Buying a Home in Mexico
If you’ve ever dreamed of buying a home in Mexico, now is a great time to make that dream a reality. Whether you’re looking to invest, retire, or relocate, Mexico offers diverse real estate opportunities—from bustling cities to tranquil beachfront communities in Cabo, Baja, and the Riviera Maya.
Many expats choose to buy property in Mexico as a vacation getaway, a rental investment, or a permanent home. No matter your reason, understanding the process of buying and owning property in Mexico is key to avoiding legal pitfalls and making a sound investment.
Top Locations for Buying Real Estate in Mexico
Here are some of the most popular destinations for buying a home in Mexico:
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Playa del Carmen & Tulum – Caribbean beachfront living with vibrant expat communities.
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San Miguel de Allende – A cultural gem in the mountains with colonial charm and mild weather.
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Mérida – Known for affordable colonial homes and a rich history in the Yucatán.
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Cabo San Lucas – Pacific coast luxury with modern amenities and ocean views.
Each of these locations offers unique benefits, whether you’re seeking beachside serenity or colonial elegance.
Legal Considerations for Buying a Home in Mexico
Foreigners buying real estate in Mexico must understand that the legal system differs from that of the U.S., Canada, or Europe. In 1973, the Mexican Constitution was amended to allow foreigners to own property outside of restricted zones. Later, in 1993, another amendment allowed foreign ownership in restricted zones (within 50 km of the coast or 100 km of international borders) through the Fideicomiso system.
The Fideicomiso Trust System
If you’re buying a home in Mexico’s coastal or border areas, you’ll need to purchase it through a bank trust called a Fideicomiso. In this system:
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The bank holds the title, but you (the foreign buyer) are the beneficiary.
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You retain full rights to use, rent, remodel, or sell the property.
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The trust lasts 50 years and can be renewed indefinitely.
Alternatively, foreign investors may purchase through a Mexican corporation, but this typically applies to commercial property and comes with additional regulations and costs.
How to Buy a House in Mexico: Step-by-Step
The process of buying a home in Mexico is straightforward but requires due diligence:
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Work with a trusted real estate agent who specializes in helping foreigners.
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Find a property and negotiate the purchase price.
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Make a deposit of 5–10% once a verbal agreement is reached.
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Obtain a permit from the Ministry of Foreign Affairs.
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Have a lawyer review the deed and ensure it is free of liens or legal disputes.
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Pay the remaining balance and officially transfer ownership.
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Register the property, which typically takes 48 to 108 days.
Additional Costs When Buying a Home in Mexico
As a buyer, expect to cover the following costs:
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Notary fees
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Acquisition tax
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Registration and filing fees
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Optional title insurance
Sellers typically pay real estate agent commissions.
Final Tips on Buying a Home in Mexico
If you’re a foreigner considering buying a home in Mexico, it’s wise to work with experienced professionals who understand the legal framework and can guide you through the process. From choosing the right location to finalizing your deed, professional support will give you peace of mind and reduce your risk.
I hope you enjoyed reading this article: Guide To Buying And Owning Mexico Real Estate. If you have any questions, please contact our office HERE.
If you’re thinking of leaving your home country and working in a country that doesn’t speak your language, I would suggest you take some language courses. My friend Olly Richards has one of the best platforms on the planet. Reach out to him at ICanTeachYouALanguage. He does several with Spanish being his #1 course.
I’ve included some great articles for you to read, enjoy!
Real Estate Investment Potentials In Mexico
A Financial Case For Moving To Mexico
If you’re considering traveling or moving abroad, be sure to explore your healthcare options. Visit International Citizens Insurance to learn more and get a free quote.
