How to Buy a Condo in Mexico
How to Buy a Condo in Mexico
Thanks to its unique mix of powdery beaches, breathtaking landscapes, welcoming culture and tropical weather, Mexico is undoubtedly one of the world’s top vacation destinations. As countless vacationers and travellers have shown, once you visit Mexico, it’s only a matter of time before you make plans to return.
For many people, their return plans involve a lot more than simply trying a new resort. With each passing year, more and more retirees, snowbirds and travelling professionals are buying property in Mexico.
For people who have already visited Mexico, this hardly comes as a surprise. Property in Mexico is perfect for people with a variety of different property objectives. Whether to have a pied-à-terre in the tropics or for investment opportunities, condos in Mexico offer all that and more.
This short guide will help you get your bearings in the Mexico real estate market and let you know which steps to take to turn an idea into your dream home in Mexico.
Investing in the Mexican Real Estate Market
The real estate experts at Zisla have been helping people from Canada, the United States and many other places find investment opportunities, including condos, homes and other properties in Mexico for over 10 years.
In order to help people from all over the world buy property in Mexico, Zisla demystifies the buying process. By helping clients with their due diligence and offering information about every aspect of the purchase process, ranging from the purchase sales agreement to financing options to the final delivery statement and closing process, Zisla does the heavy lifting, so you don’t have to.
To learn more about the rules and requirements of buying property in Mexico, check out Zisla’s comprehensive guide to the buying process, “How to Buy Mexico Real Estate.”
Where to Buy Property in Mexico
Buying property in Mexico is within your reach!
The Cancun and Playa del Carmen real estate markets have been popular with expats for years, but there are many other areas of Mexico buyers should check out for their perfect combination of affordable real estate prices and available properties.
For Yucatán real estate, Mérida is the first place to look. As the capital city of Yucatán, Mérida is only a short drive away from the region’s UNESCO-listed archaeological sites, nature reserves with abundant wildlife, and picture-perfect beaches.
Yucatán state’s eastern neighbour, Quintana Roo, borders the Caribbean Sea and the Gulf of Mexico, offering a mix of stunning beachfronts, pristine natural habitats and vibrant local culture. The Quintana Roo real estate market has flown under the radar for some time, so make sure you investigate this area before word gets out.
Can a US Citizen Buy a Condo in Mexico?
Yes! Buying property in Mexico, including houses, condos and land, is permitted for foreign nationals, as long as the real estate transaction is properly sanctioned through a trust known as a fideicomiso. These agreements provide foriegn owners with all the same property rights as a Mexican citizen, allowing them to live in, rent or sell their property as they see fit.
To establish a fideicomiso, foreigners simply apply through the Ministry of Foreign Affairs and register in the Public Registry of Property and the National Registry of Foreign Investment.
Although this sounds complicated, it’s actually quite easy once you secure the services of an experienced real estate agent and attorney.
For more information about all the Mexican government rules about closing paperwork for a property title, check out the Zisla blog, “Can Americans Buy Property in Mexico.”
Ready to Buy a Condo in Mexico?
Zisla has been in the business of helping foreigners find real estate in Mexico for many years. They know the ins and outs of the Mexico real estate market, have access to the best new and upcoming property developments, and can help you with every aspect of purchasing property for sale in Mexico.
Start the process of acquiring a dream property in Mexico, contact Zisla today!