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

Apartment + amenities SKY LOUNGE, POOL ON TERRACE, JACUZZI Playa del Carmen Playa del Carmen ( Quintana Roo, MX - 77710) Built

$155,000 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: Residential
Style: Single Story
Bedrooms: 1
Bathrooms: 1
Size: 570 sq. ft. "53 m2"
Development Level: Built
Year Built: 2022
MLS #: PAP4180652

Description

Located on Calle 14 between Avenidas 30 and 35 in Playa del Carmen is this development.

Enjoy a quiet and quality life, with the relaxation that only the Caribbean can offer. It is the ideal paradise to enjoy the sunsets and be amazed at the beautiful beaches and nearby natural parks.

These apartments have been created so that their residents have a full and carefree life. The amenities provide comfort and privacy, in an extraordinary environment.

Live a dream life in the Riviera Maya!

MAIN FEATURES

1. Apartments with 1 and 2 bedrooms.
2. Privileged location in Playa del Carmen Q.Roo
3. Close to 5th avenue and main streets
4. 6 exclusive amenities
5. 80% SOLD
6. Investment from $109,000 USD
7. Ready for delivery and deed

AMENITIES

Veranto is surrounded by all the services necessary for daily life, such as supermarkets, banks, restaurants and quality shops. In addition, the apartment complex has 6 amenities for your comfort and safety.

Lobby
Elevators
Roof Top Pool
Jacuzzi
Sky lounge
Underground parking

Playa Realtors

Attachments

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Features

Interior Features

Ceiling Fan

View

Downtown
Panoramic

Cooling

Ceiling Fan
Zoned

Lot Features

Swimming Pool

Extra Features

Controlled Access
Fitness Center
Lobby
Reserved Parking

P2#492154215

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Information is deemed to be correct but not guaranteed.

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