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

Playa Del Carmen and Tulum Mexico Real Estate | Las Olas | Condo for sale in Playa Del Carmen

Las Olas

Centro (Playa del Carmen, Quintana Roo, MX - 77710)…

2Beds 2Baths $255,000USD

$255,000 USD
$4,375,800 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Localidad: Playa Del Carmen
Propiedad ID: 514797557
Hab.: 2
Baños: 2

Hermoso condominio en venta a pasos de la playa

Este condominio de lujo cuenta con una ubicación inmejorable en el área de la playa de Mamita en el corazón de Playa del Carmen. Está a solo una cuadra de la mundialmente famosa 5ta Avenida y a unos pasos de la playa. Esta es una de las mejores ubicaciones de la ciudad y atrae a un flujo constante de inquilinos de vacaciones. Usted y sus invitados se deleitarán con la facilidad y la comodidad de esta excelente ubicación en el centro de la ciudad, lo que garantiza su ocupación de alquiler constante y asegura un retorno saludable de su inversión durante muchos años. Esta área de Playa del Carmen ofrece acceso confiable a Internet de alta velocidad, para que puedas mantenerte conectado fácilmente.

Este condominio renovado de 2 habitaciones y 2 baños cuenta con un amplio diseño abierto con una sala de estar llena de luz, un comedor, una lavandería y una cocina completamente equipada con barra de desayuno, bodega y gabinetes de madera. La sala de estar principal y el dormitorio principal se abren a una terraza cubierta con vistas a la calle. Este es un lugar encantador para disfrutar de un café por la mañana o de una copa de vino por la noche. Este condominio está bellamente mantenido con pisos cerámicos y acabados de primera calidad. Un montón de espacio de almacenamiento en la cocina y armarios empotrados en las habitaciones hacen que este espacio sea cómodo para la vida cotidiana y una brisa para sus invitados de vacaciones. Se ofrece a la venta completamente amueblado y listo para que lo haga suyo.

Perfecto para personas que desean una escapada al Caribe para vacaciones, o incluso para jubilarse, este condominio brindará muchos años de disfrute personal al mismo tiempo que brinda excelentes ingresos si se usa como alquiler de vacaciones. Póngase en contacto con uno de nuestros amables y expertos agentes hoy para obtener más información.