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

Seasun Luxury Condos 2 Bedrooms Akumal ( Quintana Roo, MX ) Built

$267,743 USD

Details

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BuyPlaya Real Estate Advisors

Sarah Fouts 518-250-1269 (Office) 984-803-2487 (Cell) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Size: 94 sq. m.
Development Level: Built
Year Built: 2021

Description

ªªPLEASE NOTE THAT THE PRICE OF THIS PROPERTY IS AN ESTIMATE, IT MAY VARY DEPENDING ON THE EXCHANGE RATE OF THE DAY. FOR A MORE ACCURATE AMPUNT PLEASE CONTACT ONE OF OUR AGENTS.ªª

New luxury condos with resort-style amenities

These new vacation condos for sale at Grand Sirenis in Akumal offer inviting indoor-outdoor spaces and the perks of living in a resort community. The Sirenis complex is full of lush green spaces with several cenotes and walking paths throughout. Nestled in a 717-acre residential golf resort, the property is surrounded by world-class golfing and just minutes from the natural beauty of the Caribbean coast. This desirable resort community is safe and quiet with gated entry and 24-hour security.

These luxurious 2- and 3-bedroom condos, swim-up condos, and penthouses offer different layouts and options to suit your needs, including lock-off units for additional occupancy and earning potential. They feature a spacious open floor plan, premium appliances, and top-quality finishes throughout. They are designed to maximize space and offer comfort, innovation, and style. All of the modern residences are fully equipped with a smart home automation system, allowing owners and guests to remotely control temperature, lighting, security, and other features with an easy-to-use app.

Owners and guests at Grand Sirenis enjoy all the perks of living in a resort community, including access to a private beach, preferential rates for Day Passes at the Hotel Grand Sirenis, and great discounts at TAO Wellness Center and the Grand Sirenis spa. The resort spa boasts one of the Riviera Maya’s best hydrotherapy circuits. There is also a swimming pool and a wonderful nursery “vivero” where you can see local plants and herbs being grown, and learn about Mayan traditions and customs.

Perfect for people who want a stress-free Caribbean getaway for vacations, or even to retire to, these brand-new luxury condos will bring many years of personal enjoyment while providing an excellent income if used as a vacation rental. They are a fantastic investment opportunity for those who wish to responsibly capitalize on the growth of the Riviera Maya.

These beautiful new condos and penthouses are being offered for sale unfurnished but equipped with ceiling fans and air conditioning. Delivery is scheduled for winter 2021. Contact one of our friendly and knowledgeable agents today for presale pricing and options.

Attachments

View Listing Brochure

P2#422269237

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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.