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 | Natz Ti Ha K101 | Condo for sale in Playa Del Carmen

Natz Ti Ha K101

Zazil Ha (Playa Del Carmen, Quintana Roo, MX - 77710)…

2Beds 2Baths $325,000USD

$325,000 USD
$6,474,000 MXP
Estimate only. Updated Daily.

Mike Shopmeyer

Request more information

Sale Pending

Property Description

Tipo de Propiedad: Condo
Estatus: Sale Pending
Localidad: Playa Del Carmen
Tamaño de la Propiedad: 120 sq. mt.
Propiedad ID: 340401065
Hab.: 2
Baños: 2

Spacious garden level condo for sale at Natz Ti Ha

This bright and cheerful vacation condo features an unbeatable location between 5th Avenue and the beach in one of Playa del Carmen’s most desirable areas. Aptly named Shangri-La, this area is nestled between downtown and Coco Beach. This quiet area of Playa del Carmen is close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat. This is one of the city’s fastest growing neighborhoods and attracts a steady stream of vacation renters.

This spacious 2 bedroom 2 bath residence is offered for sale furnished and ready for you to make it your own. The floor plan is open with the living and dining areas opening out to a wide outdoor patio, perfect for a barbecue with friends and family or for your morning coffee and breakfast. The kitchen and baths all have colorful, original tile work and top quality finishes that are durable and easy to maintain. The home is equipped with ceiling fans, central air, and a washer and dryer. Plenty of kitchen storage space, closets and built-in nooks just where you need them, make this space comfortable for everyday living and a breeze for your vacation guests. It also includes reserved parking for one vehicle.

Natz Ti Ha is an architecturally unique condominium complex located just one block from the beach and surrounded by landscaped tropical gardens, bright bougainvillea and coconut palms. Owners and guests rave about the gorgeous pool area and the incredible rooftop with spectacular Caribbean and city views. At night, you can take in all the stars or even the twinkling lights from Cozumel.

This condo is perfect for people who want a Caribbean getaway for vacations, or even to retire to. Its highly sought out location will ensure an excellent return on your investment if used as a vacation rental. Contact one of our friendly agents today for more information or to schedule a showing.