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

BAO 2 Bedrooms Puerto Morelos ( Quintana Roo, MX ) Under Construction

$594,827 USD

Details

Photos Map

BuyPlaya Real Estate Advisors

Kelly Maier 518-250-1269 (Office) 984-803-2487 (Office) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Size: 124 sq. m.
Development Level: Under Construction
Year Built: 2025

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

Resort-style living in Puerto Morelos

BAO Puerto Morelos is a new luxury condominium complex with resort-style amenities and a fantastic location along the coast just north of the town center. The quiet seaside community of Puerto Morelos is situated in the heart of the Riviera Maya, about halfway between Cancun and Playa del Carmen, and just 20 minutes from the airport. Nature lovers will adore the proximity to the gorgeous white sandy beaches and dozens of amazing cenotes that are scattered throughout the Mayan jungle.

These new luxury condos range in size from studios to large 4-bedroom units and offer different layouts and options to suit your needs. All of the apartments feature a spacious open-concept layout with floor-to-ceiling windows that let in tons of Caribbean sunshine and some have ocean views. They have a fully equipped kitchen with an island and premium appliances, a sun-filled living room and dining area, and a private covered terrace with a jacuzzi. The bedrooms have king-size beds, closets, and luxurious en suite baths. These condos have marble floors and natural finishes that are durable and easy to maintain. They are being offered for sale fully furnished and equipped with air conditioning.

The ultimate in resort-style living, this new development boasts a full range of luxury amenities, including a beachfront infinity pool, beach and pool cabins, a swimming lane, a sky terrace with a bar, a gym, paddle courts, a restaurant, a coworking space, meeting rooms, and more. The complex is safe and secure with controlled access and 24-hour security. It has a hotel-like lobby, concierge, room service, and valet. Owners and guests can also enjoy water activities such as kayaking and paddleboarding.

These condos are perfect for people who want a Caribbean getaway for vacations or a profitable vacation rental on the beach in Puerto Morelos. Delivery is scheduled for 2025. Contact one of our friendly and knowledgeable agents today for more information.

Features

View

Ocean View
Water Front

Lot Features

Swimming Pool

Extra Features

Furnished

P2#563172940

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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.