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 | Playa Palms Studio | Condo for sale in Playa Del Carmen

Playa Palms Studio

Centro (Playa del Carmen, Quintana Roo, Mexico)…

1Beds 1Baths $195,000USD

$195,000 USD
$3,365,700 MXP
Estimate only. Updated Daily.

Marieke Brown

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property ID: 569214066
Beds: 1
Baths: 1

Beachfront vacation condo for sale in Playa del Carmen

If you’re interested in vacation rental income potential, you can do no better than a beachfront condo in Playa del Carmen. This condo is located in the Playa Palms Beach Hotel in the heart of downtown Playa del Carmen and just a few steps from all the excitement of world-famous 5th Avenue. This is one of the best locations in the city and attracts a steady stream of vacation renters, guaranteeing its constant rental occupancy and ensuring a healthy return on your investment for many years to come.

Ideal for singles or couples, this bright and airy studio-style condo is perfect for vacation rentals or as your own Caribbean getaway. It has a large ocean view patio with a table and chairs and a hammock, perfect for relaxing or dining al fresco. Inside, you’ll find a sun filled living area, a sleeping area, and a kitchenette with a mini fridge, a microwave, and an electric stovetop. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It comes equipped with all of the practical amenities that you would expect, including ceiling fans, air conditioning, a built-in closet, a TV, and a guest safe. It is being offered for sale turn-key and ready for immediate rental income.

Playa Palms has all the luxuries of resort living with the absolute best Caribbean Sea views. It features an oceanfront pool, a beach club, concierge, and more. The condo building is safe and secure with controlled access and 24-hour security. It has a hotel-like lobby, 24-hour guest support, professional property management, and a rental pool. This area also offers reliable high-speed internet access.

This vacation condo offers excellent amenities and a fantastic location at a good price. It’s perfect for an individual or savvy investor looking to capitalize on the growth of the Riviera Maya. Contact one of our friendly and knowledgeable agents today for more information.