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

Puerto Morelos Real Estate Listings

The first major town south of Cancun, Puerto Morelos has managed to maintain the tranquility and pace of a sleepy fishing village. Unlike Cancun and Playa del Carmen, the town has seen little change in the past decade. Recently, we are noticing a surge of development. Beachfront villas, new hotels and even condo complexes are springing up seemingly overnight. The introduction of El Cid may have spurred this new interest in the area but, comparatively speaking, Puerto Morelos still remains a quaint and quieter alternative to busy tourist driven towns.

The Puerto Morelos Real Estate Listings displayed on www.BuyPlaya.com are those that we personally know and recommend. We can confirm the availability of the property and the accuracy of the information listed.

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

Check out these listings for Playacar Real Estate.

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20 photos Carey Sunset 1 Bedroom, Puerto Morelos $160,000 USD City Puerto Morelos Size 48 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 1 Bathrooms 1 Condo Fee $100 USD Request More Info
14 photos Distrito Puerto Loft, Puerto Morelos $169,520 USD City Puerto Morelos Size 45 sq. m. Style Single Story Type Condominium Development Level Built Bedrooms 1 Bathrooms 1 Request More Info
49 photos Mayakaan Studio, Puerto Morelos $175,485 USD City Puerto Morelos Size 47 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 1 Bathrooms 1 Request More Info
14 photos Distrito Puerto, Puerto Morelos $212,160 USD City Puerto Morelos Size 61 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 1 Bathrooms 2 Request More Info
50 photos Mayakaan 1 Bedroom, Puerto Morelos $225,447 USD City Puerto Morelos Size 56 sq. m. Style Single Story Type Condominium Built 2022 Development Level Under Construction Bedrooms 1 Bathrooms 1 Request More Info
50 photos Mayakaan 2 Bedrooms, Puerto Morelos $300,038 USD City Puerto Morelos Size 84 sq. m. Style Single Story Type Condominium Built 2022 Development Level Under Construction Bedrooms 2 Bathrooms 2 Request More Info
14 photos Distrito Puerto 2 Bedrooms, Puerto Morelos $346,320 USD City Puerto Morelos Size 89 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 2 Bathrooms 3 Request More Info
49 photos The Fives 1 Bedroom, Puerto Morelos $399,000 USD City Puerto Morelos Size 76 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 1 Bathrooms 1 Request More Info
16 photos Distrito Morelos 3 Bedrooms, Puerto Morelos $491,540 USD City Puerto Morelos Size 126 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 3 Bathrooms 3 Request More Info
50 photos Mayakaan 3 Bedrooms, Puerto Morelos $515,160 USD City Puerto Morelos Size 143 sq. m. Style Single Story Type Condominium Built 2022 Development Level Under Construction Bedrooms 3 Bathrooms 2 Request More Info
16 photos Distrito Morelos 3 Bedroom PH, Puerto Morelos $544,160 USD City Puerto Morelos Size 141 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 3 Bathrooms 3 Request More Info
16 photos Distrito Morelos 4 Bedroom PH, Puerto Morelos $905,996 USD City Puerto Morelos Size 238 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 4 Bathrooms 4 Request More Info
52 photos The Fives 2 Bedrooms, Puerto Morelos $989,000 USD City Puerto Morelos Size 121 sq. m. Style Single Story Type Condominium Development Level Under Construction Bedrooms 2 Bathrooms 2 Request More Info

More Listings

For a broader range of properties that may be available in Puerto Morelos 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.