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 Rosa Akumal | House for sale in Akumal

Casa Rosa Akumal

Akumal ( Quintana Roo, MX - 77737)…

5Beds 8Baths $1,995,000USD

$1,995,000 USD
$38,722,950 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: House
Status: For Sale
Location: Akumal
Property Size: 6,500 sq. ft.
Lot Size: 1,200 sq. mt.
Property ID: 232053799
Beds: 5
Baths: 8

Oustanding Beachfront Villa For Sale in Akumal

BuyPlaya Real Estate Advisors are proud to present this beautiful 6500 sq. ft luxury villa. Located in a private gated community on the calm shores of Akumal’s Half Moon Bay, this home features 3 floors of high end living space. With 4 bedrooms plus games lounge (can be converted into a 5th bedroom) in the main house, plus guest house above the spacious garage, this home offers comfort, relaxation, and privacy for groups large or small.

This house boasts beautiful imported tile work from Europe, onyx stone features, and custom made cabinetry and kitchen.All appliances in the villa are of the highest quality.The outdoor and indoor living areas are spacious, and interconnect through floor to ceiling glass sliding doors. There is also an expansive roof terrace complete with wet bar, perfect for 360 views around the property to the ocean and jungle beyond.

Akumal is a small and ecologically minded beach community with a friendly expat population, and lots of local activities from diving, to yoga, to tennis, to spa and wellness. Just over one hour from Cancun International airport, and within 30mins from the towns of Playa del Carmen and Tulum, this decadent home is located in the perfect position for enjoying all of the fun and interesting things that the Riviera Maya has to offer.

Contact us today to find out more about this luxury costal home.