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

BEAUTIFUL PENTHOUSE COMPLETED RENOVATED|2 BED.| Playa del Carmen| Quintana Roo Playa del Carmen ( Quintana Roo, MX - 77710) Built

$249,500 USD

JUST LISTED- NEW IN THE MARKET

Request More Info

Details

BEAUTIFUL PENTHOUSE COMPLETED RENOVATED|2 BED.| Playa del Carmen| Quintana Roo

Photos Map

PLAYA REALTORS

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

Third Bedroom could be added - we have floor plans and permission
Type: Residential
Style: 2 Story
Bedrooms: 2
Bathrooms: 2
Garage: Single, Detached
Size: 427 sq. ft. "130 m2"
Development Level: Built
Suite: Yes
Year Built: 2012 "Just few blocks from best beach in Playacar Phase I"
Taxes: $350.00 USD (2021)
Condo Fees: $170.00 USD
MLS #: PAP3141741

Description

Beautiful Penthouse unit available here with private rooftop terrace, private Jacuzzi and Spectacular terrace when you can enjoy a quiet breakfast or beat the afternoon sun. Access to the condo private courtyard.

You can enjoy the rooftop with jacuzzi view a beautiful outdoor patio furniture.

COMPLEX:

• Parking space

• Solarium

• Pool

• Security 24 hs

BEACH PLAYACAR PHASE I NEARBY

APARTMENT:

• 1 KING SIZE BED & 2 DOUBLE BEDS

• FULLY FURNISHED

• FULLY EQUIPPED (ALL LINEN AND TOWELS)

• FLAT SCREEN HDTV

• BBQ

• SAFE BOX

• CEILING FANS

•SKY SATELLITAL

• DVD

• FULLY EQUIPPED KITCHEN (BLENDER- COFFE MAKER - MICROWAVE - REFRIGERATOR- TOASTER) - 2 KITCHEN

• WATER HEATER

• MINISPLITS AIR CONDITIONING

• OUTDOOR DINING-ROOM

• FREE WIRELESS INTERNET IN THE CONDO

Attachments

View Listing Brochure

Highlights

special Offer

Features

Interior Features

Ceiling Fan
Laundry Room

Roof

Concrete

View

City Lights
Downtown

Appliances

Microwave
Refrigerator
Stove
Washer/Dryer Hookup

Cooling

Other

Sewer/Water Systems

Public

Lot Features

Swimming Pool

Extra Features

Balcony
Controlled Access
Covered Parking
Furnished
High Speed Internet Available
Pets Allowed
Reserved Parking
Satellite Dish
Security Guard on Duty
Wheelchair Access

P2#413127593

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Information is deemed to be correct but not guaranteed.

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