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 citizens.

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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 $100 usd per $100,000 usd of assessed value yearly.

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When you arrive to Mexico, a Tourist Visa is issued. The Tourist Visa allows you to remain in Mexico for up to 180 days–almost six months–without working. You also have the option while in your home country to apply for a Temporary Resident Visa, which is valid for a 12-month period and can be renewed for up to four years.
the only way a foreigner can own property in Mexico without a bank trust is to become a Mexican citizen or to establish a Mexican corporation. The corporation is then the direct owner of the property and enjoys the right to conduct business in Mexico

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Typically, the buyer here in Mexico pays the transfer of acquisition tax and all other closing costs, including the notary fees. The seller pays his capital gains tax and the broker’s commission.

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Closing costs in Mexico range from 5-7% of the assessed value of the property.

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Almost 95% of real estate in Mexico is bought with cash. Presently, there are a few American institutions providing financing to Americans and Canadians in order to purchase houses or condominiums that are already built. In most transactions, the only financing is provided by the seller. Most transactions are by cash or transfers with the purchaser making arrangements back home

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You will be dealing with a real estate company, attorney, bank if using fideicomiso, and a notary. The Agency, Playa del Carmen will help you throughout the process, representing your interests in the best possible way as your trusted real estate company.

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Foreigners often worry about their land being expropriated by the Mexican government. Under the North American Free Trade Agreement, NAFTA, Mexico may not directly, or indirectly, expropriate property except for a public purpose. This is the same as “Eminent Domain” in the U.S. Where it is necessary to expropriate land, swift and fair market compensation must be paid, together with accrued interest.

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Yes! 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.

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Yes! 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.

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