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

Adorable Beachfront PH, 3 bedrooms and amenities. Tankah Bay Tankah Bay (Soliman/Tankah Bay, Quintana Roo, MX - 77772) Built

$1,589,300 USD

Request More Info

Details

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PLAYA REALTORS

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

Type: Residential
Style: Single Story
Bedrooms: 3
Bathrooms: 4
Half Bathrooms: 2
Size: 4,090 sq. ft. "380 m2"
Development Level: Built
MLS #: PPH4260234

Description

This development is located within Tankah Bay, a stunning location surrounded by rich mangrove and cenotes, an ideal place for connecting with your inner spirit while enjoying breathtaking views.

This project is designed to create a space of pure, organic shapes that integrate with the local ambiance.
Every environment is unique, and built to created an experience of true coexistence with nature, plus beach views with infinite skylines.

Every detail is subtle and elegant, surrounded by carefully selected art with powerful textures, curved shapes and connection with the nature.

AMENITIES

Gym
Alberca
Asoleadero
Co Working
Lobby
Restaurante
Art lobby
Kids club
Área de yoga
Muelle
Salón de usos múltiples
Seguridad 24/7
Concierge
Valet Parking
Room service

Attachments

View Listing Brochure

Features

Roof

Built Up

View

Ocean View

Cooling

Zoned

Lot Features

Garden Area
Gated Community
Landscaped
Swimming Pool
Trees / Shrubs

Extra Features

Balcony
Controlled Access
Fitness Center
Lobby
Reserved Parking
Satellite Dish
Security Guard on Duty
TV Security

P2#501464675

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Information is deemed to be correct but not guaranteed.