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 | UMA Playacar PH | Condo for sale in Playacar

UMA Playacar PH

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

3Beds 3Baths $1,527,325USD

$1,527,325 USD
$26,835,100 MXP
Estimate only. Updated Daily.

Sarah Fouts

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En Venta

Property Description

Tipo de Propiedad: Condo
Estatus: En Venta
Localidad: Playacar
Tamaño de la Propiedad: 515 sq. mt.
Propiedad ID: 538117994
Hab.: 3
Baños: 3
Información adicional sobre baños: Plus 2 Half Bathrooms

New Playacar condos with resort-style amenities

Uma Playacar is a new luxury residential project located on the golf course in the exclusive gated residential resort community of Playacar in Playa del Carmen. With easy access to the gorgeous white sand beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This quiet area is just minutes from Playa del Carmen’s world-famous 5th Avenue and close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat.

These beautiful new 2- and 3-bedroom condos offer different layouts and options to suit your needs, including garden units, mid-level units with private terraces, and luxurious penthouses with private rooftops. All of the modern residences have spacious open floor plans and unparalleled views of the golf course. They have walk-in closets, storage rooms, and emergency buttons with automatic locks on the main door. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with air conditioning. The developer also offers the option of purchasing furniture, decoration, and holistic wellness packages.

A secure gated complex, Uma is designed for people who enjoy being in contact with nature. It has the best golf course in the area, an exclusive private cenote, and a fantastic location just steps from the beach. This new resort-style development offers multiple pools, a gym, a business center, walking paths, and green areas. It also has an electric car charging station, an on-site doctor, underground parking, concierge, Wi-Fi, and sustainable technologies such as rainwater recycling and composting.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2025. Contact one of our friendly and knowledgeable agents today for presale pricing and options.