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 | Caribique | Condo for sale in Playa Del Carmen

Caribique

Colosio (Playa del Carmen. Quintana Roo, MX - 77730)…

1Beds 1Baths $142,325USD

$142,325 USD
$2,460,799 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 40 – 52.36 sq. mt.
Property ID: 537191882
Beds: 1
Baths: 1

New eco-chic studios for sale near the beach

Caribique is a new boutique condo hotel with 23 furnished and equipped studios and a rooftop full of amenities. The complex is located just north of the downtown area in Playa del Carmen’s fast-growing Colosio neighborhood. These condos are just steps from the white sandy beach and all the excitement of world-famous 5th Avenue. They are perfect for people who want an affordable one room apartment or a profitable vacation rental close to the beach in Playa del Carmen.

Ideal for singles or couples, these new studios are perfect for vacation rentals or as your own Caribbean getaway. They range in size from 430 sq. ft. to 564 sq. ft. and offer different layouts and options to suit your needs. They are designed in a modern, eco-chic style and feature high-quality natural materials and finishes. They have a fully equipped kitchen with a breakfast bar, separate living and sleeping areas, a closet, and a luxurious full bath. They have a private balcony with a hammock and ocean views from the third floor and up. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. These condos come fully furnished and equipped with ceiling fans and air conditioning.

You and your guests will love the incredible rooftop with spectacular Caribbean and city views. It has a pool with sun loungers, a shaded seating area, hammocks, a yoga area, two grills, and an observatory with telescopes for stargazing. The condo building is safe and secure with controlled access and 24-hour security. It has a reception area, an elevator, an electric bike and scooter charger, and professional rental management services. You’ll also enjoy free access to the nearby Beach Club Martina.

If you’re interested in vacation rental income, you can do no better than a condo close to the beach in Playa del Carmen. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for presale pricing and options.