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 | La Concha II | Condo for sale in Playacar

La Concha II

Playacar Phase 2(Playa del Carmen, Quintana Roo, Mexico, 77710)…

2Beds 2Baths $189,000USD

$189,000 USD
$3,235,680 MXP
Estimate only. Updated Daily.

Kelly Maier

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Sale Pending

Property Description

Tipo de Propiedad: Condo
Estatus: Sale Pending
Localidad: Playacar
Tamaño de la Propiedad: 100 M2
Propiedad ID: 589791748
Hab.: 2
Baños: 2

Hermoso departamento en venta en Playacar

Este espacioso y lujoso departamento en venta en La Concha II ofrece una ubicación inigualable dentro del exclusivo residencial con campo de golf de Playacar en Playa del Carmen. Con fácil acceso a las hermosas playas de arena blanca y a las impresionantes vistas del Mar Caribe, esta colonia ofrece un estilo de vida envidiable junto al mar. Esta tranquila área está a solo minutos de la famosa Quinta Avenida de Playa del Carmen y cerca de todos los servicios de la ciudad, pero se siente apartada de todo, como un verdadero refugio junto a la playa.

Este departamento de 2 habitaciones y 2 baños, completamente renovado, es perfecto para rentas vacacionales o como tu propio hogar en el paraíso. Cuenta con un espacioso plano de planta abierto y recibe una gran cantidad de luz del Caribe. Tiene una cocina totalmente equipada con barra desayunadora, una sala de estar con un centro de entretenimiento empotrado y un cuarto de lavado. Se abre a un balcón cubierto que da a la alberca y los jardines. Este es un lugar encantador para disfrutar de tu café matutino y desayuno o una copa de vino por la noche. Mucho espacio de almacenamiento en la cocina y armarios en las habitaciones hacen que este espacio sea cómodo para la vida diaria y fácil para tus huéspedes de vacaciones. Este departamento cuenta con pisos de azulejos 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.

Usted y sus huéspedes adorarán el hermoso área de la alberca comunitaria con una palapa y jardines tropicales. El complejo es seguro y protegido con acceso controlado y estacionamiento reservado. Los residentes de Playacar también disfrutan de acceso privilegiado a clubes de playa y descuentos en el campo de golf.

Este departamento es perfecto para quienes buscan una propiedad en el caribe para las vacaciones o una propiedad vacacional rentable. ¡Contacte a uno de nuestros agentes hoy mismo para obtener más información!