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 | Altra Beach 1 Bedroom | Condo for sale in Playa Del Carmen

Altra Beach 1 Bedroom

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

1Beds 1Baths $286,853USD

$286,853 USD
$4,951,083 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 38.81 – 49.29 sq. mt.
Property ID: 534517614
Beds: 1
Baths: 1

New condos for sale in the Mamita’s Beach area

Altra Beach Condos is an exciting new luxury condominium project with an unbeatable location just steps from world-famous 5th Avenue in the Mamita’s beach area of Playa del Carmen. This is one of the best locations in the city and attracts a steady stream of vacation renters. You and 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.

These new luxury condos and penthouses are perfect for vacation rentals or as your own home in paradise. They have 1–2 bedrooms and offer different layouts and options to suit your needs. All of the modern residences have a spacious open concept layout and get tons of Caribbean sunshine. They have a full kitchen, a bright living and dining area, and a laundry room. The units on the upper floors have private balconies with ocean views. The exclusive penthouse units have private rooftops with plunge pools or jacuzzis. 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 ceiling fans and air conditioning.

Altra Beach Condos is a secure, gated complex with a rooftop full of amenities. It features an infinity pool, a swimming lane, jacuzzis, a sunbathing area, a bar, a gym, spa services, and panoramic city and ocean views. At night, you can take in all the stars or even the twinkling lights from Cozumel. The condo building also has a hotel-like lobby with a reception desk, a business center, elevator access, and parking.

This new development is close to public transportation stops, supermarkets, restaurants, shopping malls, laundromats, pharmacies, and a multi-sport complex with a running track, basketball courts, and more. This area of Playa del Carmen also offers reliable, high-speed internet access.

These condos offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for presale pricing and options.