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 | Aldea Thai | Condo for sale in Playa Del Carmen

Aldea Thai

Mamitas (Playa del Carmen, Quintana Roo, MX - 77710)…

2Beds 2Baths $425,000USD

$425,000 USD
$7,220,750 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 1,400 sq. ft
Property ID: 465448375
Beds: 2
Baths: 2

Superb ocean view condo with lock-off option

This luxury vacation condo is located in a popular beachfront building in the heart of Playa del Carmen. It is only a half block from Mamita’s Beach Club and a five-minute walk from world-famous 5th Avenue. This is one of the best locations in the city and attracts a steady stream of vacation renters. Your guests will delight in the ease and convenience of this prime downtown location, guaranteeing its constant rental occupancy and ensuring a healthy return on your investment for many years to come.

This well-appointed 2-bedroom, 2-bath condo has everything you could want in a vacation or retirement home. It features a spacious open layout and a convenient lock-off option for additional occupancy and earning potential. You and your guests will love the unobstructed ocean views from the main living area and balcony. This condo is designed in a contemporary style with dark wood furnishings and top-quality marble finishes. The kitchen has a peninsula with a breakfast bar, stainless steel appliances and ample storage space. The master bedroom has a king size bed and a luxurious ensuite master bath with a jacuzzi-style tub. This condo comes fully furnished and equipped with high thread count linens, a DVD player, a safe, an iron and ironing board, and various other vacation rental amenities.

Aldea Thai’s Zen-like atmosphere and fantastic beachfront location make it an extremely popular choice among vacation renters. The complex is safe and secure with gated entry and 24-hour security. It offers direct beach access, a beautiful swimming pool, a swim-up bar and a gym. It also has a hotel-like lobby, elevator access, an underground parking lot, valet parking and Wi-Fi in the common areas.

This incredible condo is being offered for sale turnkey and ready for immediate occupancy. Contact one of our friendly and knowledgeable agents today for more information.