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 | Casa Madrid | House for sale in Playa Del Carmen

Casa Madrid

El Encuentro Residencial (Playa del Carmen, Quintana Roo, MX - 77724)…

2Beds 1.5Baths $199,000USD

$199,000 USD
$3,948,160 MXP
Estimate only. Updated Daily.

Lucy De la Rosa

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Sold

Property Description

Property Type: House
Status: Sold
Location: Playa Del Carmen
Property Size: 186 sq. mt.
Lot Size: 250 sq. mt.
Property ID: 436886659
Beds: 2
Baths: 1.5

Beautiful private home for sale in Playa del Carmen

Casa Madrid is a huge two-story home for sale in El Encuentro Residenciales; a small gated community located on the jungle side of the highway, just north of Playa del Carmen. Nestled in the heart of the Riviera Maya, this secure residential development offers exclusivity and privacy but also easy access to fantastic beaches. This quiet area is a short drive from Playa del Carmen’s world-famous 5th Avenue and close to all the goods and services of town. It is ideally situated to take advantage of all that the exciting city of Playa del Carmen has to offer, while still feeling “away from it all.”

This beautiful 2-bedroom, 2-bath home is spacious and well-constructed with ample natural light and Talavera accents throughout. The main floor features an open concept layout with a bright living area and a full kitchen with a breakfast bar. A curved staircase leads up to the second floor, where you’ll find two bedrooms with balconies and a luxurious master bath. Plenty of kitchen storage space and built-in closets in the bedrooms make this home comfortable for everyday living and a breeze for your vacation guests. It comes fully furnished and equipped with all of the practical amenities that you would expect, including ceiling fans, air conditioning, and a laundry room with a washer and dryer.

The back patio has a swimming pool and green space that attracts birds. It is fully walled in offering a wonderful sense of security and privacy for you and your guests. This home also has a sunny rooftop terrace with solar panels that provide clean energy for the home and reduce electricity bills. There is also a larger community pool, an entertainment palapa, and tennis courts nearby.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this home will bring many years of personal enjoyment while providing an excellent income if used as a vacation rental. Contact one of our friendly and knowledgeable agents today for more information.