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 and Tulum Mexico Real Estate | Corto Maltes | Condo for sale in Playa Del Carmen

Corto Maltes

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

2Beds 2Baths $499,000USD

$499,000 USD
$8,612,740 MXP
Estimate only. Updated Daily.

Sarah Fouts

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En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Localidad: Playa Del Carmen
Tamaño de la Propiedad: 155 sq. mt.
Propiedad ID: 526770364
Hab.: 2
Baños: 2

Departamento frente a la playa en venta en el centro de Playa del Carmen

Este departamento con vista al mar está ubicado frente a la playa, en el corazón del centro de Playa del Carmen. Se encuentra a tan solo unos pasos de las playas de arena blanca y de toda la emoción de la mundialmente famosa Quinta Avenida. Muchos de los mejores restaurantes de la ciudad, clubes de playa y el ferry a Cozumel están a poca distancia a pie. Esta es una de las mejores ubicaciones de la ciudad y atrae a una corriente constante de huéspedes, garantizando su ocupación constante en rentas.

A usted y a sus huéspedes les encantarán las espectaculares vistas al mar desde la sala de estar de este luminoso y espacioso departamento de 2 habitaciones y 2 baños frente al mar. Ofrece con 155 metros cuadrados de espacio habitable y recibe toneladas de sol caribeño. Tiene un diseño de planta abierta con una cocina completamente equipada con una barra desayunadora y electrodomésticos premium, incluyendo un refrigerador lado a lado, un microondas, un lavavajillas y un horno con una estufa eléctrica. La sala de estar y la habitación principal se abren a balcones privados con vista al mar. Este departamento tiene pisos de cerámica y acabados de alta calidad que son duraderos y fáciles de mantener. Se ofrece en venta completamente amueblado y equipado con ventiladores de techo y aire acondicionado.

Si está interesado en el potencial de ingresos por rentas vacacionales, no puede encontrar nada mejor que un departamento frente al mar en Playa del Carmen. Póngase en contacto con uno de nuestros agentes hoy mismo para obtener más información.