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 | Mareazul, Suite 421 | Condo for sale in Playa Del Carmen

Mareazul, Suite 421

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

3Beds 4.5Baths $988,000USD

$988,000 USD
$19,680,960 MXP
Estimate only. Updated Daily.

Rob Kinnon

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Lot Size: 218 sq. m.
Property ID: 87751215
Beds: 3
Baths: 4.5

Luxury Resort Style Condominium for sale in the Riviera Maya

This luxury condominium for sale in the Riviera Maya is the ultimate in resort style living. With enormous swimming pools stretching across the entire common area all the way to the edge of the sparkling white Caribbean sand beach, your family and guests will love vacationing in this paradisaical gated community. Located just a few minutes north of Playa del Carmen, famous worldwide for its variety of culinary delights, nightlife, and indulgent shopping, this prestigious address is a highly sought out tourist destination sure to be an excellent source of rental income or a comfortable indulgence as a year round residence.

This gorgeous luxury condominium has a spacious open design with large windows overlooking the infinite appearing pool areas and the brilliantly turquoise Caribbean Sea. Each of the 3 bedrooms are generously sized with an elegantly finished en suite bathroom and abundant storage space. From the ample living and dining area your family and guests have easy access to the grand balcony patio area where they will be free to enjoy the panoramic views and the bubbling private jacuzzi. Whether you are enjoying grilling out on the balcony or cooking in the top of the line gourmet kitchen, entertaining is a breeze in this well designed luxury resort style condominium for sale in the Riviera Maya.

Reap the benefits of life in the Riviera Maya with all the luxuries and conveniences you desire! This is the perfect location to enjoy the serenity of the long white sand beach of the Mexican Caribbean, the tranquility of the lush 18 hole, par 71 golf course , the security of a gated community and the convenience of being just a few minutes from downtown Playa del Carmen.

Please contact our knowledgeable agents for more information about this fantastic resort style condominium for sale in the Riviera Maya today!