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

Browse ALL Lots/Land

Sort By:


17 photos Aire Tulum, Tulum $39,183 USD City Tulum Size 356 sq. m. Style Lot / Land Request More Info
7 photos Riviera Tulum Phase 1, Tulum $40,000 USD City Tulum Size 207 sq. m. Style Lot / Land Request More Info
7 photos 2 Hectares for Sale, Chemuyil $55,000 USD City Chemuyil Style Lot / Land Request More Info
6 photos Rancho Santa Teresita Lotes, Rancho Santa Teresita "Elite Gated Jungle Community" $55,000 USD "$52,500 - $57,500" City Akumal Size 4944 sq. m. Style Single Story Request More Info
24 photos Lote F2, Los Arboles $60,000 USD City Tulum Style Single Story Request More Info
26 photos Los Arboles A25, Tulum $60,000 USD City Tulum Style Lot / Land Request More Info
9 photos El Canto Lots, Tulum $61,331 USD City Tulum Size 314 sq. m. Style Lot / Land Request More Info
26 photos Los Arboes i9, Tulum $65,000 USD City Tulum Style Lot / Land Request More Info
7 photos Lot C 18, Tulum $69,000 USD City Tulum Style Lot / Land Request More Info
6 photos Los Arboles Tulum Corner Lot D2, Los Arboles $70,000 USD City Tulum Style Single Story Request More Info
8 photos Los Arboles Tulum H9, Tulum $72,174 USD City Tulum Style Lot / Land Request More Info
7 photos Los Arboles Tulum H8, Tulum $80,000 USD City Tulum Style Lot / Land Request More Info
8 photos Los Arboles Tulum H10, Tulum $80,000 USD City Tulum Style Lot / Land Request More Info
8 photos El Jaguar Lots, Selvamar "16 Residential Lots" $85,000 USD "Starting at $85,000" City Playa del Carmen Size 3337 sq. ft. Style Lot / Land Request More Info
31 photos Lots Region 15, Region 15 $87,600 USD City Tulum Style Lot / Land Request More Info
<< Prev 1 2 3 4 5 6 7 8 9 10 [11 - 20] Next >>

Satisfied Clients

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

BuyPlaya Reviews

5/5 stars