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 3 BR APARTMENT AT GATED COMMUNITY | CORASOL | BEACH CLUB, POOL, GYM+ Punta Caracol (Playa del Carmen, Quintana Roo, MX - 77727) Built

$655,048 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: 3
Bathrooms: 3
Size: 2,411 sq. ft.
Development Level: Built
MLS #: PAP4335375

Description

LOCATION:

Within the Corasol Master Plan, a high-end residential area located on white sand beaches, with Cozumel just off the coast, surrounded by tropical jungle, natural beauty, security, tranquility, privacy and a spectacular climate almost perfect to enjoy the beach all year round.

The privileged location of this development allows you to be in the heart of the Riviera Maya. Just 30 minutes from Cancun International Airport and 5 minutes from the beautiful city of Playa del Carmen.

ATTRIBUTES

The relaxing and restorative effects of water are always at hand at Mareazul Beachfront Residences. Our pool is over 130 meters long and our beach frontage over 200 meters, with a wide variety of water and land activities throughout the day, including kite surfing, tennis, paddle boarding and swimming.

AMENITIES:
Over 200 m of beachfront.
Botanical Garden with Mayan Sculptures Gymnasium
Luxury Finishes
Tennis and Paddle Tennis Courts
Spacious Terraces with Private Jacuzzi
Magnificent Ocean and Garden Views
Golf Course
More than 3,000 m2 of swimming pool
Spa for Men and Women

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Stone

Exterior Finish

Concrete
Glass
Wood

Roof

Concrete

View

Ocean View
Panoramic
Park

Cooling

Ceiling Fan
Central Air

Sewer/Water Systems

Public

Lot Features

Clubhouse
Cul-de-sac
Gated Community
Multiple Garages
Patio
Swimming Pool
Tennis Court

Extra Features

Balcony
Central Elevator
Controlled Access
Covered Parking
Fitness Center
Lobby
Security Guard on Duty
Underground Sprinklers
Unfurnished

P2#510065858

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Information is deemed to be correct but not guaranteed.

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