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

Xaman HaKim Playacar (Playa del Carmen, Quintana Roo, MX ) Built

$650,000 USD

Details

Photos Map

BuyPlaya Real Estate Advisors

Rob Kinnon (984) 803-2487 (Office) (518) 250-1269 (Office) (518) 874-5053 (Fax) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 3
Bathrooms: 3
Development Level: Built
Condo Fees: $680.00 USD
MLS #: 531146485

Description

Spacious Ocean View Condominium in Playacar Phase One

Playacar Phase One is a lovely gated community located on a spectacular sparkling white sand beach next to the downtown area of the fast growing Playa del Carmen. Once a small fishing village, Playa del Carmen is now a bustling seaside town with an ever-growing tourist industry. This beautiful area is one of the most exclusive addresses in the Riviera Maya and plays host to some of the most incredible homes along with ancient Mayan ruins and sweeping views of the sparkling white sand beaches and clear turquoise Caribbean Sea.

This tropical 3 bedroom condo is now for sale in Playa del Carmen in the exclusive vacation complex, Xaman Ha, within Playacar phase one. This spacious residence in a premier location within the complex enjoying stunning views of the Caribbean and the lovely pool and gardens. Xaman Ha is perfect for those who truly wish to own a vacation home in Paradise.

The kitchen, dinning and living area are displayed in an open floor plan, all facing a fabulous ocean view through the large balcony, where you can enjoy a nice breakfast and coffee with a nice ocean breeze and view. The kitchen and dinning area feel even more spacious because of its high ceilings.
The master bedroom will take your breath away with its stunning ocean view throughut very large windows. The two other bedroom are perfect to accommodate your family our your guests, with plenty of storage space and cozy bathrooms. This spacious condominium is offered for sale completely furnished, equipped and ready to move in.

This lovely complex is very popular with vacation renters. Owners and guests of this condominium enjoy access to the enormous pool and entertainment Palapa as well as reserved parking. A pool bar and food service, facing the turquoise Caribbean ocean, are also features that will make you feel on vacation, in paradise

Located in the prestigious gated oceanfront community of Playacar Phase 1, Xaman Ha Condominiums sit directly on the beautiful white beaches of the Caribbean Sea.

Mexico real estate investors will recognize the value in this prestigious location.

Please contact us for more information and to arrange a private showing of this property.

Attachments

View Listing Brochure

P2#531146485

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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.