Can foreigners really own property in Mexico?

es! 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.

Can I get financing for my real estate purchase in Mexico?

Unfortunately, at this time, there are no financing or mortgage options for foreign buyers in Quintana Roo. This can change at any time and updates will be posted.

What about the availability of title insurance?

Beginning in 1996, Stewart Title Mexico began underwriting title insurance for Mexican properties at an approximate cost of 1% of the insured amount. Other types of insurance, including property, liability, damage, and earthquake, are all readily available in Mexico, at low cost, and policies can be written to pay claims in U.S. dollars.

What can I expect to pay in property taxes?

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

Who will manage my property when I am not using it?

Choosing the right Property Management company can mean the difference between an excellent appreciating investment and a huge liability. If you are a property owner in search of Property Management, we are happy to be able to refer you to the best, most professional Property Management companies and will gladly arrange a meeting with their teams. The right management company for you will take the time to a construct a cohesive plan that will best serve your particular needs and help you to realize your property's maximum potential and protect your investment.

Why should I consider buying property in Mexico?

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

Playa Del Carmen and Tulum Mexico Real Estate | Xelest | Condo for sale in Playa Del Carmen

Xelest

Real Ibiza (Playa del Carmen, Quintana Roo, Mexico, 77723)…

3Beds 2Baths $212,121USD

$212,121 USD
$4,216,965 MXP
Estimate only. Updated Daily.

Sarah Fouts

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status New-construction
Location: Playa Del Carmen
Property Size: 122 M2
Property ID: 603722974
Beds: 3
Baths: 2

New condos with luxury amenities

Xelest is an exciting new condominium project with 120 units and a great location in the heart of Playa del Carmen. The complex is situated on the jungle side of the highway, just a few minutes from the new Municipal Building, the Planetarium, the Cultural Center, and the City Theater. It is just 15 minutes from world-famous Fifth Avenue and the gorgeous white sandy beaches. It is also close to public transportation stops, supermarkets, shopping malls, restaurants, pharmacies, and more.

These beautiful new 3-bedroom, 2-bath condos have everything you could want in a vacation home or a year-round residence. They feature a spacious open floor plan and get tons of Caribbean sunshine. All of the updated residences have an equipped kitchen with a breakfast bar, a living room, a dining area, and a utility room. They open out onto a private terrace, perfect for enjoying your morning coffee and breakfast or an evening glass of wine. The primary bedroom features a luxurious en suite bath. These condos have tile floors and top-quality finishes that are durable and easy to maintain. They are being offered for sale unfurnished but equipped with ceiling fans and closets in the bedrooms.

This new development features a huge resort-style pool and sundeck, a cenote, padel courts, and a separate tower full of luxury amenities, including a gym, a sauna, a steam room, a yoga and meditation area, a business center, a sports bar, a massage area, and more. The complex is safe and secure with controlled access and 24-hour security. It has a hotel-like lobby, elevator access, and parking.

These condos are perfect for people who want an affordable apartment or a profitable vacation rental in Playa del Carmen. Delivery is scheduled for 2026. Pre-construction prices are subject to availability and are time sensitive. For current pricing availability contact one of our friendly agents today.