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

IT'S YOUR TIME NOW | THE BEST LOT | LUXURY AMENITIES | PLAYA DEL CARMEN Ciudad Mayakoba (Playa del Carmen, Quintana Roo, MX - 77715) Land Only

$405,000 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: Lots and Land
Style: Single Story
Size: 1,246 sq. ft. "115.79"
Development Level: Land Only
MLS #: PLA5183016

Description

THE MAYAN RIVIERA

Located in the Yucatan Peninsula, with more than 210 kms. long in the southeast of Mexico, it is the main tourist destination in the country and one of the most important in the world.

The Riviera Maya possesses a special magic by combining the Mayan cultural heritage and archaeological sites, with the imposing jungle and the turquoise sea resting on white sand beaches.

In the heart of the Riviera, we find Playa del Carmen, an emblematic city that used to be a fishing village to become today one of the fastest growing and most valuable cities in the country, a leader in the tourism sector being home to both art and entertainment, as well as the gastronomic industry, galleries, recreation centers and imposing real estate developments.

LOCATION:

30 minutes from Cancun's international airport and 7 kms. from Playa del Carmen, is Ciudad Mayakoba, a comprehensive, planned and sustainable community covering 509 hectares, in the fastest growing and most valuable area and offering 32% natural conservation.

AMENITIES:

SEMI-OLYMPIC
TENNIS COURTS
PADDLE TENNIS COURTS
FITNESS CENTER
KIDS POOL
ASOLEADEROS
GREEN AREAS
NATURE TRAILS
PLUNGE POOL
CYCLING TRACK
MULTIPURPOSE ROOM
GAME ROOM
CONVENIENCE STORE
ROOF GARDEN
JOGGING TRACK
CHILDREN'S PLAYGROUND
KIDS CLUB
DELI CAFETERIA
MASSAGE BOOTH
PALAPAS TABLE GAMES ROOM
YOGA DECK
TERRACES

Attachments

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Features

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Downtown

Sewer/Water Systems

Public

Lot Features

Fenced
Garage
Garden Area
Gated Community
Swimming Pool

Extra Features

Controlled Access
Dock Available
Reserved Parking
Security Guard on Duty

P2#569087901

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Information is deemed to be correct but not guaranteed.