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 | Xkaa II 1 bed | Condo for sale in Playa Del Carmen

Xkaa II 1 bed

Colosio (Playa del Carmen, Quintana Roo, MX, 77728)…

1Beds 1Baths $156,004USD

$156,004 USD
$3,168,441 MXP
Estimate only. Updated Daily.

Danielle Knod

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For Sale

Property Description

Property Type: Condo
Status: For Sale
Property Status
Location: Playa Del Carmen
Property Size: 41.26 M2
Property ID: 569714546
Beds: 1
Baths: 1

New condos for sale near the beach and 5th Avenue

Xkaa Urban Condos is an exciting new condominium project with 24 apartments located just north of the downtown area in Playa del Carmen’s fast-growing Colosio neighborhood. The complex is situated just minutes from shopping, dining, nightlife, and all the fun and sun that make Playa del Carmen a world-famous tourist destination. These new condos are perfect for people who want an affordable apartment or a profitable vacation rental close to some of the best beaches in Playa del Carmen.

These beautiful new studios and 1-bedroom condos are perfect for vacation rentals or as your own home in paradise. They feature a spacious open plan layout and get tons of Caribbean sunshine. All of the modern residences open out onto a private balcony or terrace with city views. This is a lovely spot to enjoy your morning coffee and breakfast or an evening glass of wine. These condos have tile floors and top-quality finishes that are durable and easy to maintain. The 1-bedroom units are being offered for sale turn-key and the studios come equipped with an electric grill and air conditioning.

You and your guests will love the ocean view rooftop with an infinity pool, a bar, a lounge, a sunrise yoga space, and an outdoor grill area, perfect for your al fresco cookouts. The condo building is safe and secure with controlled access and 24-hour security. It has a hotel-like lobby, an elevator, solar panels for green energy, and parking. This area also offers reliable high-speed internet access.

These condos offer excellent amenities and a fantastic location at a good price. Delivery is scheduled for 2025. Contact one of our friendly and knowledgeable agents today for more information.

Amenities

Interior features/finishes

Wet Bar

View

Street

Cooling

2 mini splits

Lot Features

Bar
Common Pool
Restaurant
Rooftop

Sewer & Water

Public

Appliances

Gas Range
Hood Fan
Microwave
Oven Range
Refrigerator

Extra Features

Balcony
Common Pool
Furnished
Lobby
Roof Terrace
Security
Solar Panels
TV Security
Yoga Center

Parking Spaces

Year Built

2025

Map

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Playa Del Carmen and Tulum Mexico Real Estate | Xkaa II 1 bed | Condo for sale in Playa Del Carmen

Xkaa II 1 bed