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

Properties in Aldea Thai Playa del Carmen

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22 photos EMMA Y ELISSA BREATHTAKING VIEW, Suite 3 BED ROOM, LOCK OFF, BEACH FRONT, Aldea Thai (PAP2372856 / 418) "Ocean View for a lifetime!!!" $629,278 USD "Pre sales Prices, Don't Miss the Chance" City Playa del Carmen Size 1139.4 sq. ft. Style Single Story Type Residential Bedrooms 3 Bathrooms 3 Condo Fee $318 USD Request More Info
20 photos EMMA Y ELISSA GREAT APARTMENT , Suite 1 BED ROOM, C. 40, Aldea Thai (PCO21449 AP2372643 306 ) "Luxury and smart Comfort" $333,884 USD "Pre-sales Prices, Don't Miss the Chance" City Playa del Carmen Size 718.5 sq. ft. Style Single Story Type Residential Bedrooms 1 Bathrooms 1 Condo Fee $200 USD Request More Info
19 photos , Aldea Thai (Playa del Carmen) "Ocean View" $950,000 USD City Playa del Carmen Size 272 sq. m. Style Apartment Type Condominium Bedrooms 2 Bathrooms 2 Half Bathrooms 1 Request More Info
16 photos Playa del Carmen Ocean front condo, Aldea Thai "Rental income generater" $499,000 USD "Financing for nearly 50%" City Playa del Carmen Size 1400 sq. ft. Style Single Story Type Residential Bedrooms 2 Bathrooms 2 Taxes $160 USD Condo Fee $308 USD Request More Info
6 photos STUNNING CONDO OCEAN VIEWS ALDEA THAI PLAYA DEL CARMEN, Aldea Thai "2 STEPS TO THE FAMOUS MAMITAS BEACH - FULLY FURNISHED - LUXURY" $485,000 USD " FINANCING AVAILABLE" City Playa del Carmen Size 1400 sq. ft. Style Single Story Type Residential Built 2008 Bedrooms 2 Bathrooms 2 Condo Fee $280 USD Request More Info
19 photos Calle 28 Nte. S/N, Gonzalo Guerrero, 77710 Playa del Carmen, Q.R, Aldea Thai $430,000 USD City Playa del Carmen Size 1265 sq. ft. Style Single Story Type Residential Bedrooms 2 Bathrooms 2 Taxes $500 USD Condo Fee $400 USD Request More Info
9 photos COMMERCIAL SPACE SPACE WITH EXCELLENT LOCATION, Aldea Thai "Privileged location, great potential, excellent size, shopping mall with great reputation." $155,000 USD "Price just reduced to US$175,000 from US$250,000" City Playa del Carmen Size 94.42 sq. m. Style Commercial Type Commercial Bathrooms 1 Request More Info