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

Real Del Carmen 44 Playacar Phase 2 (Playacar, Quintana Roo, MX - 77710) Built

$249,000 USD

Reduced!

Details

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BuyPlaya Real Estate Advisors

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

Great decor and furnishings
Type: Residential
Style: 2 Story
Bedrooms: 2
Bathrooms: 3 "Plus a half bath"
Garage: "Off street parking"
Size: 1,950 sq. ft.
Development Level: Built
Lot Type: Rectangular
Year Built: 2006
Condo Fees: $3,531.00 MXN

Description

Real Del Carmen is located in the gated Golf Course Community of Playacar Phase 2, offering community amenities such as a club house equipped with bathrooms, changing rooms and a bar area, 3 large swimming pools plus a smaller pool for children, tennis courts and controlled access to the Real Del Carmen properties.

This 2 bedroom villa has been decorated and furnished with a traditional Mexican feel using cheerful colors and traditional art work adding fantastic character to the property. With 3 full bathrooms and 1 half bathroom, a patio off the back and views of the golf course from both of the large bedrooms.

Attachments

Listing Brochure

P2#33291878

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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.