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 | Corto Maltes | Condo for sale in Playa Del Carmen

Corto Maltes

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

2Beds 2Baths $499,000USD

$499,000 USD
$8,507,950 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 155 sq. mt.
Property ID: 526770364
Beds: 2
Baths: 2

Beachfront condo for sale in downtown Playa del Carmen

This ocean view condo is located right on the beach in the heart of downtown Playa del Carmen. It is just steps from the white sandy beaches and all the excitement of world-famous 5th Avenue. Many of the city's best restaurants, beach clubs and the Cozumel ferry are all just a short walk away. 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 return on your investment for many years to come.

You’ll love the spectacular ocean views from the living room of this bright and spacious 2-bedroom, 2-bath beachfront condo. It offers more than 1,600 square feet of living space and gets tons of Caribbean sunshine. It has an open floor plan with a fully equipped kitchen with a breakfast bar and premium appliances, including a side-by-side refrigerator, a microwave, a dishwasher and an oven with an electric cooktop. The living room and primary bedroom both open out onto private balconies with ocean views. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale fully furnished and equipped with ceiling fans and air conditioning.

If you are interested in vacation rental income potential, you can do no better than a beachfront condominium in Playa del Carmen. Contact one of our friendly and knowledgeable agents today for more information.