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

emma-test - Karina Sayed

I am a Professional real estate advisor with more than 20 years of experience in Riviera Maya.

Active member of the Professional Real Estate Association, AMPI Playa del Carmen Section, for 12 years.
Licensed in Quintana Roo with the first generation of licenses granted.
Certified Public Accountant by UBA – Universidad de Buenos Aires- Argentina.
Certified in Real Estate Sale Consulting. EC0110.01
Certified in Real Estate Sale Consulting, tourist areas. EC0277
Certified in Notarial Process and Real Estate Leasing. ECM0174
Certified International Property Specialist (CIPS), National Association of REALTORS.
Founding Partner of PLAYA REALTORS.
Before founding PLAYA REALTORS, I managed Financial Services for commercial, retail and industrial companies. With extensive knowledge of international trade.
Active member of COPARMEX (Employer Confederation of the Mexican Republic) Playa del Carmen Section, for the last 3 years.

Playa del Carmen usually appears in people's minds as a tourist and vacation destination.

Its proximity to other important points of the Mexican Caribbean such as Tulum, Cancun and Cozumel, as well as its charming and full of life culture make it a true paradise.

Quintana Roo is one of the great economic poles of Mexico. Currently, Playa del Carmen maintains the highest urban growth rate, with an increase of 32% in less than 10 years.

The entity contributes 2.3% of gross income to the Mexican economy.

I assure you that you are not wrong to choose this city as the destination to grow your money, pointers:

Quality of life
The city is in the first place in destinations requested by travelers
Strong dollar, stable Mexican peso
Constant increase in the demand for vacation rental properties
It will be the next luxury destination with important hotel investments and different real estate projects
Its strategic location just one hour from the Cancun airport (recognized as one the most important HUB in the world with the most international flights in Mexico)

GROWTHS, LOCATION, FINANCIAL STABILITY GRANTS THE INVESTOR WITH THE SECURITY THEY NEED FOR YEARS TO COME.