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

LIVE IN PARADISE | INCREDIBLE 1BR APARTMENT | EXCLUSIVE AMENITIES | PLAYA DEL CARMEN Downtown Playa del Carmen (Playa del Carmen, Quintana Roo, MX - 77710) Under Construction

$94,998 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

Type: Condominium
Style: Apartment
Bedrooms: 1
Bathrooms: 1
Size: 1,067 sq. ft. "99.12m2"
Development Level: Under Construction
MLS #: PAP4896490

Description

Diseño contemporaneo con líneas bien definidas para lograr un diseño arquitectónico de gran elegancia.

Esta diseñado como un edificio de ciudad con el proposito de satisfacer la creciente demanda de la riviera maya, por dicho motivo contará con lobby de acceso, rooftop con área de co-working, gym, área de bar y piscina común.

Solo siete exclusivas unidades que cuentan con rooftop privado, con acceso directo desde el interior de las unidades.

• El año pasado, Quintana Roo registró más de 10 millones de visitantes, siendo la Riviera Maya su principal destino turístico, con un arribo promedio de más de 3 millones de turistas.
• Se espera que la demanda de vivienda media y económica tenga un aumento por el proyecto del Tren Maya, mismo que atraerá a la zona muchos empleados de alto nivel y mayor migración laboral.
• Quintana Roo es una de los estados con mayor incremento poblacional año con año.
• La demanda de vivienda está estrechamente relacionado con la migración laboral.

UBICACION:

Esta localizado sobre la av 75 esq con calle 36.

AMENIDADES:

- LOBBY
- GYM
- CO-WORKING
- ROOF TOP

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Tile

Exterior Finish

Cement
Concrete
Glass

Roof

Concrete

View

Downtown

Cooling

Ceiling Fan
Other

Sewer/Water Systems

Public

Lot Features

Deck
Fenced
Garage
Garden Area
Swimming Pool

Extra Features

Balcony
Controlled Access
Dock Available
Lobby
Security Guard on Duty

P2#552026683

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Information is deemed to be correct but not guaranteed.