Riviera Maya is one of the most desirable destination on the planet. With perfect climate, amazing cuisine and Mayan history, it is a true treasure .It’s no surprise that 40 million people travel here every year, making investing in real estate not only likely a lucrative financial move, but an exciting adventure as well.
Whether you’re interested in the big resort, shopping and club scene in Cancun; the hip urban, Euro-style vibes in Playa Del Carmen; or the Bohemian eclectic lifestyle in Tulum… Riviera Maya doesn’t disappoint.
The white sand beaches and turquoise waters make any of these destinations even more desirable.
Investing in real estate in Playa del Carmen, Cancun or Tulum reveals a world of amenity-rich developments at prices significantly more appealing than their counterparts in the U.S. or Canada. This makes the region an idyllic haven, whether for vacation, retirement, or income property.
Given the global demand to rent and vacation in this picturesque haven, the potential for substantial rental income on real estate investments in Riviera Maya adds yet another enticing dimension to the allure of this extraordinary destination.
It’s a pretty common misunderstanding that foreigners can’t own real estate in Mexico, but the truth is, they totally can. You don’t need a special resident visa or status to own property there as a foreigner.
BUT, there is what’s called a “restricted zone.” In this zone (details below), both foreign individuals and corporations can possess all the rights and responsibilities that come with owning a residential property in Riviera Maya. But the property title is kept in a bank trust, called a Fideicomiso.
In the realm of property ownership in Mexico, comprehending the process involves recognizing that ALL property in Riviera Maya falls within the “Restricted Zone.” This zone encompasses ALL land situated within 100 kilometers of any national border and within 50 kilometers of any ocean.
According to the Mexican Constitution, direct title acquisition of land within the Restricted Zone is prohibited for foreigners.
To foster foreign investment in coveted coastal areas like Cancun, Playa Del Carmen, and Tulum, Mexico introduced the Foreign Investment Law.
This law facilitates indirect land ownership for foreigners within the Restricted Zone through two avenues: utilizing a Mexican corporation for non-residential property or opting for a Bank Trust (Fideicomiso) for residential property.
Understanding these legal avenues is key to navigating property ownership in Mexico.
Whether you’re interested in the big resort, shopping and club scene in Cancun; the hip urban, Euro-style vibes in Playa Del Carmen; or the Bohemian eclectic lifestyle in Tulum… Riviera Maya doesn’t disappoint.
The white sand beaches and turquoise waters make any of these destinations even more desirable.
Investing in real estate in Playa del Carmen, Cancun or Tulum reveals a world of amenity-rich developments at prices significantly more appealing than their counterparts in the U.S. or Canada. This makes the region an idyllic haven, whether for vacation, retirement, or income property.
Given the global demand to rent and vacation in this picturesque haven, the potential for substantial rental income on real estate investments in Riviera Maya adds yet another enticing dimension to the allure of this extraordinary destination.
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