Mexico Guide: Property
Buying property isn't easy anywhere, but it gets even more complicated if you have to deal with an unknown property market and legal restrictions of a foreign country. Read our property guide to get a good start – and to avoid mistakes you might later regret.
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Estate agents
Buying property in Mexico through an estate agent
In Mexico almost every town and city has a selection of estate agents ranging from small independent agents to large franchise chains. Since estate markets in Mexico are somewhat varied according to location, the agent’s local knowledge is key to a successful property purchase.
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Foreign ownership
Buying property through a fideicomiso
Foreigners can obtain direct ownership of property in the interior of Mexico, but they cannot own property within the 100km land border zone and 50km coastal zone. Within these ‘restricted zones’, foreigners can only own land through a fideicomiso (a trust) by a Mexican bank.
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Estate costs
Property taxes in Mexico and property purchase costs
When you buy a property in Mexico you will have to pay additional agent fees and taxes on your purchase. Although these associated estate costs are a lot lower in Mexico than in many other countries, you should still take them into account when evaluating your total property cost.
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Financing your estate
Mortgages for Mexican property
Historically, the majority of real-estate deals in Mexico have been settled in cash. However with the stabilisation of the Mexican peso and increase of international property sales, there is now a wide range of mortgages for Mexican estate purchases available – both from Mexican and international banks.
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