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

Grand Sirenis Lots Grand Sirenis Resort (Sirenis, Quintana Roo, MX ) Land Only

SALE PENDING $140,000 USD

Details

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BuyPlaya Real Estate Advisors

Marieke Brown 984-803-2487 (Office) 518-250-1269 (Office) Request More Info

Type: Lots and Land
Style: Single Story
Development Level: Land Only
Lot Size: 1000 sq. m.

Description

Lot for sale in Grand Sirenis

We are proud to present this residential lot measuring 1,000 sq. m. in the Grand Sirenis resort community. This exclusive Riviera Maya resort community is made up of dedicated home owners who settle for nothing short of the very best. The Sirenis complex is full of lush green spaces with several cenotes and walking paths throughout. Conveniently located just 25mins drive from Playa del Carmen or Tulum, it is surrounded by tropical jungle and waking distance to white sandy beaches and the natural beauty of the Caribbean coast. This desirable resort community is safe and quiet with gated entry and 24-hour security, and is the perfect place to build your dream home in the Riviera Maya.

Owners and guests at Grand Sirenis enjoy all the perks of living in a resort community, including access to a private residents beach, preferential rates for Day Passes at the Grand Sirenis Hotel, and the Grand Sirenis spa. The resort spa boasts one of the Riviera Maya’s best hydrotherapy circuits. The Grand Sirenis Residences now include a 24 hour convenience store, a dive center, and a wonderful nursery “vivero” where you can see local plants and herbs being grown, and learn about Mayan traditions and customs.

The lot has full infrastructure including water, electricity, drainage, paved roads and lighting, most of Grand Sirenis is now has high speed fibre optic internet lines.

Contact one of our friendly agents today about this fantastic opportunity to build in paradise!

Attachments

View Listing Brochure

P2#350367177

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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.