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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7 photos Polo 88, Suite PH, Coco Bay $250,000 USD City Playa del Carmen Size 105 sq. m. Style 3-Level Split Type Condominium Built 2015 Bedrooms 2 Bathrooms 2 Request More Info
17 photos MODERN HOUSE - 3 BR. RESIDENTIAL DEVELOPMENT - LUXURY AMENITIES - PLAYA DEL CARMEN, Suite 11, Playa del Carmen $235,697 USD City Playa del Carmen Size 1732.99 sq. ft. Style Single Story Type Residential Bedrooms 3 Bathrooms 2 Request More Info
33 photos Penthouse 2 Bedroom but you can upgrade to 3 bedroom. Close to the best Beach in Playa del Carmen, Playa del Carmen "Third Bedroom could be added - we have floor plans and permission" $219,000 USD "JUST LISTED- NEW IN THE MARKET- priced to sell" City Playa del Carmen Size 1399 sq. ft. Style 2 Story Type Recreational Built 2012 Bedrooms 2 Bathrooms 2 Condo Fee $170 USD Request More Info
14 photos (New Construction) EXCELLENT LOCATION AND LARGE SPACES in 1BED APARTMENT. in PLAYACAR PHASE 1, Playacar Phase 1 $208,900 USD City Playa del Carmen Size 828 sq. ft. Style Single Story Type Residential Built 2020 Bedrooms 1 Bathrooms 1 Half Bathrooms 1 Request More Info
16 photos APARTMENT- 1BED. - ROOFTOP SEA VIEW AND SHOPPING CENTER -IN THE FAMOUS 5TH AVENUE- PLAYA DEL CARMEN, Playa del Carmen $200,000 USD City Playa del Carmen Size 624.307 sq. ft. Style Single Story Type Condominium Bedrooms 1 Bathrooms 1 Half Bathrooms 1 Request More Info
11 photos LAND\|BEAUTIFUL RESIDENTIAL\|Playa Paraíso\| Quintana Roo, Playa Paraiso $199,000 USD City Playa del Carmen Size 4305.56 sq. ft. Style Single Story Type Residential Request More Info
11 photos AMAZING APARTMENT ON 5th AVENUE- 1 BED. - EQUIPPED AND FURNISHED- PLAYA DEL CARMEN, Colosio $198,758 USD City Playa del Carmen Size 623.01 sq. ft. Style Single Story Type Condominium Bedrooms 1 Bathrooms 1 Request More Info
15 photos YOUR IDEAL APARTMENT- 1 BED. -ROOFTOP WITH SEA VIEW- IN THE FAMOUS 5TH AVENUE- PLAYA DEL CARMEN, Playa del Carmen $195,000 USD City Playa del Carmen Size 667.362 sq. ft. Style Single Story Type Condominium Bedrooms 1 Bathrooms 1 Request More Info
16 photos APARTMENT IN LUXURY CONDOMINIUM- 3 BEDROOMS.- PLAYA DEL CARMEN, Suite 305 E, Playa del Carmen $190,769 USD City Playa del Carmen Size 1339.03 sq. ft. Style Single Story Type Condominium Bedrooms 3 Bathrooms 2 Request More Info
8 photos STUDIO PENTHOUSE - ROOFTOP SEA VIEW - FURNISHED AND EQUIPPED- IN THE HEART OF PLAYA DEL CARMEN, Suite 501, Playa del Carmen $190,000 USD City Playa del Carmen Size 893.4 sq. ft. Style Single Story Type Condominium Bedrooms 1 Bathrooms 1 Request More Info
13 photos (New Construction) MODERN AND LUXURY-APARTMENT- 1BED.- PLAYA DEL CARMEN- QUINTANA ROO, Centro $185,250 USD City Playa del Carmen Size 657 sq. ft. Style Single Story Type Residential Bedrooms 1 Bathrooms 1 Request More Info
10 photos APARTMENT 1 BED.- FURNISHED AND ROOFTOP WITH AMENITIES- PLAYA DEL CARMEN, Playa del Carmen $184,800 USD City Playa del Carmen Size 501.81 sq. ft. Style Single Story Type Condominium Bedrooms 1 Bathrooms 1 Request More Info
15 photos APARTMENT - 1 BED. AND TERRACE - FULLY EQUIPPED- IN PLAYA DEL CARMEN DOWNTOWN, Downtown $184,000 USD City Playa del Carmen Size 648.84 sq. ft. Style Single Story Type Condominium Bedrooms 1 Bathrooms 1 Request More Info
8 photos INCREDIBLE LOFT THE FIVES- EXCELLENT LOCATION IN PLAYA DEL CARMEN, Playa del Carmen $169,900 USD City Playa del Carmen Size 464.67 sq. ft. Style Single Story Type Condominium Bedrooms 1 Bathrooms 1 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 Request More Info
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Properties in Playa del Carmen Under $250K