Mexico Real Estate: General Information
Real estate in Mexico is as diverse and plentiful as the country
itself, offering buyers a wealth of options from the affordable to the extravagant.
As a travel destination Mexico is top-notch, making Mexico real estate a first choice
for those seeking vacation homes. The country appeals to every taste, with world-class
sporting, vibrant cities, a rich history and culture and his very accessible from
many points in North America.
- Acquisition Tax: 2% to the Mexican government
- Other closing fees: 2-6%, including legal costs and documents
- 10% deposit is required
- Closing generally takes 30-45 days
- Property taxes: 0.1% of the purchase price, paid annually
- Financing available in Mexico by U.S. companies for U.S. citizens buying a second
home only
- Maximum loan to value is currently 70%, with a minimum loan amount of $150,000
- Homes within 60 miles of national border or 30 miles of the coast can only be owned
by Mexicans, or by foreigners in the form of a Mexican Trust; the bank acts as your
trustee
This material is based upon information which we consider reliable, but because
it has been supplied by third parties, we cannot represent that it is accurate or
complete, and it should not be relied upon as such. These offerings are subject
to errors, omissions, changes, including price, or withdrawal without notice.