Frequently Asked Questions
Welcome
Here you’ll find clear, concise answers to the most common questions about buying property in the Riviera Maya.
Think of it as the quick version of what you need to know — simple, direct, and designed to save you time.
Can a foreigner buy/own property in the Riviera Maya?
Yes, foreigners can legally own property in the Riviera Maya through a bank trust called a fideicomiso, which is required for properties within the restricted zone (50 km from the coast). This trust gives you all the rights of ownership and is renewable every 50 years.
Is there financing available for foreigners?
Yes, there are financing options available for foreigners, including loans from Mexican banks, international lenders, and developer financing. Terms, interest rates, and requirements can vary, so it’s important to compare options. We can connect you with trusted loan operators who specialize in financing for foreign buyers.
What can I expect to pay in taxes?
When purchasing, you’ll pay a one-time acquisition tax of approximately 3% in Quintana Roo. Ongoing annual property tax (predial) is very low—typically around 0.1% of the assessed value, making ownership affordable in the long term.
Who will manage my property when I’m not using it?
We offer professional property management services to take care of everything—from maintenance to guest check-ins—so your investment is protected and potentially earning rental income even when you’re away.
Why should I buy a property in the Riviera Maya?
The Riviera Maya offers beautiful beaches, year-round sunshine, a booming tourism industry, and strong potential for rental income. It’s a vibrant, growing region with excellent infrastructure and amenities.
How much are the closing costs?
Closing costs in the Riviera Maya generally range between 7–10% of the property’s purchase price. While this may seem high, it’s largely offset by Mexico’s very low ongoing property taxes.
Can I buy through a Mexican corporation?
Yes, foreigners can purchase property through a Mexican corporation, especially if the property will be used for commercial or rental purposes. This approach can offer certain tax and operational advantages depending on your goals. However, we strongly recommend consulting with a qualified real estate attorney to determine the best structure for your specific situation.
Do I need to be in Mexico to buy property?
No, you don’t need to be physically present in Mexico to complete a property purchase. You can grant a trusted representative or attorney power of attorney to handle the transaction on your behalf.
How long does the buying process take?
On average, the process takes 30 to 60 days from the signing of the offer to closing, depending on the complexity of the transaction and documentation.
Do I need a lawyer to buy property in Mexico?
While not legally required, hiring a qualified real estate attorney is strongly recommended to ensure a safe and smooth transaction. They will review contracts, verify title, and guide you through all legal requirements. We can connect you with trusted English-speaking attorneys who specialize in real estate transactions.
Can I own beachfront property?
Yes, beachfront property in the Riviera Maya is available to both Mexican citizens and foreigners. While Mexican nationals can purchase it directly, foreigners can own beachfront property through a fideicomiso (bank trust), which grants full ownership rights within the restricted zone, including the right to use, sell, lease, or pass it on to heirs.
