A Legacy of Service Excellence
Playa Real was one of the first real estate agencies to open in Playa del Carmen. We have an extensive 18-year history of satisfied customers.
You can expect to receive direct, personal attention from any of our three associates:
Vicky Fernandez
Tamara Fernandez
Karla Marmolejo
Frequently Asked Questions
Mexico Real Estate FAQ
Can foreigners own property in Mexico? |
Yes, foreigners can own real estate in Mexico. |
What is the Restricted Zone? |
The belt of 100 km along the border or 50 km along the coast is known as the Restricted Zone. Foreigners CAN acquire beachfront property here through a trust or a Mexican Company. |
What is a fideicomiso? |
A fideicomiso is a trust acquired through a bank to obtain rights over a certain property. |
What do I need to do to establish a fideicomiso? |
All you do is choose a bank to be your representative or trustee. This bank will get a special permit from the Foreign Affairs Ministry for a certain property. |
What legal rights do I have over the property through a fideicomiso? |
You have all the legal rights that a normal ownership give you. You may sell the property, modify it, transfer it, build on it, lease it, mortgage it, etc. |
What is the cost of the fideicomiso? |
The bank charges an initial fee for the preliminary studies and drawing up of the agreement. This varies from bank to bank, but is approximatly $2,600. Then the bank charges a yearly fee, which is a percentage of the property value for the services as a trustee. |
Can a foreigner own a business in Mexico? |
As a foreigner, you may own a Mexican Corporation, who in turn will own the business. |
How much are the closing costs? |
The closing costs vary depending on the value of the property, but they are usually between 5-7% of the property value |
Who pays for the closing costs? |
The buyer pays the closing costs. The seller normally pays for the capital gains tax. |
Who registers the title? |
A Notary Public, who is a government appointed lawyer that acts on its behalf to insure the proper transfer of the property, registers the title. |
Playa Real knows how to buy real estate in Mexico, and we will help you!
-
Creating a Fideicomiso
(necessary for foreigners to own land for personal non-commercial use, such as for a vacation home) -
Forming a Mexican Corporation
(necessary for foreigners buying land to run a business) -
Mexico's Restricted Zone
(real estate along the coast or Mexican border)
Contact Us:
Call 52-954-873-0446 or 52-984-873-0447
or Email Playa Real
© Playa Real Playa del Carmen Real Estate Realtor representing commercial, residential, investment and Mexican beach front real estate for sale in Mexico's Mayan Riviera, Costa Maya, Riviera Maya, Playa del Carmen, Majahual, Cancun, Mahahual, Tulum, Xcalak, Mahahual, Mexican Beaches and the Yucatan. Mexican Caribbean real estate experts. www.playareal.com
