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

2 br Puerto Morelos ON THE ONLY ACCES TO BEACH + near Playa del Carmen + near Cancun airport Puerto Morelos ( Quintana Roo, MX - 77710) Under Construction

$230,182 USD

Great investment opportunity

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Details

2 br Puerto Morelos ON THE ONLY ACCES TO BEACH + near Playa del Carmen + near Cancun airport

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PLAYA REALTORS

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

Calm and closeness
Type: Residential
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Size: 232 sq. ft.
Development Level: Under Construction
Year Built: 2022
MLS #: PPH4139200

Description

PUERTO MORELOS

It is a port city on the coast of the Caribbe- an Mexico. It is located between Cancun and Playa del Carmen in the Riviera Maya.

The only place in the northern area of Quintana Roo that retains part of its original character of the fishing village. The Puerto Morelos Reef National Park has many dive sites on the coast. Turtles nest on the beaches of its coast. Definitely it is a place known for the tranquility and natural contact that can be appreciated.

It is located at a strategic point of the area, a few meters from the Caribbean Sea, which is so far the only way to the beach and the perfect way to find exotic restaurants, magical cenotes and majestic pyramidsthrough a peaceful bicycle tour.A few steps from the Caribbean Sea

5 minutes from the commercial area-restaurants

30 minutes from Playa del Carmen

25 minutes from the Cancun Airport

LESS THAN 1 KM AWAY WALKING FROM THE ACCESS TO THE CARIBBEAN SEA

A M ENI TIES

ROOF TOP
SUNDECK
ELEVATOR
BBQ
SECURITY

Welcome to your new life.
Playa Realtors

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan
Laminate Floors

Exterior Finish

Cement
Concrete
Glass
Log
Wood

Roof

Built Up
Composition

View

Forest

Cooling

Ceiling Fan
Other

Heating

Other

Sewer/Water Systems

Other
Public

Extra Features

Balcony
Cable Available
Controlled Access
Lobby
Security Guard on Duty

P2#486667193

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Information is deemed to be correct but not guaranteed.

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