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

The Elements 2 Bedroom Beach Front Apartment Zazil-ha (Playa del Carmen, Quintana Roo, MX - 77712) Built

$575,000 USD

What a Price!!!!!!!

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PLAYA REALTORS

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

Private Beach Club
Type: Residential
Style: Apartment
Bedrooms: 2
Bathrooms: 2 "1 half"
Garage: Single
Size: 1,399 sq. ft. "Aprox."
Development Level: Built
Lot Type: Rectangular
Suite: Yes
Year Built: 2009
Taxes: $700.00 USD (2019)
Condo Fees: $400.00 USD

Description

The department consists of 2 bedrooms, 2 bathrooms, fully equipped kitchen, dining room, satellite TV, DVD, laundry room and terrace with views to the huge pool and the Caribbean Sea. The main bedroom has pool views and beautiful custom-built furniture, a King Size bed, a closet, a safe and a private bathroom. The second bedroom has 2 queen Size beds, a closet and a private bathroom. The kitchen is fully equipped and provided with a dining room for 6 people and a very comfortable living room with satellite TV, DVD, a guest bathroom and a laundry room. The terrace consists of a breakfast bar for 6 people, 2 lounge chairs and a magnificent view to the condominium pool and the Caribbean Sea.

THIS CONDO HAS A UNIQUE LOCATION FACING THE CARIBBEAN SEA AND AT A SHORT WALK TO THE FAMOUS 5TH AVENUE IN PLAYA DEL CARMEN. IT IS ONE OF THE FEW CONDOMINIUMS HAVING A PRIVATE BEACH CLUB WITH PALAPAS, LOUNGE CHAIRS AND A SAND VOLLEYBALL COURT. A UNIQUE NEARLY OLYMPIC SIZE POOL WITH IMMACULATE GARDENS AND COMMON AREAS, OCEAN-VIEW FITNESS CENTER AND BUSINESS CENTER, 24 HOUR SECURITY, A MOTOR LOBBY AND CONCIERGE SERVICE TO PROVIDE HELP AND INFORMATION. THE CONDOMINIUM IS VERY WELL LOCATED AND AT A SHORT WALK TO THE FAMOUS 5TH AVENUE IN PLAYA DEL CARMEN (5 MINUTES WALK), WHERE YOU WILL FIND A WIDE VARIETY OF FAMOUS AND DELICIOUS RESTAURANTS, BARS, BEACH CLUBS, NIGHTCLUBS AS WELL AS A BOUTIQUES AND SOUVENIRS SHOPS.