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 | La Costa Condo | Condo for sale in Puerto Aventuras

La Costa Condo

Puerto Aventuras(Puerto Aventuras, Quintana Roo, Mexico, 77733)…

1Beds 1Baths $189,000USD

$189,000 USD
$3,211,110 MXP
Estimate only. Updated Daily.

Marieke Brown

Request more information

For Sale

Property Description

Property Type: Condo
Status: For Sale
Location: Puerto Aventuras
Property Size: 53 M2
Property ID: 596364764
Beds: 1
Beds Info: Studio with loft
Baths: 1

Gorgeous waterfront studio with sleeping loft

This sun-filled studio condo is located in a popular marina front building in the exclusive gated residential resort community of Puerto Aventuras. Enjoy golf, tennis, sailing, yoga, snorkeling, and scuba diving, as well as access to world-class deep-sea fishing and water sports, all just steps from your door in this beautiful vacation condo. Puerto Aventuras is very much a community for couples or families—most of the restaurants close at 10pm and there are strict noise ordinances after 11pm.

This spacious studio is perfect for vacation rentals or as your own home in paradise. It features a fully equipped modern kitchen with a breakfast bar, a bright living room, and a small sitting area that opens out onto a private balcony with spectacular views of the marina and the tips of sailboat masts bobbing merrily in the distance. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. The sleeping loft has high ceilings so you can comfortably walk around. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale unfurnished but equipped with ceiling fans, air conditioning, and a washer and dryer.

The La Costa complex has a community pool with sun loungers, palm trees, and beautifully landscaped tropical gardens. This area also offers reliable, high-speed internet access. From here, it’s an easy walk into town for bars, restaurants, and other amenities, and an easy walk to the beach.

This condo is a great investment opportunity and you can bet it’s not going to stay on the market for long. Contact one of our friendly and knowledgeable agents today for more information.