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New condos in the heart of Playa del Carmen Joshua Condo…
200 sq. mt. 1Beds 1Baths $125,000USDNew condos for sale near the beach and 5th Avenue Sensai…
1Beds 1Baths $121,806USDNew condos for sale near the beach and 5th Avenue Blu 38…
1Beds 1Baths $117,500USDNew Coco Beach condos for sale Ahal is an exciting new …
1Beds 1Baths $117,000USDCommercial space for sale in the Kalena complex The Shops a…
$116,220USDNew condos for sale near the beach and 5th Avenue Blu 38…
1Beds 1Baths $115,000USDNew condos for sale near the beach and 5th Avenue Ocean …
1Beds 1Baths $114,000USDNew condos for sale near the beach and 5th Avenue Sensai…
1Beds 1Baths $109,690USDNew condos with resort-style amenities Inuk is new eco-f…
6,790 sq. mt. 1Beds 1Baths $109,108USDNew residential lots with premium amenities If you’ve …
230 - 450 sq. mt. $105,000USDNew condos for sale in Playa del Carmen MYA Ocean Diamon…
1Beds 1Baths $98,000USDLarge lot for sale in Playa del Carmen If you’ve been…
315.19 sq. mt. $94,000USDThis three bedroom, two bathroom home on the outskirts of Pl…
94.2 sq. mt. 3Beds 2Baths $80,000USD953Studio – Affordable Stylish Living in Playa del Carmen …
1Beds 1Baths $80,000USDNew condos for sale in Playa del Carmen Sur 307 is a new…
1Beds 1Baths $72,588USDNew residential lots for sale in Playa del Carmen If you…
$66,300USDIncredible beachfront condo for sale in Playacar This beaut…
3Beds 2Baths $649,000USDFixer-upper home for sale close to the beach If you’…
151.87 sq. mt. 3Beds 2Baths $195,000USDAffordable condo for sale by the beach – Potential Owner …
1Beds 1Baths $105,000USD“Playa del Carmen (Spanish pronunciation: ['plaʝa ðel 'karmen]) is a city located along the Caribbean Sea in the state of Quintana Roo in Mexico. It is a popular tourist area in eastern Mexico. Playa del Carmen boasts a wide array of tourist activities due to its geographical location in the Riviera Maya. It has also been the destination of PGA Tour golf tournaments and the set location for various television shows.” – Wikipedia
Yes! 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 (Trust Law).
A Fideicomiso is established by the government and gives foreigners the same rights of ownership as Mexican citizens. The only difference is that they never receive the actual fee simple title. A bank holds it in trust for them. The Trust system of ownership is sanctioned by the Mexican government, provided for under the Mexican Constitution, and secured by the Central Bank of Mexico, all exclusively for the purpose and protection of enabling foreign ownership of coastal property in Mexico.
Alternatively, you may own property by establishing a Mexican corporation. The corporation is the direct owner of the property and enjoys the right to conduct business in Mexico. (Consult your agent and attorney to find out which form is best in your case).