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
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 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 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
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 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
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
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 29-Jul-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
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
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
29 photos Palma Real, Suite 42, Playacar Phase 2 $250,000 USD City Playa del Carmen Size 150 sq. m. Style Bi-Level Lot Size 110 sq. m. Type Residential Bedrooms 2 Bathrooms 3 Half Bathrooms 1 Taxes $134 USD Condo Fee $110 USD Listing Created 22-Sep-2019 Request More Info
19 photos Infinito Playa del Carmen Condo For Sale, 1st. Ave adn 20th Street , Suite 105, Downtown Playa del Carmen "Golden Zone Playa del Carmen Ocean View From the Roof Garden" $250,000 USD "PRICED TO SELL!! Reduced from $265k" City Playa del Carmen Style Single Story Type Condominium Built 2010 Bedrooms 2 Bathrooms 2 Taxes $350 USD Condo Fee $215 USD Listing Created 25-Nov-2019 Request More Info
14 photos (New Construction) 10 AV PLAYA DEL CARMEN, QUINTANA ROO, Calle 44 entre 5a y 10 $250,000 USD "FAST DELIVER!" City Playa del Carmen Size 77 sq. ft. Style Single Story Lot Size 77 sq. m. Type Residential Built 2019 Bedrooms 2 Bathrooms 2 Condo Fee $50 USD Listing Created 28-Nov-2019 Request More Info
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Properties in Playa del Carmen Under $250K