1. Can foreigners legally buy property in Mexico?

Yes, foreigners can legally own property in Mexico. However, if the property is within the restricted zone (within 50 km of the coast or 100 km from a border), ownership must be through a bank trust (fideicomiso) or a Mexican corporation.

2. What is a fideicomiso (bank trust) and how does it work?

A fideicomiso is a legal trust agreement where a Mexican bank holds the property title on your behalf. You are the beneficiary and retain full control—you can live in, rent, sell, or pass the property to heirs. The trust is valid for 50 years and can be renewed.

3. Do I own the property if it's in a trust?

Yes, you have all the rights of ownership—use, rent, improve, sell, and inherit—just as a Mexican citizen would. The trust is simply a legal structure to comply with Mexican law.

4. How long does the buying process take in Mexico?

Typically, 30 to 60 days from accepted offer to closing, depending on paperwork, financing, and government offices. Cash deals may close faster.

5. Do I need to be in Mexico to buy property?

No, you can complete the entire transaction remotely through a power of attorney, which we can help set up with a trusted notary.

6. Is financing available for foreigners in Mexico?

Financing options are limited for foreigners, but there are some Mexican banks and private lenders that offer mortgages. Most foreign buyers purchase in cash or refinance through a loan in their home country.

7. What are the closing costs and fees?

Expect to pay between 5% and 6% of the purchase price in closing costs. These include:

• Notary fees
• Acquisition tax
• Trust setup or transfer fees
• Government registration
• Legal and administrative fees

8. Is the buying process safe and regulated?

Yes—when done properly, the process is legal, safe, and well-regulated. All property purchases go through a notary public, who is a government-appointed official and essential to legalizing the transaction.

9. How do I know the title is clean and the property is legal?

We conduct a full due diligence review to ensure:

• The seller has legal title
• There are no liens or debts
• The land is properly zoned
• The transaction is fully documented and compliant

10. What is an Escritura?

The Escritura Pública is the final registered deed proving ownership. It’s signed before a notary and officially recorded with the public registry.

11. Can I rent out my property?

Absolutely! You can legally rent short- or long-term, either independently or through a management company. Rental income may be subject to Mexican taxes, which we can help you understand and manage.

12. What taxes do I pay as a property owner in Mexico?

• Annual property tax (predial) – usually quite low compared to the U.S. or Canada.
• Capital gains tax – applicable when selling, but exemptions or reductions may apply with proper planning.

13. What is a notary’s role in the transaction?

The notario público is a licensed attorney with government authority to validate property sales. They verify ownership, register the transaction, approve taxes, and ensure legality.