Real Estate in Mexico

"Finding a place to live in Mexico can be done in a few different ways. The first option is to look for rentals online. Sites like Airbnb or Vrbo offer many vacation rentals in Mexico, which may be suitable for long-term stays. You could also look for rental listings on local listings sites, such as Craigslist, OLX, or Inmuebles24. Another option is to search out real estate agents in Mexico and ask them to help you find a place to live. Additionally, if you know people in Mexico, they may be able to help you find a rental and show you around the area. Word of mouth is another great way to find a place to live in a new country. Finally, if you're looking for something more permanent, you could consider buying property in Mexico. Purchasing a home or condo in Mexico requires researching both regulations and the market. It's important to speak with a real estate professional in the area who can guide you through the process," remarked one member in Mexico.

"We made a discovery trip here in July. Loved the place and stayed a month... We toured the entire area and eliminated those areas that were a bit far out or did not meet our needs. We sold our home in the states in three days which spurred us to find a home... We have a dog and two cats that made renting a bit of a hassle so we decided to buy. I made another trip in September and we decided on one of the homes we had previewed earlier. It is a smaller gated community (7 homes) and we are quite delighted," explained one expat living in Ajijic , Mexico.

"We used a local realtor for a while but actually ended up renting a house through a private owner. The house was across the street from one of the properties we viewed with the realtor. My husband asked one of his Mexican co-workers who knew the area and she just happened to know the owner," said one person in Comalcalco.

"My favorite area is 5 Diciembre with a more local atmosphere and more Mexican nationals full time occupants, than some of the others," said one expat who made the move to Puerto Vallarta.

"After studyinng the market here for 2 1/2 years and debating renting or buying, we learned a lot about neighborhoods. And we learned the best way to figure out where you want to be is to come down and go airbnb for a while in different neighborhoods to figure out what you want. For those of us on a budget, Norte and Santiago are much too expensive and the father you go from Centro prices fall dramatically. We just bought a house and it was only after looking at very many and being ready to pounce on one that was significantly reduced in price and in excellent condition. Those go very quickly. Even renting, remember if you don't like the neighborhood, you're stuck for a year usually," explained one foreigner living in Merida, Mexico.

"I live in a 300 year old historical neighborhood that is very exclusive. There are many expats from Germany, France and other countries in the city that mostly live in very modern, new houses. My home is rare to obtain even by the locals," said one expat who made the move to Puebla.

"We live in a house on the beach. Many ex-pats live in houses and condos on or close to the beach," explained one foreigner living in Manzanillo, Mexico.

"Thank god the company pays for it. The cost for an apartment is anywhere from $1,800 usd to over $5,000 usd. We are currently paying $3,800 per month utilities included," said one expat in Mexico City.

"The cost of housing in Mexico varies greatly depending on where you live. In general, the cost of housing in cities is more expensive than in rural areas. The cost of renting an apartment in Mexico can range from relatively affordable to quite expensive, depending on the size and location. On average, housing in Mexico is significantly cheaper than in many other countries, and is particularly affordable in rural areas," remarked one member in Mexico.

"My husband found a two bedroom one bath house in Pensiones neighborhood in Merida Yucatan for about $35,000 USD. It needs another $10k in upgrades or remodeling but it is a cute home and would be great. The rents here are all over the place. But a huge home with a lot of amenities unfurnished in my neighborhood (4 bedrooms or 5 with three bathrooms and so on? Goes for $14,000 Mexican pesos a month. About $675 or $700 USD give or take," explained one expat living in Mexico.

"We lust bought a small (1400sqft) house in Rosarito for $325,000. Not much inventory so if are ready to buy you can't be real picky. The 2 places we really wanted to see sold the day before we got there. New house built in 2019, nice furniture & long range ocean view," said one person in Mexico.

"Oh, much lower!! We pay $400. (US)/ month for our house. In San Diego, California, the rent for such a place would be about $1500./month. You can rent a 1 bedroom apt. in TJ for as little as $80. (US)/mo. but I don't think too many Americans/Canadians would be happy with the lack of space, amenities and location. There are also lovely places here for $1000./mo. but those renters/owners are considered to be "rich" and could be a target for robbery," said one expat who made the move to Tijuana.

"Buying a home in Mexico can be a great opportunity to acquire a property in a country where you will undoubtedly find a vibrant culture and beautiful scenery. However, as with any purchase, it is essential to consider a variety of factors before committing to a home. Renting a home in Mexico is also a good option because you can try out an area before making a large investment. Additionally, you may be able to benefit from cost savings associated with renting a home, as the maintenance costs and property taxes are the responsibility of the homeowner. Ultimately, it comes down to your personal preference, budget, and lifestyle," remarked one member in Mexico.

"We bought an empty lot and built a house on it. Had to get construction permits, since I was a resident at the time it had to be in my wifes name as she is a citizen," explained one expat living in Apizaco, Mexico.

"We purchased a home... Buying is easy but selling is a challenge so they say... Ours went well and we have moved over 20 times in our marriage so buying and selling homes is not new to us... One serious recommendation is to get an attorney to look over the papers and assist in closing. Realtors here run from great to not so and having a knowledgeable third set of eyes makes the process painless," said one person in Ajijic.

"1. Be sure to research the local laws and regulations that are in place in the area of the property or development you plan to buy. 2. Make sure to hire a qualified lawyer that specializes in property law in Mexico. 3. Understand the concept of fideicomiso (Trust Agreement) which is a legal restriction that foreign nationals must agree to with a Mexican bank to become a buyer of property. 4. Spend time talking to local expatriates who are familiar with the area and its laws. 5. Determine all closing costs including Mexico's Capital Gains taxes, property taxes and transfer taxes that must be paid by the seller. 6. Consider getting a home warranty that covers the home and its systems for a certain period of time. 7. Be prepared to pay for a land surveyor to come and survey the property, so that it is properly registered at the Mexican courthouse. 8. Familiarize yourself with the title restrictions in the area to make sure you fully understand the property you’re buying," remarked one foreigner who made the move to Mexico.

"Yes, foreigners are allowed to own property in Mexico. The Mexican Constitution guarantees the right of foreigners to own property in Mexico, as long as certain restrictions are followed. Foreigners are not allowed to own property within a restricted zone, which is within 100 kilometers of the border and 50 kilometers of the coastline. However, foreigners can own property in this zone through a bank trust, known as a fideicomiso. This trust is administered by a Mexican bank and allows the foreign owner to have full use and control of the property," said one foreigner living in Mexico.

"Generally, rental properties in Mexico come with basic appliances such as a refrigerator, stove, and washing machine. Some properties may also include air conditioners, microwave ovens, and/or coffee makers. Depending on the property, some additional features such as a dishwasher may also be provided," remarked one foreigner who made the move to Mexico.

"Expats can search for homes in Mexico by using online real estate websites, such as Inmuebles24, Lamudi, and Vivanuncios, which offer a wide selection of properties for sale and rent. Additionally, expats can contact local real estate agents who specialize in helping foreigners find homes in Mexico. Expats can also search for homes in Mexico by attending open houses and visiting neighborhoods to get a better feel for the area. Finally, expats can join online expat forums and ask for advice from other expats who have already gone through the process of finding a home in Mexico," wrote one expat who made the move to Mexico.