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

Casa Kin Ha Akumal ( Quintana Roo, MX ) Built

SOLD $195,000.00 USD

Details

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BuyPlaya Real Estate Advisors

Marieke Brown 984-803-2487 (Office) 518-250-1269 (Office) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Half Bathrooms: 1
Garage: Single
Size: 140 sq. m.
Development Level: Built
Year Built: 2008
Taxes: $3,228.00 MXN
Condo Fees: $2,300.00 MXN

Description

Beautiful two-story condo with direct pool access

This well-appointed garden level condo for sale at Grand Sirenis in Akumal offers inviting indoor-outdoor spaces and the perks of living in a resort community. The Sirenis complex is full of lush green spaces with several cenotes and walking paths throughout. Nestled in a 717-acre residential golf resort, the property is surrounded by world-class golfing and just minutes from the natural beauty of the Caribbean coast. This desirable resort community is safe and quiet with gated entry and 24-hour security.

This two-story condo is perfect for vacation rentals or as your own home in paradise. It has a spacious open floor plan that opens out onto a private patio with direct access to the common pool area. This is a lovely spot to enjoy coffee in the morning or dine al fresco. The main floor of this home has an equipped kitchen, a bright living area and a half bath. The two upstairs bedrooms have ample closet space and en suite baths. The master bedroom has a private balcony that overlooks the pool and landscaped tropical gardens. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It comes equipped with hurricane shutters, ceiling fans, two mini splits, one central air conditioning, and two storage rooms.

Owners and guests at Grand Sirenis enjoy all the benefits of living in a resort community, including access to Bahia Principe resorts, preferential rates for Day Passes at the TAO Beach Club, and great discounts at TAO Wellness Center and the Grand Sirenis spa.

This condo is perfect for people who want a stress-free Caribbean getaway for vacations, or even to retire to. Contact one of our friendly and knowledgeable agents today for more information.

Attachments

View Listing Brochure

P2#470692860

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Information about Playa del Carmen real estate displayed on this website is deemed to be correct but not guaranteed. Please contact me to confirm all information at Rob@BuyPlaya.com.