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

Brhiza de Mar PH Puerto Aventuras ( Quintana Roo, MX ) Under Construction

$1,192,915 USD

Details

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BuyPlaya Real Estate Advisors

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

Type: Condominium
Style: Single Story
Bedrooms: 3
Bathrooms: 3
Garage: Single
Size: 226 sq. m. " 226.48 - 261.65 sq. mt."
Development Level: Under Construction

Description

New luxury condos for sale in Puerto Aventuras

Brhiza Del Mar is an exciting new oceanfront condominium development with resort-style amenities in the gated seaside community of Puerto Aventuras. Enjoy golf, tennis, sailing, yoga, snorkeling and scuba diving, as well as access to world-class deep-sea fishing and water sports, all just steps from your door in these beautiful vacation condos. Puerto Aventuras is very much a community for couples or families—most of the restaurants close at 10pm and there are strict noise ordinances after 11pm.

This beautiful new residential development features 119 luxury two- and three-bedroom condos and penthouses with different layouts and options to suit your needs. Units range in size from 1,356 sq. ft. (126 m2) to 3,056 sq. ft. (284 m2) and offer sweeping views of the Caribbean Sea, the marina, and the golf course. They are designed to maximize space and offer comfort, innovation, and style. All of the modern residences have spacious open floor plans, wall-to-wall windows, and a private balcony or terrace with ocean views. They have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with air conditioning.

Owners and guests at Brhiza Del Mar enjoy access to the spectacular beachfront with a palapa area, a BBQ area, a swimming pool, a sunbathing area, and five Jacuzzis. Additional amenities include a fitness center, a multipurpose room with table games, a business center, and a playroom. The condo building is safe and secure with gated entry, a hotel-like lobby, parking, and 24-hour security.

Puerto Aventuras is nestled in the heart of the Riviera Maya, about halfway between Playa del Carmen and Tulum and just over an hour drive from Cancun International Airport. Enjoy all the Riviera Maya has to offer; just a short drive to either Tulum, famous for its miles of pristine white sand beach next to the ancient Mayan ruins, or the bustling seaside world class tourist destination of Playa del Carmen, well-known for fantastic shopping, international cuisine and exciting nightlife.

These condos are perfect for vacation rentals or as your own home in paradise. Delivery is scheduled for 2024. Contact one of our friendly and knowledgeable agents today for more information.

Attachments

View Listing Brochure

P2#444477119

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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.