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

EXTRAORDINARY 2 BEDROOM APARTMENT |PRIVILEGED LOCATION | ROOFTOP TERRACE | ONLY 9 APARTMENTS, Suite 103 Downtown Playa del Carmen (Playa del Carmen, Quintana Roo, MX - 77710) Built

$355,000 USD

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PLAYA REALTORS

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

Type: Residential
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Size: 147 sq. m. "1582.29 sqft"
Development Level: Built
Year Built: 2015
MLS #: KAP1984417

Description

This stunning apartment in DOCA Playa del Carmen offers the perfect blend of luxury, comfort, and convenience. With 2 bedrooms and 2 bathrooms, spanning over an expansive area of 146 square meters, this residence provides ample space for relaxation and entertainment.

One of the highlights of this apartment is the inviting swimming pool and jacuzzi, where residents can indulge in a refreshing dip or unwind after a long day. The panoramic views from the apartment offer breathtaking vistas, allowing residents to immerse themselves in the beauty of the surrounding area.

Situated close to the mesmerizing Caribbean Sea, this apartment offers easy access to the beach, allowing residents to enjoy the sun, sand, and surf. The convenience of included parking ensures that residents can easily
park their vehicles without any hassle.

Safety is a top priority in this residence, with 24/7 security provided to ensure the well-being of all residents. The privileged location of the apartment, just a few steps away from the famous 5th Avenue, presents a myriad of dining options, trendy clothing stores, and supermarkets, offering a vibrant and dynamic lifestyle.

The apartment features two spacious bedrooms that provide a comfortable and inviting retreat for residents. Each bedroom is thoughtfully designed with tasteful decor and ample natural light, creating a warm and cozy ambiance.

The master bedroom boasts a generous size, offering a peaceful sanctuary for relaxation. It features a plush queen-sized bed, perfect for a restful night's sleep. The room also includes a private ensuite bathroom, complete with modern fixtures and a luxurious shower.

The second bedroom is equally well-appointed and presents a soothing atmosphere. It is furnished with two beds, ideal for accommodating guests or additional family members. Guests can enjoy their own privacy with easy access to the adjacent bathroom, which is equipped with all the necessary amenities.

Both bedrooms are equipped with air conditioning to ensure a comfortable temperature throughout the year. Ample closet space is available in each room, allowing residents to store their belongings conveniently.

Whether it's enjoying a good night's sleep or unwinding after a day of exploring the vibrant city, these well-designed bedrooms provide a peaceful haven for residents to recharge and relax.

What sets this apartment apart is the exclusivity it offers, with only 9 units in the entire DOCA complex. This creates a sense of privacy and tranquility, making it an ideal choice for those seeking a serene living environment.

Experience the epitome of coastal living in this remarkable apartment in DOCA Playa del Carmen.