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 | Central Park II | Condo for sale in Playa Del Carmen

Central Park II

Quintas del Carmen (Playa del Carmen, Quintana Roo, MX - 77721)…

1Beds 1Baths $229,887USD

$229,887 USD
$3,751,756 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: 46.48 - 66.65 sq. mt.
Property ID: 549066050
Beds: 1
Baths: 1

New condos for sale near the beach and 5th Avenue

Central Park II is a new luxury condominium project with a prime location just north of the downtown area in Playa del Carmen’s popular Coco Beach neighborhood. With easy access to the gorgeous white sandy beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This is one of the city’s fastest growing neighborhoods and attracts a steady stream of vacation renters, ensuring a healthy ROI for those who wish to use their condo as a vacation rental property.

These beautiful new 1-bedroom, 1-bath condos are perfect for vacation rentals or as your own home in paradise. They are designed in an elegant, minimalist style with open spaces and large windows that let in tons of Caribbean sunshine. They have a full kitchen with a breakfast bar and a light-filled living room that opens out onto a private balcony with city views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. The bedroom has a spacious walk-in closet and a luxurious en suite bath. These condos have luxurious finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and air conditioning.

You and your guests will love the incredible rooftop with an infinity pool and spectacular Caribbean and city views. At night, you can take in all the stars or even the twinkling lights from Cozumel. The condo building is safe and secure with controlled access and 24-hour security. It has a gym, a hotel-like lobby, an elevator, and underground parking. This area also offers reliable, high-speed internet access.

These condos offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for winter 2023. Contact one of our friendly and knowledgeable agents today for more information.