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

Villa Eva Luxury Bahia Principe (Akumal, Quintana Roo, MX ) Built

$689,000 USD

Details

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BuyPlaya Real Estate Advisors

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

Type: Residential
Style: Single Story
Bedrooms: 6
Bathrooms: 6
Half Bathrooms: 2
Garage: Triple
Size: 650 sq. m.
Development Level: Built
Lot Size: 557 sq. m.
Year Built: 2015

Description

Luxury home for sale in Grand Bahia Principe

Now for sale in Grand Bahia Principe, this beautiful villa offers luxury amenities and the perks of living in a Riviera Maya resort community. Nestled in a 717-acre residential golf resort in Akumal, this huge home is surrounded by world-class golfing and just minutes from the natural beauty of the Caribbean coast. Bahia Principe is situated in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum, and just 50 miles (80 km) south of Cancun International Airport.

This modern residence is expansive and luxurious duplex style home, with 3 bedrooms, 3 baths and 1 half baths on each level. The floor plan is open with the kitchens and living areas opening out to balconies which overlook the pool. The full kitchens have an island and premium appliances, including a refrigerator, a microwave, a dishwasher, an oven and a stove with a hood. The home features hardwood floors, a washer and dryer, and parking for three vehicles. It sits on a quiet street in a private, gated sub-community next to the golf course and features a gorgeous private pool and a large rooftop Jacuzzi terrace with an outdoor grill, perfect for entertaining friends and dining al fresco under the stars. A very short walk from the home is also the neighborhood pool with gym and kids playground area giving great access to additional recreational space.

Owners and guests also enjoy all the benefits of life in Bahia Principe including access to the resort’s world-class 27-hole golf course designed by Robert Trent Jones II, beautifully landscaped tropical gardens, tennis and basketball courts, restaurants, bars, and two fabulous beach clubs.

Perfect for owners in search of the laid-back Caribbean lifestyle, this is a unique property in an idyllic part of the Riviera Maya coast. Located inside an exclusive Riviera Maya golf course community, it offers exclusivity and privacy but also easy access to fantastic beaches.

This incredible home is perfect for use as a vacation rental or as your own home in paradise. Contact one of our friendly agents today for more information or to schedule a showing.

Attachments

View Listing Brochure

P2#350367192

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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.