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 | Ocean Life Studio | Condo for sale in Playa Del Carmen

Ocean Life Studio

Centro (Playa del Carmen, Quintana Roo, Mexico, 77710)…

1Beds 1Baths $113,026USD

$113,026 USD
$1,939,526 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 38.82 M2
Property ID: 580371598
Beds: 1
Beds Info: Studio
Baths: 1

New condos for sale near the beach and 5th Avenue

Ocean Life is an exciting new condominium project located in the center of Playa del Carmen. This new development is close to the Paseo del Carmen outdoor shopping center, the Cozumel ferry terminal, and the exclusive gated golf course community of Playacar. It is an easy walk to the white sandy beaches and all the excitement of world-famous 5th Avenue. This area is just minutes from shopping, dining, nightlife, and all the fun and sun that make Playa del Carmen a world-famous tourist destination.

This beautiful new 6-story development features an incredible ocean view rooftop with an infinity pool and a sunbathing area with lounge chairs and Balinese beds. At night, you can take in all the stars or even the twinkling lights from Cozumel. It has a hotel-like lobby, a steakhouse, a bar, a fitness area, an elevator, and a commercial area with shops and restaurants on the ground floor. This new project offers studios, 1- and 2-bedroom condos with different layouts and options to suit your needs. All of the modern residences have spacious open floor plans and private balconies with city views. They are being offered for sale unfurnished but equipped with air conditioning and home automation systems.

These new 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 2027. Contact one of our friendly and knowledgeable agents today for more information.