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 | Nahil 7 | Condo for sale in Akumal

Nahil 7

Caleta Yalku (Akumal, Quintana Roo, MX - 77737)…

3Beds 3Baths $725,000USD

$725,000 USD
$13,485,000 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Akumal
Property Size: 163.65 sq. mt.
Property ID: 487325759
Beds: 3
Baths: 3

Gorgeous beachfront condo for sale in Akumal

This ocean view condo is just steps from the beach and a few minutes away from the beautiful Yal-ku Lagoon. A favorite spot of snorkelers, Akumal boasts an easily accessible reef system full of vibrant living coral and teaming with sea life. This quiet and laid-back beach community supports a full-service dive shop, a small grocery store, a handful of cafes and restaurants, several boutiques and even a lovely art gallery. Most people get around on foot or by bicycle, and there are also farmers markets most days selling fresh fruit and produce, adding to the healthy lifestyles of our residents.

This luxurious 3-bedroom, 3-bath condo has everything you could want in a vacation or retirement home. It features a spacious open floor plan with a full kitchen with a breakfast bar and a bright living and dining area with floor-to-ceiling Caribbean Sea views. Both the main living space and master bedroom open out onto a large covered balcony with ocean and pool views. This is a wonderful spot for enjoying your morning coffee and breakfast or for dining al fresco. This condo comes equipped with all the practical amenities that you would expect, including ceiling fans, air conditioning and a washer and dryer. The sale includes one reserved parking spot and a private storage bodega.

You and your guests can spend the day lounging under a palapa on the wide sandy beach and swimming and snorkeling in the clear Caribbean waters, just steps from the front door. The condo building has a beautiful beachfront pool with a thatched-roof palapa, lounge chairs and umbrellas. The landscaped 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 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.