Buying property in Mexico is an exciting opportunity, whether you’re dreaming of a vacation home on the Caribbean coast or seeking an investment property in a high-growth market. At Mexico Real Estate Solutions, we specialize in guiding buyers through every step of the process. Our goal is to make your experience simple, transparent, and stress-free—helping you find the perfect property and feel confident from your first viewing to closing day.
Can Foreigners Buy Property in Mexico?
Yes—foreigners are legally permitted to buy real estate in Mexico. In fact, it has never been easier for international buyers to own property here. Expats receive full legal protection under Mexican property laws, and the process is well-established for popular areas like Cancun, Playa del Carmen, and Tulum in the Riviera Maya.
How Can Foreigners Buy Real Estate in Mexico?
If the property is located within 50 kilometers (about 30 miles) of the coast or 100 kilometers (about 60 miles) of the border—known as the “restricted zone”—foreigners must purchase through one of two structures:
- Fideicomiso (Bank Trust)
- Mexican Corporation
What Is a Fideicomiso?
A fideicomiso is a bank trust that allows foreign buyers to legally own property in the restricted zone. It is not a lease—you are the rightful owner, and the trust exists to comply with Mexican law.
- You retain full control of the property: sell, rent, remodel, or name beneficiaries at any time.
- Trusts are typically valid for 50 years and can be renewed indefinitely.
- Banks charge a yearly trustee fee for managing the fideicomiso.
This structure is the most common way foreigners buy Riviera Maya real estate, offering security, flexibility, and peace of mind.
Buying Through a Mexican Corporation
If you plan to purchase multiple investment properties, operate rental businesses, or buy and sell raw land, forming a Mexican corporation may be a better option. The corporation holds the property as an asset, and we can guide you through the legal and tax considerations to determine whether this structure makes sense for your goals.
Who Is Involved in the Real Estate Transaction?
Buying property in Mexico involves several professionals, each playing a crucial role in protecting your interests:
- Real Estate Agent – Your first point of contact. We help you find properties, negotiate, and navigate local processes.
- English-Speaking Mexican Attorney – Represents you, drafts and reviews contracts, and ensures your legal interests are protected.
- Bank – If buying with a fideicomiso, the bank serves as trustee and verifies that all documents and the closing are legally sound.
- Notary Public (Notario Público) – Oversees all real estate transactions in Mexico. Without notary approval and registration in the Public Registry, the sale is not legally valid.
Closing Costs in Mexico
Buyers should budget approximately 5%–8% of the property’s value for closing costs. These typically include:
- Taxes
- Notary fees
- Attorney fees
- Bank trust (fideicomiso) setup
- Escrow services
- Government registration fees
Property Taxes in Mexico
One of the major advantages of owning property in Mexico is the low annual property tax rate—around 0.1% of the property’s assessed value.
For example, if you purchase a property worth $250,000 USD, yearly taxes are about $250 USD. Paying early (in December for the following year) can also qualify you for discounts of up to 25%.
Final Thoughts
Whether you’re drawn to Cancun’s bustling energy, Playa del Carmen’s vibrant lifestyle, or Tulum’s eco-chic atmosphere, buying property in Mexico is an attainable dream for many expats and investors. With the right guidance, the process is straightforward, secure, and rewarding.
At Mexico Real Estate Solutions, we’re here to help you every step of the way—ensuring your purchase is smooth, transparent, and tailored to your lifestyle goals.