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

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 Real Estate Listings

If you see a Cancun vacation property that is of interest to you or have a question about a particular Cancun Real Estate Listing, we would be happy to make contact with the appropriate Real Estate Listing Agent to confirm availability. Contact us HERE.

Checkout this listings for Puerto Morelos Real Estate

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3 photos Zona Hotelera (Cancun) $30,000 USD "$500,000 pesos" City Cancun Hotel Zone Size 366 sq. ft. Development Level Built Listing Created 11-Jan-2019 Request More Info
Sale Pending 6 photos Cancun (Cancun) SALE PENDING $45,000 USD "$750,000 pesos" City Cancun Size 50 sq. m. Development Level Built Bedrooms 2 Bathrooms 1 Listing Created 22-Jan-2019 Request More Info
7 photos Cancun (Cancun) $47,222 USD City Cancun Development Level Land Only Listing Created 29-Jan-2019 Request More Info
22 photos Cancun (Cancun, Mexico) "GREAT ECO-FRIENDLY FARMS!!" $50,000 USD "*HUGE GARDEN LOTS!!" City Cancun Development Level Land Only Listing Created 30-Aug-2017 Request More Info
2 photos Cancun (cancun) $50,202 USD City cancun Size 11861 sq. ft. Development Level Built Listing Created 15-Oct-2019 Request More Info
2 photos Colegios (Cancun) $52,778 USD "$950,000 pesos" City Cancun Development Level Built Listing Created 20-Mar-2019 Request More Info
2 photos Zona Hotelera (Cancun) "$1,000,000 pesos" $59,000 USD City Cancun Hotel Zone Size 657 sq. ft. Development Level Built Listing Created 10-Jan-2019 Request More Info
7 photos Cancun $65,000 USD "$1,170,000.00 MXN " City Cancun Size 180 sq. m. Development Level Under Construction Listing Created 10-Sep-2019 Request More Info
4 photos Cancun Hotel Zone $70,000 USD City Cancun Hotel Zone Size 54 sq. ft. Development Level Built Bathrooms 6 Listing Created 29-Aug-2019 Request More Info
Sale Pending 17 photos Cancun (Cancun) SALE PENDING $75,000 USD "$1,350,000 pesos" City Cancun Size 190 sq. m. Development Level Built Bedrooms 3 Bathrooms 2 Listing Created 22-Jan-2019 Request More Info
3 photos Cancun $76,359 USD City Cancun Size 602 sq. ft. Development Level Built Bathrooms 2 Listing Created 06-Jan-2019 Request More Info
17 photos Bahia Azul $88,888 USD "$1,600,000.00" City Cancun Size 1001.04 sq. ft. Development Level Built Bedrooms 2 Bathrooms 2 Listing Created 15-Oct-2019 Request More Info
13 photos Cancun $99,000 USD City Cancun Size 13993 sq. ft. Development Level Built Listing Created 07-Jan-2019 Request More Info
10 photos Cancun (Cancun) $99,734 USD "$1,795,200 pesos" City Cancun Development Level Built Listing Created 20-Mar-2019 Request More Info
11 photos (New Construction) Arbolada $107,778 USD "$1,940,000 pesos" City Cancun Size 979.51 sq. ft. Development Level Under Construction Bedrooms 2 Bathrooms 2 Listing Created 01-May-2019 Request More Info
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For a broader range of properties that may be available in Playa del Carmen and all along the Riviera Maya, please click on the "More Listings" link above. These listings are imported from numerous external Real Estate Agencies and stored in a centralized database. The data is only as good as the agents who maintain it. For this reason, we can neither confirm the current availability of these listings nor the accuracy of the information given. Unfortunately, much of the information may be out of date.

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Rob Kinnon is the owner/broker for BuyPlaya Real Estate Advisors.

He says, "Our customers have rated us an average of 5 out of a possible 5 stars for client satisfaction approval reviews." for more information about Playa Del Carmen http://en.wikipedia.org/wiki/Playa_del_Carmen

Written by: Rob Kinnon

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