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 | Junior Penthouse | Condo for sale in Akumal

Junior Penthouse

Aventuras Akumal (Akumal, Quintana Roo, MX - 77737)…

1Beds 2Baths $249,000USD

$249,000 USD
$4,960,080 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Akumal
Property Size: 1185.97 square ft.
Property ID: 452169396
Beds: 1
Baths: 2

Beachfront vacation condo for sale in Akumal

This ocean view condo for sale in Aventuras Akumal is perfect for vacation rentals or as your own home in paradise. Located just a few minutes south of Akumal, this small residential beachfront community is ideally situated to take advantage of all that this fast-growing tourist destination has to offer, while still feeling “away from it all.” Nature lovers will adore the proximity to the gorgeous white sand Caribbean beaches and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

This bright and spacious 1-bedroom, 2-bath condo sits on the third floor overlooking the wide white sandy beach, one of the best in the area, and the community pool. It features an open floor plan with a full kitchen with a pass-through breakfast bar and a living and dining area with floor-to-ceiling windows and sliding glass doors that open out onto a covered balcony with sweeping Caribbean Sea views. The master bedroom has an en suite master bath, built-in closets, and a large private terrace. There is a natural reef just offshore that protects the beach from rough waves, making this an ideal spot for snorkeling. The grounds are beautifully maintained with palm trees and tropical vegetation.

Akumal is located in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum and just over an hour drive from Cancun International Airport. Enjoy all the Riviera Maya has to offer; just a short drive to either Tulum, famous for its miles of pristine white sand beach next to the ancient Mayan ruins, or the bustling seaside world class tourist destination of Playa del Carmen, well-known for fantastic shopping, international cuisine, and exciting nightlife.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this condo will bring many years of personal enjoyment while providing an excellent income if used as a vacation rental. Contact one of our friendly and knowledgeable agents today for more information.