• Average asking price $783,942
  • % + or - average Caribbean property price -186%
  • Property price range $83,000 - $6,300,000
  • Average price per sq ft $314
  • Annual tourist arrivals 35 million
  • % change in annual tourist arrivals +9%

Overview – The Mexico Real Estate Market

With a population of over 112 million, Mexico has the second largest economy in Latin America which is predicted to be the fifth largest in the world by 2050. The landscape is as varied as the country is vast. In fact, it is one of the 18 megadiverse countries of the world and home to 10–12% of the world’s biodiversity.

The ruins of ancient empires, combined with the white sands and coral reefs of Mexico’s Caribbean coast attract approximately 24 million visitors each year – including many second home owners. Rapid development in Mexico City, the country’s capital, has also stimulated a surge in investment and transformed the city into a top tourist destination. Earlier this year, The New York Times ranked Mexico City first in its list of places to go in 2016.

A steady and growing stream of visitors provides property owners with a large rental market to tap in to. A proposal to enable direct ownership of beachfront property is stimulating interest in Mexico’s real estate market.

High quality real estate is available in Mexico’s Yucatan Peninsula, primarily in Cancun, the Riviera Maya resort town of Playa del Carmen and state capital Merida, including beachfront homes and luxury condos. Due to its proximity to the USA, Mexico is popular with buyers from North America, much like the nearby Central American countries to the south: Belize, Roatan, Costa Rica and Panama.

 

Search our Mexico Real Estate Listings

As specialists in luxury property in Mexico, the Caribbean and Central America, we can introduce you to a wide selection of the finest residential property, land for sale and commercial real estate in Mexico.

Our agents on the ground can offer unrivaled local insight into the market and the most desirable investment opportunities.

To discover your perfect property in Mexico, search our Mexico real estate listings.

 

Areas – Yucatan Peninsula

Cancún

Discover Cancún – Read our Guide to Cancún Real Estate.

Isla Mujeres

Discover Isla Mujeres – Read our Guide to Isla Mujeres Real Estate.

Puerto Cancún

Discover Puerto Cancún – Read our Guide to Puerto Cancún Real Estate.

Quintana Roo

Discover Quintana Roo – Read our Guide to Quintana Roo Real Estate.

Riviera Maya & Playa del Carmen

Discover Riviera Maya & Playa del Carmen – Read our Guide to Riviera Maya & Playa del Carmen Real Estate.

Tulum

Discover Tulum – Read our Guide to Tulum Real Estate.

 

Areas – The Pacific Coast

Ajijic

Discover Ajijic- Read our Guide to Ajijic Real Estate.

Colima

Discover Colima – Read our Guide to Colima Real Estate.

Guadalajara

Discover Guadalajara – Read our Guide to Guadalajara Real Estate.

Jalisco

Discover Jalisco – Read our Guide to Jalisco Real Estate.

Lake Chapala

Discover Lake Chapala- Read our Guide to Lake Chapala Real Estate.

Manzanillo

Discover Manzanillo – Read our Guide to Manzanillo Real Estate.

Nayarit

Discover Nayarit – Read our Guide to Nayarit Real Estate.

Nuevo Vallarta

Discover Nuevo Vallarta – Read our Guide to Nuevo Vallarta Real Estate.

Puerto Vallarta

Discover Puerto Vallarta – Read our Guide to Puerto Vallarta Real Estate.

Punta Mita

Discover Punta Mita – Read our Guide to Punta Mita Real Estate.

San Pancho

Discover San Pancho – Read our Guide to San Pancho Real Estate.

Sayulita

Discover Sayulita – Read our Guide to Sayulita Real Estate.

 

Areas – The Baja Peninsula

Cabo San Lucas

Discover Cabo San Lucas – Read our Guide to Cabo San Lucas Real Estate.

Los Cabos

Discover Los Cabos – Read our Guide to Los Cabos Real Estate.

Punta Mita

Discover Punta Mita – Read our Guide to Punta Mita Real Estate.

 

Buying Property in Mexico

Foreign buyers can acquire real estate in Mexico, however the constitution prohibits direct foreign ownership of land within 31 miles (50 km) of Mexico’s coastline. Foreign buyers bypass this restriction by purchasing property in Mexico through a trust called a “fideicomiso” which is set up by a local bank with the foreign investor as sole beneficiary. There is a proposal to revise the system and enable direct foreign ownership of beachfront real estate.

Once you have made an offer on a property and that offer has been accepted, you would be required to pay a deposit of 5% – 20%, which may be held in escrow by the seller’s lawyer. Once the deed of sale is signed at a Notary’s office, the balance should be transferred and ownership of the property transferred.

Closing costs typically amount to 4% – 8% of the property value, comprising conveyance taxes, registration rights and costs of the deed of sale and Trust Deed, plus Notary fees.

Annual property taxes are charged at 0.25% of the property’s value.

Temporary Resident Visas enable individuals to reside in Mexico for between 6 months and 4 years. Permanent Resident Visas are also offered to retirees with sufficient funds to sustain themselves, as well as investors investing in Mexico.

 

Mexico – Land for Sale

Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Mexico.

Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in Mexico.

For larger parcels of land for commercial development, please see our commercial real estate listings.

 

Saving on Your Purchase

You could save money when investing in Mexico real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in Mexico. To see how you could save money, read more: Foreign Exchange.

 

Getting There

There are direct flights to Mexico from 30 US cities, Canada and Europe.

There are international airport located in various parts of Mexico, including Mexico City, Cancun, Los Cabos, Puerto Vallarta and Cozumel.

From the USA fly direct to Mexico from 30 cities, including Atlanta (Delta), Miami or Houston (American Airlines). From Canada fly from Montreal, Toronto or Vancouver.

From Europe, fly direct from London (British Airways), Paris (Air France), Madrid (Iberia), Amsterdam (KLM) or Frankfurt (Lufthansa).

Atlanta to San Jose del Cabo: 4 hours 05 mins
Houston to Puerto Vallarta: 2 hours 25 mins
London to Cancun: 9 hours 50 mins
Madrid to Mexico City: 11 hours 15 mins
Miami to Cancun: 1 hour 45 mins
Toronto to Cancun: 4 hours 00 mins

Local weather

21° Precipitacion0.11%
Wed 14° | 28°
Thu 13° | 28°
Fri 13° | 28°
Sat 14° | 28°
Sun 13° | 29°
Mon 12° | 29°
Tue 14° | 29°

Local time

1:53AM Wednesday 18th Jul 2018 (CDT)
Wed 14° | 28°
Thu 13° | 28°
Fri 13° | 28°
Sat 14° | 28°
Sun 13° | 29°
Mon 12° | 29°
Tue 14° | 29°

Fast facts

  • Population 119,530,753
  • Capital Mexico City
  • Language Spanish
  • Currency Mexican Peso
  • Time zone GMT-5 | ET