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 | Quinta Lia 1 bed | Condo for sale in Playa Del Carmen

Quinta Lia 1 bed

Zazil Ha ( Playa del Carmen, Quintana Roo, Mexico, 77710)…

1Beds 1Baths $235,294USD

$235,294 USD
$4,061,174 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: 56 M2
Property ID: 581941252
Beds: 1
Baths: 1

New condos for sale in the Coco Beach area

Quinta Lia Condos is an exciting new condominium project located just north of the downtown area in Playa del Carmen’s popular Coco Beach neighborhood. The complex is located just a few steps from all the excitement of world-famous 5th Avenue and another minute to the beach. 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.

These beautiful new studios, 1- and 3-bedroom condos and penthouses are perfect for vacation rentals or as your own home in paradise. They range in size from 484 sq. ft. (45 m2) to 2,045 sq. ft. (190 m2) and offer different layouts and options to suit your needs. All of the modern residences feature a spacious open floor plan and minimalist décor. The kitchen and living area open out onto a private balcony with city views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

You and your guests will love the incredible ocean view roof garden with a pool, a sunbathing area, a jacuzzi, a gym, and an outdoor grill area, perfect for your al fresco cookouts. The complex is safe and secure with controlled access and 24-hour security. It has a lobby area, concierge, elevators, laundry, and underground parking. This area also offers reliable, high-speed internet access.

These condos offer excellent amenities and a fantastic location at a good price. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Ceiling Fan
Hot Tub

View

City
Ocean View
Street

Cooling

2 mini splits

Lot Features

BBQ Area
Common Pool
Elevator
Gym
Jacuzzi
Rooftop
Swimming Pool

Sewer & Water

Public

Appliances

Indoor Grill
Washer/Dryer Hookup

Extra Features

Balcony
Cable Available
Common Pool
Concierge
Elevator
Front Desk
Jacuzzi
New Home
Reserved Parking
Roof Terrace
Rooftop
Security
Tile Floor
Unfurnished

Parking Spaces

HOA Fees

Taxes

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Quinta Lia 1 bed | Condo for sale in Playa Del Carmen

Quinta Lia 1 bed