Can foreigners buy property in Mexico?
Yes. Outside the restricted coastal/border zone foreigners can hold direct title; inside it — which includes all of Cancún and the Riviera Maya — foreign buyers use a fideicomiso, a bank trust that holds legal title on the buyer's behalf while the buyer keeps full rights to use, rent, sell, or pass on the property.
What does a fideicomiso cost?
Setup is a one-time fee plus a modest annual trustee fee paid to the bank. Your notary or closing agent will quote the exact numbers for your specific purchase.
What are typical closing costs?
Budget roughly 5–7% of the purchase price for acquisition tax, notary fees, trust setup, and registration — ask for an itemized breakdown before signing anything.
Can I get financing in Mexico as a foreigner?
It's more limited than in the US or Canada — some developers offer direct financing on pre-construction units, and a handful of cross-border lenders work with foreign buyers. Most purchases here are cash or financed from the buyer's home country.
How long does closing take?
Typically 6–10 weeks from signed offer to closing, depending on how quickly the fideicomiso permit and title search come back.
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