Yes, foreigners can own property in Mexico, including in Riviera Maya. If the property is within the restricted zone (50 km from the coast or 100 km from the border), it must be purchased through a fideicomiso (bank trust) or a Mexican corporation.

A fideicomiso is a bank trust that allows foreigners to own property in Mexico legally. A Mexican bank holds the title on behalf of the foreign buyer, who retains full ownership rights, including the ability to sell, lease, or pass the property to heirs.

Yes, foreigners can establish a Mexican corporation and purchase property under its name. This option is mostly used for commercial properties or rental businesses, as corporations allow multiple owners and bypass the fideicomiso requirement.

Closing costs typically range from 5% to 8% of the purchase price and may include:

• Notary fees
• Transfer tax (~2% of the purchase price)
• Bank trust setup (~$2,000 – $3,000 USD)
• Legal and administrative fees
• Title insurance (optional)

Owners should budget for:

• Property taxes (Predial) – Very low compared to the U.S. and Canada (~0.1% of property value per year).
• Fideicomiso fees – ~$500 – $700 USD annually.
• HOA fees – If applicable (varies by development).
• Utilities and maintenance costs – Depends on usage and property size.

Yes, but you must comply with local regulations, obtain a Rental Permit, and pay taxes on rental income. Some condominium developments may have restrictions, so always check before purchasing.

Most purchases are cash transactions, but some financing options include:

• Developer financing (usually short-term, high interest).
• U.S. or Canadian home equity loans to fund a purchase in Mexico.
• Mexican bank mortgages

Capital Gains Tax – When selling, foreigners may pay a capital gains tax of up to 35% on profits, though exemptions and deductions may apply.

• Rental Income Tax – Rental income is taxable, and foreign owners must register with SAT (Mexican tax authority) and file taxes.

Title insurance is not required but can be beneficial to ensure a clean title and avoid future disputes.

Riviera Maya is one of the strongest real estate markets in Mexico due to tourism and high rental demand. However, investors should:

• Conduct due diligence.
• Work with a reputable real estate agent and lawyer.
• Verify the property has a clean title and no legal issues.