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 Properties For Sale We are here for You and All your Real Estate Needs

Beach Front and Ocean View Properties in Playa del Carmen

SABBIA CONDOS 2 Bedroom in suite- facing the pool- Ground Floor- Super View and Light, Suite C101- Centro (Playa del Carmen, Quintana Roo, MX - 77710) Built

$285,000 USD

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SABBIA CONDOS 2 Bedroom in suite- facing the pool- Ground Floor- Super View and Light, Suite C101-

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PLAYA REALTORS

Karina Sayed +(52) 9841865453 (Office) +52 984 1121408 (Office) 1-877-379-0346 (Cell) Request More Info

TURN KEY PROPERTY: FURNISHED - EQUIPPED AND RENTED!!!!!!!
Type: Recreational
Style: Apartment
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 1
Garage: Single
Size: 448 sq. ft.
Development Level: Built
Lot Type: Rectangular
Suite: Yes
Taxes: $700.00 USD (2019)
Condo Fees: $197.00 USD

Description

MAGIC MOMENTS in a new boutique life style building to enjoy your little paradise in Playa del Carmen.
Sabbia Condos is the best condominium building in town.
From SABBIA it is easy to access to the beach (MAMITAS & KOOL Beach Clubs). The famous QUINTA AVENIDA with all its restaurants is only a few steps from Sabbia.
This building offers a huge and amazing pool with pool chairs and great common areas to enjoy the gardens. There is nothing like this building in the downtown area.
You also can do your workout at the gym or play pool in the game room. The game room is used as a media center as well. The building has an underground parking area.
Please don't hesitate to contact us.

Attachments

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Features

Interior Features

Ceiling Fan
Laundry Room

View

Canal

Lot Features

Swimming Pool

Extra Features

Balcony
Cable Available
Controlled Access
Covered Parking
Fitness Center
Furnished
Intercom
Lobby
Storage

P2#75122223

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Information is deemed to be correct but not guaranteed.

SABBIA CONDOS 2 Bedroom in suite- facing the pool- Ground Floor- Super View and Light, Suite C101- Centro (Playa del Carmen, Quintana Roo, MX - 77710) Built

PLAYA REALTORS