buying property in mexico as an america - Buying Beachfront Property in Mexico - Mexico Real Estate Property

Guide to Buying Beachfront Property in Mexico as an American in 2020.

How To Buy Your New Beachfront Home (Or Investment Property) In Mexico

The real estate market in Mexico is very attractive. Vacationing and retiring in one of the worlds most beautiful tourist spots. Many choose to buy their new home in Mexico. With its sunny sandy beaches, crystal blue ocean, and easy lifestyle.

But many people don’t realize the unique opportunity for investment in . You get to enjoy an exciting new lifestyle and you can make good money if you choose. And owning beachfront property in Mexico makes other envious too.

The Mexican real estate market has its own peculiarities, like every other market. When you understand the market and its complexities you will save time and stress. As a foreigner, you depend on trustworthy real estate agents to help you navigate the market.

To find and buy your property in a foreign land, can feel difficult. With this basic information, you will feel more comfortable and confident.

Is it easy buying property in Mexico as an American?

Yes. Ownership of Mexico property by Americans is through the Mexican constitution. In the 1917 constitution, foreigners could not own a Mexican property. 

In 1973, a new constitution allowing Americans to have the right to own property only in the non-restricted zone in Mexico. 

But, in 1993 new constitutional amendment created a new system called Fideicomiso. This system allows Americans to buy properties in the restricted zone too.

Where is Mexico’s Restricted Zone?

The restricted zone is within 100 kilometers of the international borders. Also within 50 kilometres of Mexico coastline at high tide.

Buying Property in Mexico in 2020 - buying property in mexico as an america
This map shows you the restricted zone in Mexico. Riviera Maya is in the coastal border restricted zone.

What is a Fideicomiso? How does it work?

Through the Fideicomiso system, an American or foreigner can buy Mexico property. A bank acts as the trustee. The bank is the legal owner while you are the beneficiary of the trust. You as the beneficiary retain all legal rights of ownership. 

As a result, you can sell, rent, and transfer your property to anyone. You can even pass it down to your children. The trust is for 50 years. You renew for another set of 50 years. You have another 10 years after those 50 years to renew the trust. 

Note: You will incur some bank charges on an annual basis. The fee is based on the value of the property you acquired.

buying beachfront property in mexico 2020

Can I Buy my Mexico property through a corporation?

There is another way for Americans when buying property in Mexico. This process is different to the fideicomiso system. This process is through a Mexican corporation. The company can be 100% owned by an American.

This option is often used by US foreign investors who buy large properties. Mexican corporations can own properties. With full rights of ownership in restricted areas. Mexican corporations cannot own single-family residences.

So if you are looking to invest in the real estate here, we advise you make use of this process instead.

buying property in mexico
Caribe Luxury Home Realtors showing a beachfront property to client.

Do I need a Realtor to help me when buying Property in Mexico?

Acquiring your property in Mexico is not so different from the process in the United States of America. A real estate agent helps you find your property and negotiate on your behalf. It’s much easier this way.

Another process is to visit the foreign secretary’s office to get a permit for buying your property in Mexico. The permit contains a clause that denies you from consulting a foreign jurisdiction on your property.

The most important thing in this process is to involve a reliable and trustworthy lawyer. They will help you review and verify the land deed before paying for the property. The process of getting a property registered is anywhere between 48 to 108 days.

Caribe Luxury homes have a trustable lawyer for you who works with American clients. We can also recommend you highly reputable lawyers who have many years of experience too.

Click here if you want us to help you find your property in Mexico today.

What are the costs involved in buying Property in Mexico?

Aside from your agreed price for the property with the seller, you will incur extra costs.

Expect to incur costs like Notary costs. The notary ensures legal procedures. They ensure proper documents are present. Very important.

Other costs are the acquisition tax, title insurance, and registration fees.

Side Note: And if you own a property and you’re thinking of selling, agent fees and the relevant taxes are what you need to settle.

If you are buying a condo or apartment and you have a HOA (Homeowners association) then you will have to pay an HOA fee.

To save yourself time and hassle. We can help you. We make sure you get a great deal on your property. We make sure you get your property legally within Mexican law. 

Because it’s important you seek experienced professionals to guide you.

Our experienced real estate company help you all the way. Helping you find your new home (investment property) and luxury home with ease. We want you to feel at home and safe with your new Mexico property. We are friendly and open to chat to you.

Click here to contact us today or call +52 984 119 9173. Or email

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