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 | Akasha PDC 2 bed | Condo for sale in Playa Del Carmen

Akasha PDC 2 bed

Centro (Playa del Carmen, Quintana Roo, MX 77714)…

2Beds 2Baths $235,698USD

$235,698 USD
$4,044,578 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 67.99 M2
Property ID: 569105948
Beds: 2
Baths: 2

New turn-key condos for sale near the beach

Akasha is an exciting new condominium project with 23 units and a prime location in downtown Playa del Carmen. The complex is located just a few blocks from world-famous 5th Avenue and another minute to the beach. It is a short walk to supermarkets, shopping malls, the ADO bus terminal, and the ferry to Cozumel. This is one of the best locations in the city and attracts a steady stream of vacation renters, guaranteeing its constant rental occupancy and ensuring a healthy ROI for many years to come.

These beautiful new studios and 2-bedroom condos offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. They feature a biophilic design concept which seeks to connect occupants with the natural environment through the use of natural light, cross winds, and eco-friendly furnishings. All of the modern residences have an open floor plan with a fully equipped kitchen, separate living and sleeping areas, and a private balcony. These condos have tile floors and luxury finishes that are durable and easy to maintain. They come furnished and equipped with home appliances, ceiling fans, air conditioning, linens, kitchen utensils, and decorations. They are being offered for sale turn-key and ready to move in or rent out.

You and your guests will love the incredible rooftop with an infinity sky pool, a jacuzzi, a sunbathing area, a gym, a terrace bar, an outdoor cinema, and a fire pit and grill area. The condo building is safe and secure with controlled access and 24-hour security. It has a reception area, an elevator, laundry, and underground parking. This area also offers reliable, high-speed internet access.

These condos are perfect for people who want an affordable apartment or a profitable vacation rental close to the beach in Playa del Carmen. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan
Hot Tub
Laundry Room
Wet Bar

View

Street

Cooling

3+ Mini Splits

Lot Features

Bar
Cinema
Common Pool
Elevator
Gym
Jacuzzi
Laundry
Rooftop
Swimming Pool
Terrace

Sewer & Water

Public

Appliances

Gas Range
Hood Fan
Microwave
Oven Range
Refrigerator

Extra Features

Balcony
Common Pool
Elevator
Fitness Center
Front Desk
Furnished
New Home
Roof Terrace
Security
TV Security

Parking Spaces

Year Built

2024

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Akasha PDC 2 bed | Condo for sale in Playa Del Carmen

Akasha PDC 2 bed