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
16 photos EMMA Y ELISSA AWESOME CONDO HOTEL BEACH FRONT , Suite 1 BED ROOM, C. FLAMINGOS, Calle Flamingos (PAP2368702 229) "Luxury and Smart Comfort!!" $243,944 USD "Pre-sakes Prices, Don't Miss the Chance" City Playa del Carmen Size 674.14 sq. ft. Style Single Story Type Residential Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 05-Apr-2020 Request More Info
17 photos EMMA Y ELISSA AMAZING CONDO HOTEL BEACH FRONT, Suite 1 BED ROOM, C. FLAMINGOS, calle 42 (PAP2368700 222) "The most unique COndo -Hotel Ever!!!" $243,944 USD "Best Location Ever" City Playa del Carmen Size 674.14 sq. ft. Style Single Story Type Residential Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 06-Apr-2020 Request More Info
16 photos EMMA Y ELISSA FORMIDABLE CONDO BEACH FRONT, Suite 1 BED ROOM, C. FLAMINGOS, Constituyentes (PAP2368696 220) "Best Location Ever!!" $243,944 USD "Luxury and Smart Comfort" City Playa del Carmen Size 674.14 sq. ft. Style Single Story Type Residential Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 05-Apr-2020 Request More Info
16 photos EMMA Y ELISSA GREAT CONDO BEACH FRONT, Suite 1 BED ROOM, C. FLAMINGOS, Gonzalo Guerrero (PAP2368692 218) "The Smartest Investment in Playa del Carmen" $243,944 USD "Luxury and Smart Comfort" City Playa del Carmen Size 674.14 sq. ft. Style Single Story Type Residential Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 06-Apr-2020 Request More Info
16 photos EMMA Y ELISSA AWESOME CONDO BEACH FRONT, Suite 1 BED ROOM, C. FLAMINGOS , Calle Flamingos (PAP2368687 216) "The most unique Condo-Hotel ever!!!" $243,905 USD "Pre-sales Prices, Don't Miss the Chance" City Playa del Carmen Size 674.03 sq. ft. Style Single Story Type Residential Bedrooms 1 Bathrooms 1 Condo Fee $188 USD Listing Created 07-Apr-2020 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 21-Sep-2020 Request More Info
9 photos GOLF DRIVE, Suite 112, Playacar Phase 2 "WATCH VIRTUAL TOUR ON 3D" $168,000 USD "Amazing amenities in a prime location" City Playa del Carmen Size 83 sq. m. Style 3 Story Type Condominium Built 2017 Bedrooms 2 Bathrooms 2 Taxes $200 USD Condo Fee $130 USD Listing Created 20-Sep-2020 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
6 photos Beautiful PH with large terrace equipped with Jacuzzi, 2 bd, 2 1/2 bth in Playa del carmen, Playa del Carmen $250,000 USD City Playa del Carmen Size 180 sq. m. Style Single Story Type Residential Bedrooms 2 Bathrooms 2 Half Bathrooms 1 Listing Created 07-May-2020 Request More Info
16 photos Local Infinito, Playa del Carmen $250,000 USD City Playa del Carmen Size 103 sq. m. Style Apartment Type Commercial Bathrooms 2 Taxes $2000 MXN Condo Fee $1,584 MXN Listing Created 16-Apr-2018 Request More Info
22 photos Lunada, Ave 20 y calle 38, Playa del Carmen, Centro, Solidaridad, Suite 401, Playa del Carmen "SOLD FULLY FURNISHED WITH SMART HOUSE SYSTEM" $250,000 USD "Just Reduced 30,000 USD!!! " City Playa del Carmen Size 1193.93 sq. ft. Style Single Story Type Condominium Built 2014 Bedrooms 2 Bathrooms 2 Half Bathrooms 1 Taxes $7006 MXN Condo Fee $3,000 MXN Listing Created 12-Oct-2020 Request More Info
12 photos FOR SALE Excellent mixed commercial lot of 2,691 ft2 on Constituyentes Av, Playa del Carmen P3196, Constituyentes (Av Constituyentes) $250,000 USD City Playa del Carmen Size 250 sq. m. Style Lot / Land Lot Size 250 sq. m. Type Lots and Land Listing Created 01-Jun-2020 Request More Info
13 photos INVITING DOWNTOWN CONDO, Centro "EXCLUSIVE DEVELOPMENT OF 50 APARTMENTS WITH QUALITY INSTALLATIONS AND FINISHES." $250,000 USD City Playa del Carmen Size 92 sq. m. Style 2 Storey Type Residential Bedrooms 2 Bathrooms 2 Listing Created 14-Apr-2020 Request More Info
20 photos (New Construction) 35 Avenida Norte entre Calle 14 Norte y Calle 12 Bis Norte, Centro, 77710 Playa del Carmen, Q.R., Centro $250,000 USD City Playa del Carmen Size 1517 sq. ft. Style Single Story Type Residential Built 2019 Bedrooms 2 Bathrooms 2 Taxes $275 USD Listing Created 08-Sep-2020 Request More Info
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Properties in Playa del Carmen Under $250K