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 BEDROOM APARTMENT- LOCK OFF - EXCELLENT PRICE in PLAYA DEL CARMEN Solidaridad ( Quintana Roo, MX - 77710) Under Construction

$142,189 USD

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Details

2 BEDROOM APARTMENT- LOCK OFF - EXCELLENT PRICE in PLAYA DEL CARMEN

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PLAYA REALTORS

Karina Sayed +(52) 9841865453 (Office) +52 984 1121408 (Office) 1-877-379-0346 (Cell) Request More Info

Type: Residential
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Size: 958 sq. ft. "89 m2"
Development Level: Under Construction
MLS #: PAP3543937

Description

THE WORD TAAK’ IN THE ANCIENT MAYA CULTURE, REPRESENTS THE CONCEPT OF UNION, JOIN.
EXPERIENCE, SIMPLICITY AND ELEGANCE ARE JOINTED
TOGETHER, GIVING YOU A UNIQUE AND TAILOR MADE SPACE FOR YOUR FAMILY, CREATED SPECIFICALLY TO
MEET YOUR NEEDS IN PLAYA DEL CARMEN.

THE BEATING HEART OF THE MAYAN RIVIERA
PLAYA DEL CARMEN IS IN A STRATEGIC POSITION TO TAKE FULL ADVANTAGE OF THE FASCINATING RIVIERA MAYA.
• THE WONDERFUL WHITE BEACHES AND ITS AMAZING TURQUOISE SEA
• THE MYSTERIOUS CENOTES, ACCES DOORS TO THE SACRED MAYAN UNDERWORLD
• THE EXTENSIVE UNESCO WORLD HERITAGE ARCHEOLOGICAL AREAS
• THE SAVAGE NATURAL PARKS WITH ITS IMPRESSIVE FLORA AND FAUNA
• THE SECOND MOST EXTENSIVE CORAL REEF IN THE WORLD

IS PLACED IN A NEW DEVELOPING AREA IN THE SOUTH OF THE CITY, IN A RESIDENTIAL
AREA CALLED THE “DIAMOND ZONE” OF PLAYA DEL CARMEN.
IS JUST A FEW MINUTES DRIVE FROM THE BEACH, AND 5-MINUTE WALK FROM THE "MAYA SHOPPING CENTER" WITH ITS SHOPS, SUPERMARKETS, CINEMAS, BANKS, GYMS AND RESTAURANTS

WILL BE BUILT IN TWO PHASES INCLUDING 30 NEW APARTMENTS
15 DEPARTAMENTOS / APARTMENTS
4 ESTACIONAMIENTOS / PARKING
6 BODEGAS PRIVADAS / CELLARS
ALBERCA / POOL
AREA DE BBQ / BBQ AREA
RECEPCIÓN / RECEPTION

AMENITIES

POOL
30 SQ METERS WATERFALL
JACUZZI
UNDDERWATER
BENCH

GYM
DUMBBELLS
MULTIFUNCTION
MACHINES
EXERCISE BIKES

HOLISTIC AREA
MEDITATION AREA
WATERFALL
STONE AND WOOD
FINISHES

BBQ
OUTDOOR KITCHEN
BENCH
PERGOLA
GRILL

Attachments

View Listing Brochure

Features

Lot Features

Gated Community
Swimming Pool

Extra Features

Central Elevator
Controlled Access
Fitness Center
Security Guard on Duty

P2#436820870

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Information is deemed to be correct but not guaranteed.

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