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

Cielo Maya 4 Bedrooms Puerto Aventuras ( Quintana Roo, MX ) Under Construction

$1,279,000 USD

Details

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BuyPlaya Real Estate Advisors

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

Type: Condominium
Style: Single Story
Bedrooms: 4
Bathrooms: 4
Half Bathrooms: 1
Garage: Single
Size: 347 sq. m.
Development Level: Under Construction
Lot Size: 2000 sq. m.
Year Built: 2023

Description

New beachfront condos for sale in Puerto Aventuras

Cielo Maya is a new luxury oceanfront condominium project located inside the exclusive gated residential resort 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 this quiet seaside community. 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.

These new oceanfront condos are expansive and luxurious with 3 or 4 bedrooms and more than 3,000 sq. ft. of living space. They have a beautiful modern kitchen with an island, wine storage and premium appliances. The living room opens out onto a private terrace with spectacular ocean views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. The master bedroom has a large walk-in closet and a luxurious master bath with a double vanity and a soaking tub. These condos have floor-to-ceiling windows, exposed beam ceilings and high-quality natural materials and finishes. They are being offered for sale unfurnished but equipped with air conditioning.

A secure gated complex, Cielo Maya offers just 8 exclusive condos. You and your guests will love the incredible beachfront pool and sundeck. From here, you can step right onto the powdery white sandy beach. The condo building also has elevator access, a motor lobby and underground parking.

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.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, these condos will bring many years of personal enjoyment while providing an excellent income if used for vacation rentals. Contact one of our friendly and knowledgeable agents today for more information.

Attachments

View Listing Brochure

P2#521334738

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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.