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 | Quartier 75 Studio | Condo for sale in Playa Del Carmen

Quartier 75 Studio

El Pedregal (Playa del Carmen, Quintana Roo, MX, 77712)…

1Beds 1Baths $101,515USD

$101,515 USD
$1,730,831 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 55.6 SQ M
Property ID: 556420916
Beds: 1
Baths: 1

New contemporary-style condos with luxury amenities

Quartier 75 is an exciting new condominium project with a rooftop full of amenities in the fast-growing El Pedregal neighborhood of Playa del Carmen. This quiet area is just 10 minutes from world-famous Fifth Avenue and the gorgeous white sandy beaches. The complex is located just a few minutes from the new Municipal Building, the Planetarium, the Cultural Center, and the City Theater. It is also close to public transportation stops, supermarkets, shopping malls, restaurants, pharmacies, and more.

These new contemporary-style studios and 1-bedroom condos are perfect for people who want an affordable apartment or a profitable vacation rental in Playa del Carmen. They range in size from 600 sq. ft. to more than 800 sq. ft. and offer different layouts and options to suit your needs. All of the sun-filled residences feature a spacious open floor plan and a private balcony or terrace with views of the city or the complex’s central garden. The large studios have a walk-in closet and offer the possibility of division to a 1-bedroom unit. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with air conditioning.

You and your guests will love the incredible rooftop with a pool, a sunbathing area, and panoramic city views. The complex is safe and secure with controlled access and 24-hour security. It has a hotel-like lobby, a gym, and coworking space. This area also offers reliable, high-speed Internet access.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2025. Contact one of our friendly and knowledgeable agents today for more information.