely renovated / High ROI/ Great Amenities
Type: Recreational
Style: Apartment
Bedrooms: 2
Bathrooms: 2
Garage: Single, Attached
Size: 2,906 sq. ft. "1464 sf. interior + 1442 sf. terrace "
Development Level: Built
Lot Type: Rectangular
Suite: Yes
Year Built: 2007
Taxes: $800.00 USD (2022)
Condo Fees: $680.00 USD
MLS #: KAP1984348
Basement: No

Description

GORGEOUS APARTMENT WITH ENORMOUS TERRACE & PRIVATE POOL

Swimming Pool Level, corner unit (facing 26th Street). 2 bedroom / 2 bathroom with approx. 269.81 M2. Has Ocean View, has a private pool
SIGNATURE OCEAN VIEW APARTMENT
Designed for elegance and convenience, Aldea Thai delivers the sophistication of the Thai- Balinese Style coverted in luxury destinations.
Located off Mamitas & Kool Beach Clubes, Playa Del Carmen’s most desirable location. A Thai-Balinese style infinity resort pool. The Ocean Plaza with 30 Commercial locations, including signature restaurants and boutiques.
Professionally designed furnishings and interiors – Total Project * Group. A private plunge pool overlooking the Caribbean Ocean is the focal point of this spectacular 2 bedroom home in the center of Playa del Carmen, overlooking the the most popular beaches in town. If you are looking for spectacular, Aldea Thai is your choice!
Aldea Thai features a grand entrance, lots of common areas and a fantastic pool area with bar and lounge chairs.

It’s a corner unit facing 26th street and with ocean view from the private pool.
This condo is one of the few condos that have an ocean view as well as a private plunge pool on the terrace. The condo is beachfront and only 1 short block from the famous 5th Ave.

A huge 2 bedrooms / 2 bathrooms condo with 1 King size bed + 2 Queen size beds, perfect for 6 people. This amazing condo has a private plunge pool in the terrace, overlooking the ocean
The private plunge pool on the large terrace can be used as a jacuzzi at night under the stars overlooking the twinkling lights of Cozumel or used as a private swimming pool to cool off during the day.
The living room is extremely comfortable with a beautiful L shaped couch that opens up to a wide, large terrace with sitting area and a private pool/jacuzzi for entertaining. Watch the ocean at sunset with a glass of wine or a good.

MONTLY HOA FEE $584 USD