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

YOUR INVESTMENT OPPORTUNITY- STUDIO WITH LARGE TERRACE - IN THE BEAUTIFUL ISLAND OF COZUMEL Cozumel ( Quintana Roo, MX - 77600) Under Construction

$122,248 USD

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Details

YOUR INVESTMENT OPPORTUNITY- STUDIO WITH LARGE TERRACE - IN THE BEAUTIFUL ISLAND OF COZUMEL

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PLAYA REALTORS

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

Type: Condominium
Style: Single Story
Bedrooms: 1
Bathrooms: 1
Size: 614 sq. ft. "57 m2"
Development Level: Under Construction
MLS #: PAP3766855

Description

Operated as an exclusive Boutique Hotel with all the pool services, gym, rooftop and lounge area.

A unique opportunity to invest in a luxury condo in the most sought after area of Cozumel.

WHY DID WE CHOOSE COZUMEL?

The only place to watch a sunrise and / or sunset on the beach
The second largest barrier reef in the world
The best international restaurants
A modern life with all the necessary services
Direct domestic and international flights to the island
A cool destination with miles of unspoiled beaches
One of the safest places in the country
It's like visiting the Riviera Maya 20 years ago

25 amazing units strategically located and view to the sea available!

PRIVATE PARK
INFINITE POOL
SUNNY
GYM
RECEPTION
GRILL ZONE
SECURITY 24/7
CO-WORKING AREA
SHOP

ADDITIONAL

Furniture and decor packages available!
for all units!

Deluxe package
Comfort package
Property title guaranteed by the
MexLaw firm and services for foreign clients available

Attachments

View Listing Brochure

Features

Lot Features

Deck
Garden Area
Gated Community
Swimming Pool

Extra Features

Controlled Access
Fitness Center
Lobby
Reserved Parking
Security Guard on Duty

P2#455696565

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Information is deemed to be correct but not guaranteed.

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