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 | El Faro Coral, Suite 104 | Condo for sale in Playa Del Carmen

El Faro Coral, Suite 104

Centro (Playa del Carmen, Quintana Roo, MX - 77710) $700,000 USD…

3Beds 2Baths $659,000USD

$659,000 USD
$12,257,400 MXP
Estimate only. Updated Daily.

Sarah Fouts

Request more information

En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Localidad: Playa Del Carmen
Tamaño del Lote: 128 sq. m.
Propiedad ID: 127969647
Hab.: 3
Baños: 2

Hermoso Departamento Frente al Mar en Venta en Playa del Carmen

Este hermoso departamento de 3 recámaras y 2 baños se encuentra ubicado frente a una de las playas mas bonitas de Playa del Carmen. Justo en el centro de todo, y en el interior de un pequeño oases frente al mar turquesa del Caribe. Este departamento se encuentra en la planta baja y tiene acceso directo a la alberca común. Localizado justo frente a la playa y a una cuadra de la famosa 5a avenida y toda la emocionante energía y actividades que Playa del Carmen y la Riviera Maya ofrecen.

Cada una de las 3 recámaras cuenta con suficiente espacio en los closets, usted y sus invitados tendrán suficiente espacio y privacidad para disfrutar de sus vacaciones. La recámara principal cuenta con baño propio y la terraza ofrece vista hacia el mar y la alberca. La sala-comedor también cuenta con vista al mar y a la alberca.

El diseño de este departamento lo hace ideal para vacacionar, como residencia permanente o para rentarlo a vacacionistas, la opción es suya.

Póngase en contacto con alguno de nuestros agentes para mas información acerca de esta fabulosa oferta.