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

1 BR DEPARTMENT - ROOFTOP OCEAN VIEW - LUXURY AMENITIES, Suite #104 - 1st floor Playa del Carmen ( Quintana Roo, MX - 77710) Built

$190,000 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: 538 sq. ft. "50 m2"
Development Level: Built
MLS #: PAP4246087

Description

ALL THE TIME WE ARE LOOKING FOR INSPIRATION, SOMETIMES WITHOUT THINKING ABOUT IT, WITHOUT BEING AWARE OF IT. BUT EVERY DAY
WHAT HAPPENS WE PROMOTE US WITH OUR INSPIRATION. IT'S WHAT MAKES OUR LIVES INTERESTING...AND FUN. AND THE
PLACE WHERE WE LIVE OUR EXPERIENCES MATTER. THAT'S WHY WE CREATED THIS SPACE FOR YOU TO DISCOVER YOUR GREATNESS.
DESIGNED FOR YOU TO GET THE BEST VERSION OF YOU IN A LOCATION THAT WILL STIMULATE YOUR SENSES,
SURROUNDED BY THE INCREDIBLE RIVIERA MAYA.
118 APARTMENTS FOR PEOPLE WHO WANT TO LIVE
ON YOUR OWN TERMS. BE ONE OF THEM.

GROUND FLOOR AMENITIES

SWIMMING POOL
JACUZZI
MANAGEMENT
GAME ROOM FOR CHILDREN
COMMERCIAL PREMISES OF 266 M2
ELEVATOR
LADDERS
PARKING LOT
ENTRANCE TO BASEMENT

ROOF TOP AMENITIES

ADULT AREA
GYM
SPA
SWIMMING POOL
PUB
JACUZZI
HIGH FLOOR OF
PENTHOUSES

LUXURY FACILITIES, DESIGNED FOR A MODERN LIFESTYLE, BECAUSE
INSPIRATION ALSO NEEDS COMFORT.

LOCATION
CORNER OF STREET 1 SOUTH AND AVENUE 15 SOUTH IN FRONT OF PASEO DEL CARMEN

Attachments

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Features

Lot Features

Garden Area
Gated Community
Swimming Pool

Extra Features

Balcony
Central Elevator
Controlled Access
Fitness Center
Lobby
Reserved Parking
Security Guard on Duty

P2#499501517

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Information is deemed to be correct but not guaranteed.

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