A trust is a permit granted by the SRE (Ministry of Foreign Affairs) through a Mexican bank, where the foreigner is the beneficiary. This grants all rights over the property, as if you were the direct owner. At Onix Living, we work with prestigious banks that expedite the creation of trusts, offering legal security and peace of mind to our clients.
Any real estate purchase in Mexico must be supervised by a public notary. The notary will verify the authenticity of the titles and ensure the property is free of debts. At Onix Living, we facilitate the process by collaborating with trusted notaries who are familiar with our properties, ensuring a fast and efficient procedure.
There are different financing options for foreigners interested in acquiring property in the Riviera Maya. Some developers offer direct financing, and Mexican banks also provide mortgage loans, provided requirements such as proof of income and good credit history are met. At Onix Living, we offer flexible payment plans tailored to each client’s needs, ensuring a smooth and seamless transaction.
- Real Estate Acquisition Tax (ISAI): Ranges between 2% and 3.5% of the property value.
- Notary fees: Depending on the property value.
- Annual property tax: To be paid each year like any property owner.
At Onix, we provide detailed guidance on these costs so clients have complete clarity about their investments.
The final step after purchase is registering the property in the Public Property Registry, which guarantees the buyer’s legal ownership. This is a process handled by the notary, ensuring everything is in order so you can enjoy your new home or investment without concerns.
Having the support of a real estate advisor is key to a smooth purchase process. At Onix Living, our team of experts works closely with you, from property selection to transaction formalization, ensuring all legal and financial aspects are covered.
