How to Buy Property in Mexico as a Foreigner

Buying property in Mexico as a foreigner is a straightforward process, though it requires following some specific legal steps. With its affordable prices, beautiful landscapes, and vibrant culture, Mexico has become a top destination for foreign investors. Here's everything you need to know about buying property in Mexico as a non-Mexican citizen.

1. Understanding the Fideicomiso (Bank Trust) Foreigners cannot directly own property in restricted zones, which include areas near the coast or borders. However, through a fideicomiso (bank trust), you can still acquire and control property in these regions. A Mexican bank acts as the trustee, but you retain all ownership rights.

2. Step-by-Step Property Buying Process

• Find a property that meets your criteria in our website
• Contact a Realtor of Palma Real Properties
• Establish a fideicomiso for restricted zones.
• Conduct a thorough property title search to ensure legal ownership.
• Sign the sales agreement and make payments.

3. Costs and Taxes to Consider When buying property, you must account for closing costs, taxes, and maintenance fees. Property taxes in Mexico are relatively low, but there are additional costs such as the acquisition tax, notary fees, and bank trust fees.

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