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 | Casa Langan | House for sale in Akumal

Casa Langan

Akumal Sur (Akumal, Quintana Roo, MX - 77710)…

4Beds 3Baths $1,150,000USD

$1,150,000 USD
$22,965,500 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

Sale Pending

Property Description

Property Type: House
Status: Sale Pending
Location: Akumal
Property Size: 362.47 sq. mt
Lot Size: 600 sq. mt.
Property ID: 199610290
Beds: 4
Baths: 3

Enjoy the Caribbean right at your feet – literally! A private beach with clear, turquoise water and an azure sky, await you. Lush tropical plants and flowers surround this secluded, deluxe villa, designed in a Spanish “hacienda” style. A sparkling, private pool is just steps from the house. And with the jungle on one side, and the breezy Caribbean on the other, Casa Langan offers the best that Mexico has to offer.

The house, exquisitely decorated, has hand painted talavera tile throughout. There are two master suites with king-size beds, one bedroom with a queen-size bed, and one bedroom with two double beds. Each bedroom and the living room is equipped with air condition mini splits and offer spectacular views of the Caribbean. There is no other way to wake up! Enjoy the luxury of having on-site staff, and you won’t have to lift a finger. From gourmet meals, to sipping cocktails on the beach, Casa Langan is geared to your relaxation.

A beautifully designed patio is perfect for outdoor dining and that first cup of coffee in the morning. And don’t miss the views from the roof deck where you can enjoy private sunbathing, and star-gazing is a must.

This house is located in the private gated community of South Akumal, which is a small and exclusive neighborhood comprising of around 30 luxury villas. The waters of the bay are protected by a barrier reef just 100m offshore, and these calm waters are home to a spectacular array or tropical marine life, including endangered sea turtles, rays, squid, and tropical fishes. The bay is fantastic for kayaking, paddle boarding, and of course, snorkeling. South Akumal Bay is also a prime sea turtle nesting beach. During the summer months, owners and visitors alike are often lucky enough to see large mother turtles nesting, and hundreds of baby turtles hatching from those nests and making their way towards the ocean.

For golfers, this property is within a short walk of the championship 27 hole Terence Trent Jones Jnr Golf Course which has been voted one of the top 3 courses in Mexico!

If this looks like your dream home and you’d like to find out more, contact us today!