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 | Ocean Life Studio | Condo for sale in Playa Del Carmen

Ocean Life Studio

Centro (Playa del Carmen, Quintana Roo, Mexico, 77710)…

1Beds 1Baths $113,026USD

$113,026 USD
$1,939,526 MXP
Estimate only. Updated Daily.

Marieke Brown

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En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Localidad: Playa Del Carmen
Tamaño de la Propiedad: 38.82 M2
Propiedad ID: 580371598
Hab.: 1
Información adicional sobre camas: Studio
Baños: 1

Ocean Life es un emocionante proyecto de departamentos ubicado en el centro de Playa del Carmen. Este nuevo desarrollo está cerca del centro comercial al aire libre Paseo del Carmen, la terminal de ferry de Cozumel y la exclusiva comunidad cerrada de campo de golf de Playacar. Se puede llegar fácilmente a las playas de arena blanca y a toda la emoción de la famosa Quinta Avenida. Esta área está a solo minutos de tiendas, restaurantes, vida nocturna y toda la diversión y sol que hacen de Playa del Carmen un destino turístico mundialmente famoso.

Este hermoso desarrollo de 6 pisos cuenta con una increíble alberca en la azotea con vista al mar, una zona de asoleadero con camastros y camas balinesas. Por la noche, puedes disfrutar de todas las estrellas o incluso de las luces centelleantes de Cozumel. Tiene un vestíbulo estilo hotel, un asador, un bar, un área de fitness, un elevador y un área comercial con tiendas y restaurantes en la planta baja. Este nuevo proyecto ofrece estudios y departamentos de 1 y 2 habitaciones con diferentes distribuciones y opciones para satisfacer tus necesidades. Todas las residencias modernas tienen amplios planos de planta abiertos y balcones privados con vistas a la ciudad. Se ofrecen a la venta sin amueblar pero equipados con aire acondicionado y sistemas de domótica.

Estos nuevos departamentos son perfectos para quienes buscan una propiedad vacacional rentable cerca de la playa en Playa del Carmen. La entrega está programada para 2027. Comuníquese con uno de nuestros agentes hoy para obtener más información.