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

Natura at Selvamar Playa del Carmen ( Quintana Roo, MX ) Under Construction

$140,000 USD

Details

Photos Map

BuyPlaya Real Estate Advisors

Dani Knod (984) 803-2487 (Office) (518) 250-1269 (Office) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 1
Bathrooms: 1
Garage: Single
Size: 79 sq. m. "79 - 153 sq. mt."
Development Level: Under Construction
Condo Fees: $120.00 USD

Description

Natura Selvamar – Affordable, Modern Condominiums for Sale in Playa del Carmen

Natura is an exclusive residential building of 22 condominiums to be built inside the private, gated community of Selvamar, just north of downtown Playa del Carmen. There are 1 and 2 bedroom units available, ranging in size from 79 m2 to 202 m2, all fully equipped with energy efficient minisplit air-conditioners and kitchen appliances. Each unit will have its own private terrace with views of the jungle. The penthouses will offer a private rooftop solarium with pergola, dining and lounging areas, a wet bar and full bathroom.

Other amenities at Natura Selvamar include reserved parking for one vehicle in a covered garage, 24-hour security and a spectacular common pool with plenty of space for lounging and tropical landscaping,

The Natura complex will be surrounded by both landscaped green spaces and natural jungle with paths for walking, jogging or biking. The excellent 24/7 manned security and easy access to the beach club have made Selvamar very popular with families and retirees relocating to the Riviera Maya. Families with young children will appreciate the excellent private Montessori school located close by.

Inside Selvamar, other amenities include tennis and basketball courts and a soccer pitch. This popular residential neighborhood offers security and tranquility for residents and guests with its peaceful atmosphere, indigenous trees and flowering plants and lovely paths for walking, jogging and bike riding. The community also has a restaurant and convenience store and its own beach club with restaurant and bar, massage services and plenty of loungers and hammocks for relaxing and enjoying all that the Riviera Maya has to offer.

Natura Selvamar will be just a short drive away from downtown Playa del Carmen where you can find the best nightlife, shopping and international cuisine. Live in comfort and style in a quiet residential community yet close to all the excitement Playa del Carmen has to offer.

Contact us today for more information and to reserve your condominium at great pre-construction discounts.

Attachments

View Listing Brochure

P2#277706805

top

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.