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

AMAZING PENTHOUSE|3 BED| AMENITIES -STEPS TO BEACH- 38th st & Flamingos Av, Suite 501 Miranda (Playa del Carmen, Quintana Roo, MX - 77720) Built

$1,144,900 USD

LAST PH-OCEAN VIEW

Request More Info

Photos Map

PLAYA REALTORS

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

Type: Residential
Style: 5-Level Split
Bedrooms: 3
Bathrooms: 3
Half Bathrooms: 2
Size: 1,057 sq. ft.
Development Level: Built
Suite: Yes
Year Built: 2018
MLS #: AP2537482

Description

Miranda it’s paradise home, the new chic beach condo life style in Playa del Carmen located in downtown at a short walk to the famous 5th Avenue and 50 steps to the beach access.
Miranda is composed of 78 condos strategically located in the building with a view from upper floors which peak is the beautiful roof common terrace and pool, special place where to enjoy an amazing Caribbean ocean view.

EQUIPMENT:

* Full Kitchen
* AC
* Closets
* Ceiling Fans
* Terrace
* Spacious and bright living & dining room

HIGH-END FINISHES

* Marble and Granite countertop
* Luxury floors and finishes

BUILDING AMENITIES:

* RoofPool & jacuzzi with Ocean View
* Sky-Bar
* Free WI-Fi available on common areas
* Controlled access
* Lobby & Concierge Service
* Gym
* Elevator
* Security 24/7
* Parking spot

____________________________________________________________________

Miranda es el nuevo life-style de Playa del Carmen ubicado a pocos pasos de la famosa Quinta Avenida y a 50 metros del acceso a la playa. Miranda se compone de 78 unidades de diferentes metrajes estratégicamente ubicados en el edificio que desembocan en la hermosa azotea con vista directa a las cristalinas aguas del mar Caribe.

EQUIPAMIENTO:
* Cocina integral
* Aa
* Closets
* Ventiladores de techo
* Amplias y confortables terrazas
* Amplia y luminosa sala de estar y comedor

ACABADOS DE ALTA GAMA:
* Cubiertas de marmol y granito
* Pisos y acabados de lujo

AMENIDADES DEL CONDOMINIO:
* Alberca con jacuzzi con vista al mar Caribe
* Sky-Bar
* Acceso controlado
* Conexión WI-Fi gratuita en áreas comunes
* Servicio de Recepción y Conserjería
* Gimnasio
* Elevador
* Seguridad 24 hrs
* Estacionamiento