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

Tao Chan 105 Akumal ( Quintana Roo, MX ) Built

$169,900 USD

Details

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BuyPlaya Real Estate Advisors

Dani Knod (984) 803-2487 (Office) (518) 250-1269 (Office) Request More Info

Type: Condominium
Style: Single Story
Bedrooms: 2
Bathrooms: 2
Size: 83 sq. m.
Development Level: Built
Year Built: 2017
Taxes: $2,154.00 MXN
Condo Fees: $4,449.00 MXN
MLS #: 575876973

Description

Beautiful Garden level condo with lockoff and solar panels

This luxury condo for sale at Grand Sirenis in Akumal offers inviting indoor-outdoor spaces and the perks of living in a resort community. The Grand Sirenis complex is full of lush green spaces with several cenotes and walking paths throughout. Nestled in a 550-acre Riviera Maya resort, the property is surrounded by jungle and located just minutes from the natural beauty of the Caribbean coast. This desirable resort community is safe and quiet with controlled access and 24-hour security.

This updated 2-bedroom, 2-bath garden level condo is perfect for vacation rentals or as your own home in paradise. It features a spacious open floor plan and gets tons of Caribbean sunshine. It has a fully equipped kitchen with an island, all new furniture, a new water heater, new ceiling fans, newly installed solar panels, and a laundry room with a washer and dryer. The main living space opens out onto a covered patio next to the jungle where you can typically see monkeys pass within 10 meters twice daily. The single lock-off has a twin bed, a sitting area, a kitchenette with cabinets, a private patio, and a full en suite bath. This condo has tile floors and top-quality finishes that are durable and easy to maintain. It is being offered for sale fully furnished and equipped with ceiling fans and air conditioning.

The Chan building has a beautiful community pool and a palapa with an outdoor grill, perfect for your al fresco cookouts. Owners and guests can also enjoy all the benefits of life in the Grand Sirenis resort community, including access to Bahia Principe resorts, preferential rates for Day Passes at the TAO Beach Club, and great discounts at the TAO Wellness Center and the Grand Sirenis Spa.

Perfect for people who want a Caribbean getaway for vacations, or even to retire to, this condo 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

Features

Interior Features

Ceiling Fan
Laundry Room

View

Woods

Appliances

Dryer
Hood Fan
Microwave
Refrigerator
Refrigerator - Bar
Stove
Washer
Washer/Dryer Hookup

Cooling

3+ Window / Wall Unit

Sewer/Water Systems

Public

Lot Features

Gated Community
Patio
Swimming Pool

Extra Features

Cable Available
Controlled Access
Furnished
Pets Allowed
Public Transportation
Security Guard on Duty

P2#575876973

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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.