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 | Villa Bonita | House for sale in Playa Del Carmen

Villa Bonita

Forjadores (Playa del Carmen, Quintana Roo, MX - 77716)…

4Beds 3.5Baths $560,000USD

$560,000 USD
$9,682,400 MXP
Estimate only. Updated Daily.

Sarah Fouts

Request more information

For Sale

Property Description

Property Type: House
Status: For Sale
Location: Playa Del Carmen
Property Size: 562 sq. mt.
Lot Size: 1,264 sq. mt.
Property ID: 550892320
Beds: 4
Baths: 3.5

Huge fixer-upper home for sale

If you’ve been thinking about buying a property in Playa del Carmen to fix up or rehab, this huge single-story home could be exactly what you’re looking for. This property is located on the jungle side of the highway in Playa del Carmen’s fast-growing Ejido neighborhood. It is just 10 minutes from the downtown area and all the excitement of world-famous 5th Avenue. You’re never far from sun-soaked beaches and world-class cuisine here. This world-famous tourist destination is recognized globally as having some of the most beautiful white sandy beaches and clear turquoise Caribbean waters in the world.

This property is the perfect fixer-upper you have been looking for. It sits on three large lots totaling 10,0100.4 sq. ft. (930 m2) and offers more than 6,000 sq. ft. of living space. It has four bedrooms, plus a service room, and three and a half baths. It has a full kitchen with a wrap-around bar, spacious living and dining rooms, a large enclosed patio space, and a central courtyard. The property is fully walled-in, offering a wonderful sense of security and privacy for you and your guests. The front of the house is gated and there is a detached two-car garage at the back along with a paved area that can be used for additional parking. There is also a small casita on the property. This home is being offered for sale unfurnished and unequipped, except for ceiling fans and air conditioning. It is in need of some TLC, but when it is done, you’ll have a unique home to enjoy personally or to use for your dream project.

This is a fantastic opportunity for someone looking for a real estate project with a great return. The possibilities are endless and how you use the property is only limited by your imagination. Contact one of our friendly and knowledgeable agents today for more information.