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

Cancun ( Quintana Roo, MX - 77567) Land Only

$208,488 USD

Details

BuyPlaya Real Estate Advisors

Rob Kinnon (984) 803-2487 (Office) (518) 250-1269 (Office) (518) 874-5053 (Fax) Request More Info

Type: Lots and Land
Style: Single Story
Size: 419 sq. m.
Development Level: Land Only
MLS #: DLCA202-7

Description

DLCA202-7
Land in gated community 420 m2, live surrounded by with lakes, clubhouse, cycle track, sports fields, pools, gym, spa, and more, in Lagos del Sol, Cancun, for sale

Land in private community for sale in Cancun. Build the home of your dreams and live surrounded by amenities and entertainment for your whole family.

Enjoy the tranquility, security and fun that Lagos del Sol offers you.

SERVICES

- Paved wide roads
- Water service
- Light
- Sewer system.

PROPERTY STATUS

Property title, legal certainty.

LOCATION

Located just 9 minutes from the closest beach in Punta Nizuc area, 5 minutes from Cancun International Airport, 19 minutes to "La Isla Cancun Shopping Village" and 14 minutes to the city downtown.

ABOUT LAGOS DEL SOL

Lagos del Sol is one of the most exclusive and high-value private communities in Cancun.

Unique comprehensive gated community with 2 large lakes, the first of 40 hectares and a secondary one of 24 hectares.

It has private security 24 hours a day and internal patrol, to guarantee maximum security and tranquility. With the best urbanization, wide avenues with bridges, a boardwalk with a beach-type area and a clubhouse with luxury amenities.

AMENITIES OF THE COMMUNITY

-More than 40 HA of lake with beach-type areas, dock, palapa and children's area.
-Club House.
-Cycle track.
-Security 24/7 with Controlled Access.
-Waste treatment (80% of the garbage is used).
-LAGOS PLUS CARD (Agreements with Golf Courses with a special price for residents of Lagos del Sol and Day Pass 365 days a year in beach front hotels)

CLUB HOUSE AMENITIES

-Motor lobby.
- Outdoor playground for children.
-Bathrooms and showers.
-3 Palapas and gardens for events.
-Family pool and semi Olympic swimming pool.
-Gym.
-Spa.
-Playroom.
-Tennis, Squash and basketball courts.
-Business Center.
-Cafeteria with terrace.
-Baths with steam.
-Multi-purpose room.
-Wifi.

NEW AMENITIES

In March 2022 the new amenities of Lagos del Sol are inaugurated.

-Baby games
-Games for kids
-Outdoor gym
-Park for dogs
-Areas of meditation
-Soccer field
-Park for skateboards
-Water area
-Walking trails

If you want to visit this lot and know more about Lagos del Sol, contact us, it will be a pleasure to advise you on your new investment in Cancun.

Click on the contact button for more information or to schedule an appointment.

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Attachments

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Brokered and Advertised by : Selva & Co

P2#475727584

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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.