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

Your Nirvana in and out, Beach within a few steps of your apartment, Suite Ground Floor #5 Playa del Carmen ( Quintana Roo, MX - 77710) Under Construction

$374,632 USD

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Details

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PLAYA REALTORS

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

"Presale Pricing Won't Last"
Type: Condominium
Style: Apartment
Bedrooms: 2
Bathrooms: 2
Size: 1,130 sq. ft. "105 M2"
Development Level: Under Construction
Suite: Potential
MLS #: PAP4053712

Description

The most stylish equity investment in Playa del Carmen is in, an exclusive Residence project that raises the standards of design, luxury and comfort in developments along the Riviera Maya.

Inside, a paradise awaits you with luxurious rooms and spaces that will not only take your breath away, they will make you think twice before leaving your home.

The location is great, the lifestyle you dreamed is in Playa del Carmen. By drawing the curtains in your room you will discover an exceptional natural and cultural setting. Located in the Golden Zone, steps from its beaches bathed in white sand, the amazing turquoise waters, and its iconic 5th Avenue, internationally recognized for its gastronomic and commercial diversity.

AMENITIES:

Restaurant

Infinity Pool

Fitness Center

Pool Bar

Parking lot

Multipurpose room

Enjoy it this Summer 2023!

Attachments

YOUR NIRVANA IN AND OUT, Beach within a few steps of your apartment

Features

Interior Features

Ceiling Fan

Roof

Built Up

View

Downtown
Panoramic
Woods

Sewer/Water Systems

Other

Lot Features

Garden Area
Gated Community
Patio
Swimming Pool

Extra Features

Pets Allowed
Public Transportation
Valet Parking

P2#479333863

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Information is deemed to be correct but not guaranteed.

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