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 Playa del Carmen Under $250K

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6 photos Polo 88, Suite PH, Coco Bay $250,000 USD City Playa del Carmen Size 105 sq. m. Style 3-Level Split Lot Size 105 sq. m. Type Condominium Built 2015 Bedrooms 2 Bathrooms 2 Listing Created 12-Feb-2016 Request More Info
44 photos SABBIA CONDOS 2 Bedroom en suite/ Beautiful in Playa del Carmen, Suite C202, Centro (Playa del Carmen) $249,000 USD City Playa del Carmen Size 1470 sq. ft. Style Apartment Type Recreational Built 2009 Bedrooms 2 Bathrooms 2 Half Bathrooms 1 Taxes $500 USD Condo Fee $195 USD Listing Created 11-Mar-2020 Request More Info
16 photos EMMA Y ELISSA CONDO BEACH FRONT, Suite 1 BEDROOMS 2nd. FLOOR St. FLAMINGOS, Ocean View "Ocean view for a life time!" $243,944 USD "BEST PRE-SALE PRICES EVER" City Playa del Carmen Size 674.14 sq. ft. Style Other Type Condominium Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 02-Mar-2020 Request More Info
16 photos EMMA Y ELISSA CONDO BEACH FRONT, Suite 1 BEDROOM 2nd. FLOOR St. FLAMINGOS, Ocean View "Ocean view for a life time!" $243,944 USD "BEST PRE-SALE PRICES EVER" City Playa del Carmen Size 674.14 sq. ft. Style Other Type Condominium Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 04-Mar-2020 Request More Info
17 photos EMMA Y ELISSA AMAZING CONDO, Suite 1 BEDROOM 2nd. FLOOR St. FLAMINGOS, Ocean View "Ocean view for a life time!" $243,944 USD "BEST PRE-SALE PRICES EVER" City Playa del Carmen Size 674.14 sq. ft. Style Other Type Condominium Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 02-Mar-2020 Request More Info
17 photos EMMA Y ELISSA CONDO LUXURY, Suite 1 BEDROOM 2nd. FLOOR St. FLAMINGOS, Ocean View "Ocean view for a life time!" $243,944 USD "BEST PRE-SALE PRICES EVER" City Playa del Carmen Size 674.14 sq. ft. Style Other Type Condominium Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 02-Mar-2020 Request More Info
17 photos EMMA Y ELISSA OCEAN VIEW, Suite 3 BEDROOMS POOL VIEW, Ocean View "Ocean view for a life time!" $243,944 USD "BEST PRE-SALE PRICES EVER" City Playa del Carmen Size 674.14 sq. ft. Style Single Story Type Condominium Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 02-Mar-2020 Request More Info
16 photos EMMA Y ELISSA AMAZING, Suite 1 BEDROOMS 2nd. FLOOR St. FLAMINGOS , Ocean View "Ocean view for a life time!" $243,905 USD "BEST PRE-SALE PRICES EVER" City Playa del Carmen Size 674.03 sq. ft. Style Other Type Condominium Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 02-Mar-2020 Request More Info
10 photos (New Construction) MARE, Suite PLAYA DEL CARMEN, Downtown Playa del Carmen "AMAZING LOCATION" $229,000 USD "PRESALE PRICES!!!" City Playa del Carmen Style Other Type Condominium Listing Created 18-Jul-2019 Request More Info
16 photos 20 Avenue and Street 14 bis, Suite ANAH SUITE 1 BEDROOM, Playa del Carmen $186,000 USD City Playa del Carmen Size 861 sq. ft. Style Single Story Type Residential Built 2012 Bedrooms 1 Bathrooms 1 Listing Created 16-Oct-2019 Request More Info
11 photos (New Construction) Residencial El Cielo Departamentos Estilo Colonial, El Cielo "Excellent option; Apartments Colonial, Nearby Beach, CLub Beach" $182,500 USD City Playa del Carmen Size 1560.76 sq. ft. Style Apartment Type Residential Built 2019 Bedrooms 2 Bathrooms 2 Listing Created 15-Nov-2019 Request More Info
6 photos Mar Condominio, Playa del Carmen, Selvamar $165,000 USD City Playa del Carmen Size 146 sq. m. Style Single Story Type Residential Built 2014 Bedrooms 2 Bathrooms 2 Condo Fee $1,800 USD Listing Created 26-Nov-2013 Request More Info
18 photos Exclusives Lots Residential Playa del Carmen, Playa del Carmen (Playa del Carmen) $89,100 USD City Playa del Carmen Size 3229.17 sq. ft. Style Single Story Type Residential Listing Created 24-Sep-2019 Request More Info
5 photos Commercial land next to the English School Playa del Carmen P1454, Playa del Carmen $250,000 USD City Playa del Carmen Size 2000 sq. m. Style Lot / Land Lot Size 2000 sq. m. Type Lots and Land Listing Created 03-Jun-2019 Request More Info
19 photos Playa del Carmen, Playacar Phase 2 "Resort Lifestyle" $250,000 USD "to $350 000" City Playacar Size 1615 sq. ft. Style Single Story Type Residential Built 2011 Bedrooms 2 Bathrooms 2 Listing Created 05-Jan-2012 Request More Info
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Properties in Playa del Carmen Under $250K