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 Real Estate | The City 1 Bed PH | Condo for sale in Playa Del Carmen

The City 1 Bed PH

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

1Beds 1Baths $281,500USD

$281,500 USD
$4,867,135 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: 1,272 sq. ft.
Property ID: 272022251
Beds: 1
Baths: 1
Baths Comment: Plus 1/2 Bathroom

Penthouse for Sale at Menesse The City in Playa del Carmen

This elegant penthouse has 1 bedroom, 1 bath and one half bath. The penthouse offers a nice open-living floor plan with large windows opening up to a private terrace where you can soak up the sun and enjoy the Caribbean breezes. The kitchen and bathrooms have been finished with top quality materials that are durable and easy to maintain. Just above, entertaining will be a dream on your private rooftop solarium complete your own plunge pool. Imagine watching the sunrise with your morning coffee, hosting an intimate dinner under the stars or just relaxing and taking in the views over Playa. This stunning residence is being sold furnished and equipped and ready for you to bring in your own décor and style to truly make it your own! If you love city living but also want the amenities of a luxury resort, this gorgeous penthouse at Menesse “The City” is exactly what you have been looking for!

The amenities offered by Menesse “The City” are incomparable and include 24 hour security, lobby area with reception, elevator access, secure underground parking, an amazing sky-bar with lounge and rooftop pools for both children and adults-only, a covered cinema, kids club, fitness center with steam room, wet areas and sauna and much, much more! You truly need to see it all to believe it.

Just a few short blocks from 5th Avenue and another minute to the beach, the residences at Menesse “The City” are ideally situated to take advantage of Playa del Carmen’s unique blend of breathtaking coastline, lush jungles, high-end shopping, world-class cuisine and thrilling nightlife. Some of the most popular beach clubs on the Riviera Maya, Mamitas, Kool and Coralina are just a short stroll away. Within a 5 minute stroll, the list of amazing restaurant and shopping opportunities goes on and on! For those planning on making “The City” a full-time home or retirement destination, the complex is situated within a very short walk to grocery stores, produce markets, pharmacies, medical services and everything you could possibly want or need to live safely and comfortably in Playa del Carmen.

Contact our agents today for more information!!