Condo Common Elements For Sale Playa Del Carmen In Clark
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The Mexican property tax is known as “predial.” These taxes are generally lower than those in the United States, with rates varying by state and typically ranging from 0.05% to 1.2% of the property's “cadastral value.” That means the assessed value, as determined by local authorities, is often significantly less than ...
When you buy real estate in Playa del Carmen you are making one of the best investments. Luxury condos in Playa del Carmen beat the stock market, with an 8-13% return on investment. The stock market's average is 5.43% per year.
Because Playa del Carmen is so close to the coast (less than 50 kilometers), foreign buyers and investors must follow the rules for the so-called Restricted Zone. Even though foreigners can't own iniums directly, they can own them through a Fideicomiso (bank trust).
Key points: Owning property in Playa del Carmen involves a few key steps. First, choose the right property and work with a knowledgeable real estate agent. As a foreigner, you can own property through a fideicomiso (bank trust) or a Mexican corporation.
The process for purchasing property is streamlined, and foreign investors can own real estate outright through a bank trust. This favorable investment climate, coupled with the potential for significant capital appreciation, makes Playa del Carmen an attractive market for international investors.
Playa del Carmen is one of the touristic destinations with the biggest growth in the country, attracting more tourists every year, which induced it to also become one of the most expensive options to travel to.
