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FREQUENTLY ASKED QUESTIONS:
Buying Property in the Riviera Maya

What documents do I need to buy property in the Riviera Maya?
To start the process, you generally need a valid passport and proof of address from your country of residence. Additionally, you may be required to provide documentation of the origin of the funds for the purchase.
The annual property tax varies depending on the property’s exact location. It ranges from 0.19% to 0.4% of the cadastral value of the property. This value is calculated based on the property’s physical characteristics, location, and usage.
In Mexico, foreigners can acquire property through a bank trust known as a “fideicomiso” in Spanish. This legal structure allows non-Mexican citizens to purchase property in restricted zones while remaining the sole beneficiaries of the trust.
A fideicomiso is a legal agreement in which a Mexican bank acts as trustee on behalf of the foreign buyer. It allows foreigners to legally acquire property in restricted coastal or border areas. The trust ensures investment protection and compliance with Mexican real estate regulations.

In addition to the purchase price, you should budget for:

  • Notary fees
  • Acquisition tax
  • Bank fees (if a trust is used)
  • Registration fees
  • Legal fees (if applicable)

These costs typically range from 5% to 10% of the property’s value.

While it’s technically possible to buy without legal assistance, doing so carries certain risks. At Verena, we strongly recommend working with a real estate attorney and financial advisor to ensure the transaction is secure and transparent. They will help review contracts, verify legal status, and ensure compliance with all applicable laws.
  1. Search and select the property
  2. Sign an offer letter or purchase agreement
  3. Set up the trust (if applicable)
  4. Review and sign the public deed before a notary
  5. Register the property in the Public Registry
Some Mexican financial institutions offer financing options for foreigners, but terms may vary, and interest rates tend to be higher (starting at 11%). Alternatively, you can secure financing in your home country and make a full payment in Mexico.
The process typically takes 1 to 3 months, depending on the transaction’s complexity, how quickly documents are gathered, and how efficiently the parties involved move forward.
In general, property owners can freely sell their real estate. However, it is important to review the trust terms (if applicable) and ensure all legal requirements are met for resale, both in Mexico and your home country.

It is essential to confirm that the property has:
✔ Valid permits and licenses
✔ No liens or legal issues
✔ All documentation in order

Thorough due diligence and professional advice are crucial to avoid future complications.

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