Yes, international buyers can legally own property in Mexico, including in Cancun & Riviera Maya. Properties located within the restricted zone (50 km from the coast or 100 km from the border) must be acquired through a fideicomiso (bank trust) or a Mexican corporation.

A fideicomiso is a bank-administered trust that enables foreign nationals to purchase property within the restricted zone. While the bank technically holds the title, the buyer retains full ownership rights, including the right to sell, lease, remodel, or bequeath the property.

Yes. Foreigners may establish a Mexican corporation to acquire property. This option is ideal for commercial ventures or income-generating rentals, as it allows multiple partners and eliminates the need for a fideicomiso.

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

Notary fees

Transfer tax (~2%)

Bank trust setup ($2,000–$3,000 USD)

Legal and administrative fees

Optional title insurance

Ongoing ownership expenses include:

Property taxes (Predial): Low compared to Canada (~0.1% annually)

Fideicomiso fees: ~$500–$800 USD per year

HOA dues: If applicable, depending on the development

Utilities and maintenance: Varies by property size and usage

Yes, foreign owners can rent their property short-term through platforms like Airbnb or VRBO, provided they:

Obtain a local rental license

Comply with municipal regulations

Report and pay taxes on rental income

Note: Some developments have rental restrictions, verify before purchasing

While most transactions are cash-based, buyers may explore:

Developer financing: Short-term, often with higher interest

Home equity loans from Canada or the U.S.

Mexican bank mortgages: Available with specific qualification

Capital Gains Tax: Up to 35% on profits upon sale (deductions or exemptions may apply)

Rental Income Tax: Taxable and must be declared through registration with SAT, Mexico’s tax authority

Though not mandatory, title insurance is advisable. It provides protection against legal disputes or title irregularities and adds peace of mind for foreign buyers.

Yes. Riviera Maya and Cancún remain among Mexico’s strongest and most resilient real estate markets due to their tourism-driven economy and consistent rental demand. To ensure a secure investment:

Conduct proper due diligence

Partner with a trusted real estate advisor and legal team

Verify clear title and legal standing of the property