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 | Sunset Kin 96 | Condo for sale in Playa Del Carmen

Sunset Kin 96

Colosio (Playa del Carmen, Quintana Roo, MX, 77728)…

1Beds 1Baths $157,575USD

$157,575 USD
$2,686,654 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: 49.3 SQ M
Property ID: 556420902
Beds: 1
Beds Info: studio
Baths: 1

New studios for sale near the beach and 5th Avenue

Sunset Kin 96 is an exciting new condominium project with 18 studio apartments located just north of the downtown area in Playa del Carmen’s fast-growing Colosio neighborhood. The complex is located a few steps from the famous 5th Avenue and the amazing Esmeralda beach – one of just a few beaches in Playa del Carmen with Blue Flag beach status. This area is just minutes from shopping, dining, nightlife, and all the fun and sun that make Playa del Carmen a world-famous tourist destination.

Ideal for singles or couples, these new studios are perfect for people who want an affordable apartment or a profitable vacation rental close to the beach. All of the modern residences are fully functional and designed with your comfort in mind. They have an equipped kitchen with granite countertops, a dining area with a table and chairs, a double bed, a walk-in closet, and a full bathroom. The ground floor units have a patio integrated into the apartment and the units on the upper levels have a balcony. These condos have ceramic tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale furnished and equipped with ceiling fans and air conditioning.

You and your guests will love the incredible ocean view rooftop with two roof garden terraces and a pool with panoramic views of the entire city. It has an outdoor kitchen with a grill, a lounge area, hammocks, and an activity deck for doing yoga or hosting social gatherings. The condo building has secured gated entry, an elevator, and parking. This area also offers reliable high-speed internet access.

If you’re interested in vacation rental income, you can do no better than a condo close to the beach in Playa del Carmen. Contact one of our friendly and knowledgeable agents today for more information.