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 | Ikal Living 3 Bedroom PH | Condo for sale in Playacar

Ikal Living 3 Bedroom PH

Playacar Phase 2 (Playa del Carmen, Quintana Roo, MX - 77710)…

3Beds 3Baths $450,000USD

$450,000 USD
$7,906,500 MXP
Estimate only. Updated Daily.

Danielle Knod

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Playacar
Property Size: 294.85 - 295.81 sq. mt.
Property ID: 487723787
Beds: 3
Baths: 3

Gorgeous luxury condos for sale in Playacar

These luxury condos and penthouses are located in Ikal Living, a private condominium development on a cul-de-sac in the exclusive gated golf course community of Playacar. With easy access to the gorgeous white sand beaches and sweeping Caribbean Sea views, this neighborhood offers an enviable beach lifestyle. This quiet area is just minutes from Playa del Carmen’s world-famous 5th Avenue and close to all the goods and services of town, yet feels tucked away from it all, like a true beach retreat.

These bright and modern 2- and 3-bedroom condos and penthouses are perfect for vacation rentals or as your own home in paradise. They are expansive and luxurious with more than 2,000 sq. ft. of living space. They have a fully-equipped kitchen with an island, a light-filled living and dining area and a huge covered balcony with a plunge pool. The master bedroom has a walk-in closet and a luxurious master bath with a double vanity and a bathtub. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They come equipped with all the practical amenities that you would expect, including ceiling fans, central air and a laundry room with a washer and dryer.

Ikal Living is a secure gated complex located next to the 18-hole golf course in Playacar Phase II. It is home to some of the most desirable condos in the area and offers exclusivity and privacy but also easy access to fantastic beaches. It has a beautiful garden level pool area with landscaped tropical gardens. Playacar residents also enjoy privileged access to beach clubs and discounts at the golf course.

Perfect for use as a vacation home or as a year-round residence, these luxury condos will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.