This form is a Master Deed. This Master Deed is executed by a developer pursuant to the provisions of the Condominium Act. The deed contains a legal description of the project and the responsibilities of the co-owner.
Condo Common Elements For Sale Playa Del Carmen In Collin
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State:
Multi-State
County:
Collin
Control #:
US-00454
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Word;
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FAQ
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.
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.
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.
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 ...
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).