Thinking about a home in Mexico? You’re not alone. More people are looking for beachside condos, mountain cabins and city apartments that cost less than similar places in the UK or US. This guide breaks down the basics so you can start your search with confidence.
Mexico is huge, but a few spots stand out for foreign buyers. Puerto Vallarta offers a mix of high‑rise condos and quiet villas with a lively art scene. Cancún and the Riviera Maya are famous for all‑inclusive resorts, but the surrounding towns have affordable condos that let you live like a local. San Miguel de Gómez attracts folks who love colonial charm and a cooler climate. If you want a quieter life, the lakeside town of Ajijic on Lake Chapala is popular with retirees and has a strong expat community.
Each region has its own vibe, cost range and rental potential. Visit a few places, walk the neighborhoods and get a feel for daily life before you decide.
Buying property in Mexico is straightforward if you follow the right steps. First, work with a reputable local real estate agent who speaks English and knows the area. They’ll help you find listings that match your budget and style.
Next, get a “fideicomiso” if the property is within 50 km of the coast or 100 km of a border. This is a trust that lets a Mexican bank hold the title for you, while you retain all rights to use, sell or rent the property. The fee is usually a few hundred dollars a year and can be set up for 50 years.
If the land is outside the restricted zone, you can own it directly as a foreigner. In both cases, hire a local notary (notario) to draft the purchase deed and register the property. The notary also checks that the seller has clear title and that there are no unpaid taxes.
Don’t forget to budget for additional costs: a 2‑3% transfer tax, 1‑2% notary fees, and a similar amount for registration. Some agents charge a commission of 5‑6% of the sale price, which is often split between buyer’s and seller’s agents.
Before signing anything, request a copy of the property’s “cédula catastral” (official survey) and verify utilities are connected. If you’re buying a condo, ask for the association’s bylaws and recent minutes to avoid unexpected fees.
Financing is limited for foreign buyers, so most people pay cash or use a home‑equity loan from their home country. Some Mexican banks now offer mortgages to foreigners, but interest rates are higher than local rates.
Finally, consider hiring a bilingual attorney to review contracts and protect your interests. A small fee now can save big problems later.
With the right team and clear steps, buying in Mexico can be smooth and rewarding. Whether you want a vacation spot, a retirement haven or a rental income machine, the market offers options at many price points.
Ready to start? Reach out to a local agent, pick a region that feels right, and begin the search. Your Mexican home is waiting.
