{"id":20151,"date":"2024-10-15T11:39:22","date_gmt":"2024-10-15T16:39:22","guid":{"rendered":"https:\/\/onixliving.mx\/index.php\/2024\/10\/15\/buying-a-property-in-mexico-what-you-need-to-know\/"},"modified":"2025-02-17T13:15:56","modified_gmt":"2025-02-17T18:15:56","slug":"buying-a-property-in-mexico-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/onixliving.mx\/en\/index.php\/2024\/10\/15\/buying-a-property-in-mexico-what-you-need-to-know\/","title":{"rendered":"Buying a property in Mexico: what you need to know"},"content":{"rendered":"\t\t
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The definitive guide to investing in Mexico as a foreigner<\/h2>\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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The Riviera Maya is one of the most coveted destinations for foreign investors, both for its natural beauty and its vibrant development. Cities such as Playa del Carmen, Cancun and Tulum offer attractive opportunities, but it is crucial to understand the regulations and legal processes for a successful and safe property acquisition. At Onix Living<\/span>, we not only guide you through every step, but we also optimize the process to make it smooth and hassle-free.<\/div>\n
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1. Restricted Zone and Trust<\/span><\/div>\n
The Mexican Constitution stipulates that foreigners cannot purchase property directly within the “restricted zone”, which includes 50 km from the coasts and 100 km from the borders. The Riviera Maya is within this zone, so foreigners must use a trust<\/strong> to make the purchase. <\/div>\n
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What is a trust?<\/span><\/div>\n
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The trust is a permit granted by the SRE (Ministry of Foreign Affairs) through a Mexican bank, where the foreigner is the beneficiary. It grants all rights to the property, as if you were the direct owner. At Onix Living<\/span>, we work with prestigious banks that expedite the creation of trusts, offering legal security and peace of mind to our clients. <\/p>\n<\/div>\n

2. Election of Notary Public<\/span><\/div>\n
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Any purchase of real estate in Mexico must be supervised by a notary public<\/span>. He or she will verify the authenticity of the titles and that the property is free of debts. At Onix Living<\/span>, we facilitate the process by collaborating with trusted notaries who are familiar with our properties, ensuring a fast and efficient process. <\/p>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t

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4. Financing and Forms of Payment<\/span><\/div>\n
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There are different financing<\/span> options for foreigners interested in acquiring a property in the Riviera Maya. Some developers offer direct financing, and Mexican banks also provide mortgage loans, as long as requirements such as proof of income and good credit history are met. At Onix Living<\/span>, we offer flexible payment plans that adjust to each client’s needs, ensuring a smooth and hassle-free transaction. <\/p>\n<\/div>\n

<\/span>5. Taxes and Related Expenses<\/span><\/div>\n
When acquiring a property, it is important to take into account additional expenses such as:<\/div>\n