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 | Sur 307 One Bedroom | Condo for sale in Playa Del Carmen

Sur 307 One Bedroom

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

1Beds 1Baths $106,239USD

$106,239 USD
$1,858,120 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playa Del Carmen
Property Size: 34.88 – 51.34 Square Meters
Property ID: 531151314
Beds: 1
Baths: 1

New condos for sale in Playa del Carmen

Sur 307 is a new condominium project with 23 apartments in the fast-growing Ejido Sur neighborhood of Playa del Carmen. Located on the jungle side of the highway, this quiet area is just 10 minutes from the white sandy beaches and all the excitement of world-famous 5th Avenue. This new development is also close to banks, the Centro Maya Mall, Sam’s Club, hospitals, schools, and city services. Playa del Carmen is located about halfway between Cancun and Tulum and just 45 minutes from the airport.

These new 1- and 2-bedroom condos offer different layouts and options to suit your needs, including lock-off options for additional occupancy and earning potential. They have an open concept layout with a full kitchen with a breakfast bar, a living room, and a laundry area. The living room and bedrooms have custom melamine closets and shelving units that provide plenty of storage space. Almost all of the apartments have a private balcony off the living room or bedroom. 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 ceiling fans and air conditioning.

A secure gated complex, Sur 307 offers a full range of luxury amenities. You’ll love the incredible rooftop with a swimming pool and sunbathing area. The condo building also has a gym, a yoga area, an open-air cinema, a sky bar, a hammock lounge, a fire pit, a jacuzzi, a sauna, a coworking space and more. This area offers reliable, high-speed Internet access, so you can easily stay connected.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2023. Contact one of our friendly and knowledgeable agents today for presale pricing and options.