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

INFINITO 104 APARTMENT 2 BEDROOM- playa del carmen, Suite 104 Gonzalo Guerrero ( Quintana Roo, MX - 77710) Built

$245,000 USD

Reduced!! priced to sell

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INFINITO 104 APARTMENT 2 BEDROOM- playa del carmen, Suite 104

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PLAYA REALTORS

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

Type: Condominium
Style: 3 Story
Bedrooms: 2
Bathrooms: 2
Size: 100 sq. m.
Development Level: Built
Lot Type: Rectangular
Lot Size: 100 sq. m.
MLS #: PAP2245003

Description

Infinito is rigth on the hearth of the italian´s section in playa del carmen, near to the Famous 5th AVENUE, and walking steps by the magical Blue water of the Caribbean sea, Infinito is one of the most exclusive and new trending building on the city.
The apartment counts with 100 square meters, in 2 Bedrooms, with 2 Bathrooms, fully equipment, and it has washer and dryer too, The solarium has re designed with marble floor, and an amazing view, The parking is covered and secure, the building has an Elevator and a private terrace with Jacuzzi in roof top
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Infinito, Situado en el corazón de la sección italiana de Playa del Carmen , cerca de la cautivante 5ta avenida y del mágico azul turquesa de las aguas del mar caribe, Infinito es uno de los más nuevos y exclusivos edificio de vanguardia de la región.
El departamento cuenta con una superficie de unos 100 metros cuadrados, 2 Habitaciones con 2 baños. Totalmente equipado. Cuenta con lavadora y secadora. El solarium se ha rediseñado con suelos de mármol y la vista es estupenda. El estacionamiento está cubierto y vigilado, El edificio tiene un Elevador así como una terraza privada para con jacuzzi en el último nivel

Attachments

View Listing Brochure

Features

Interior Features

Ceiling Fan

Roof

Asphalt

View

City Lights

Appliances

Gas Range
Microwave
Refrigerator
Stove

Cooling

Other

Sewer/Water Systems

Public
Water District

Lot Features

Garden Area
Patio
Swimming Pool
Trees / Shrubs

Extra Features

Balcony
Cable Available
Furnished
High Speed Internet Available

Buying Options

Lease Option

P2#206388588

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Information is deemed to be correct but not guaranteed.

INFINITO 104 APARTMENT 2 BEDROOM- playa del carmen, Suite 104 Gonzalo Guerrero ( Quintana Roo, MX - 77710) Built

PLAYA REALTORS