FAQ of foreigners buying in Mexico
Yes, any person of any nationality can buy a property in Mexico under Mexican law. In the restricted area, the figure of Trust must be used.
50 km from the coast and 100 km from the border area are considered restricted areas.
It is the legal figure for a foreigner to be able to have the property title in the restricted area.
Taxes related to the purchase must be paid, such as notary expenses, property registration, taxes, etc. It is usually between 5% and 7% of the sale price.
It is always better to be well advised throughout the purchase process and until the delivery of the property.
The commission is paid by the seller.
The annual property tax must be considered, called predial, which is a percentage of the value of the property, the percentage ranges from 0.09%
Once the property is delivered, the time varies between 30 to 90 days.
We do not recommend the purchase of properties in the figure of ejido.
All transactions are made through formal banks established in the country, and under international banking standards.
