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

COMFORTABLE APARTMENT 3 BR| PUERTO AVENTURAS Puerto Aventuras ( Quintana Roo, MX - 77733) Built

$408,549 USD

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Details

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PLAYA REALTORS

Karina Sayed 984-186-5453 (Office) 855-894-2500 (Cell) Request More Info

Type: Residential
Style: Apartment
Bedrooms: 3
Bathrooms: 2
Size: 1,610 sq. ft. "149.58m2"
Development Level: Built
MLS #: PAP2994486

Description

The perfect combination of lifestyle: adventure, safety, elegance and comfort. Start the journey of your dreams by sailing the experience and falling in love with paradise.
Your destiny, your house!

An exclusive development of neoclassical architecture with contemporary touches that highlights the taste of its
simplicity, the purity of its architectural lines and columns that provide balance and beauty in its entirety.

Located in the safest residentialarea of the Riviera Maya: PuertoAventuras, where you can connect with nature & enjoy the incredibleprivate marina with access to theCaribbean Sea. Fall in love with its beautiful white sand beaches and its first class amenities.

- Swimming Pool
- Gym
- Yacht Club
- Restaurant
- Snack bar
- Cabanas
- Marina
- Kids Club
- Concierge
- Searay boat
- Jet Sky

Its perfect combination between colors and textures emanate a sense of peace and tranquility in which colors are inspired by the blue of the sea, the white of the clouds and earthy tones that make remembrance of the fine sand of the Caribbean.

Attachments

View Listing Brochure

Features

Cooling

Zoned

Lot Features

Boat Facilities
Clubhouse
Garden Area
Patio
Swimming Pool

Extra Features

Fitness Center
Lobby

P2#407835609

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Information is deemed to be correct but not guaranteed.