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

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8 photos Los Arboles Tulum H7, Tulum $72,944 USD City Tulum Type Residential Taxes $100 USD Condo Fee $136 USD Request More Info
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32 photos Cantil de California, Playa del Carmen $80,000 USD City Playa del Carmen Size 91 sq. m. Type Residential Bedrooms 3 Bathrooms 2 Taxes $1300 MXN Condo Fee $600 MXN Request More Info
9 photos MAHA Chetana, Tulum $148,350 USD City Tulum Size 64 sq. ft. Type Residential Bedrooms 2 Bathrooms 1 Request More Info
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28 photos Casa Gaviotas, Playa del Carmen $160,000 USD City Playa del Carmen Size 60 sq. m. Type Residential Bedrooms 2 Bathrooms 1 Request More Info
38 photos Casa Ciruela, LOS OLIVOS $160,000 USD City Playa del Carmen Size 147 sq. ft. Type Residential Bedrooms 3 Bathrooms 2 Taxes $3000 MXN Condo Fee $1,400 MXN Request More Info
22 photos Solemn Skyview 1 Bedroom, Tulum $184,500 USD City Tulum Size 121 sq. m. Type Residential Bedrooms 1 Bathrooms 1 Request More Info
11 photos Helena 2 Bedrooms, Tulum $187,600 USD City Tulum Size 67 sq. m. Type Residential Bedrooms 2 Bathrooms 2 Request More Info
Sale Pending 51 photos TAO Townhouse E8, Bahia Principe SALE PENDING $190,000 USD City Akumal Type Residential Bedrooms 2 Bathrooms 2 Taxes $380 USD Condo Fee $300 USD Request More Info
21 photos Menesse Tulum Studio PH, Tulum $190,000 USD City Tulum Size 80 sq. m. Type Residential Bedrooms 1 Bathrooms 1 Request More Info
67 photos Surenna Houses, Tulum $199,000 USD City Tulum Size 154 sq. ft. Type Residential Bedrooms 3 Bathrooms 3 Request More Info
Sale Pending 41 photos Casa Madrid, Playa del Carmen SALE PENDING $199,000 USD City Playa del Carmen Size 186 sq. m. Type Residential Bedrooms 2 Bathrooms 1 Taxes $3000 MXN Condo Fee $970 MXN Request More Info
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33 photos Grand Privada Jabin, Tulum $200,000 USD City Tulum Size 105 sq. m. Type Residential Bedrooms 1 Bathrooms 1 Condo Fee $3,000 MXN Request More Info
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