Buying property in the Riviera Maya: a guide for foreign buyers
How the bank-trust (fideicomiso) works, what the buying process looks like, and the costs to budget for.
Can foreigners own property in Mexico?
Yes. Within the "restricted zone" (roughly 50 km from the coast), foreign buyers hold residential property through a fideicomiso — a renewable bank trust that grants full rights to use, rent, renovate, and sell. For commercial use, a Mexican corporation is another route.
The buying process, step by step
1. Offer & acceptance — terms, price, and timeline are agreed in writing. 2. Promissory agreement — a deposit (often 10–20%) secures the property. 3. Trust & due diligence — the bank trust is arranged and title, permits, and liens are verified. 4. Closing — a notario público formalizes the deed and the balance is paid.
Costs to budget for
Closing costs typically run 5–8% of the purchase price (notary, trust setup, permits, and taxes). Annual property tax (predial) in Mexico is famously low.
Why local guidance matters
The process is safe when it's done correctly — and expensive when it isn't. A bilingual advisor who knows the Riviera Maya keeps your purchase clear, compliant, and on schedule.
The intelligence briefing
Occasional, data-led notes on this market. No spam — unsubscribe anytime.