Buying in Mexico FAQ2021-07-21T16:50:26-05:00
buying-mexico - Real Estate Puerto Vallarta

The Puerto Vallarta Real Estate market offers a myriad of investment opportunities whether you are a developer, retiree or luxury real estate investor.

The slowdown in the global and US financial markets in past years had a direct impact on coastal real estate in Mexico. The Puerto Vallarta real estate industry experienced a general slowdown in real estate sales and substantial price adjustments. Fortunately over the last year we have seen an increase in real estate sales and a return of the luxury real estate market.

There are still many real estate investments available at exceptional prices however this will not last forever. Many wise local and foreign retirees and investors are snapping up the available properties. Let’s face it; on the West coast, it is hard to find such incredibly well-priced properties in such a naturally beautiful location with friendly people and magnificent weather.

In order to assist you, we have designed a list of the most commonly asked questions by buyers when purchasing in Puerto Vallarta.

Frequently Asked Questions

The answer is a resounding, yes! The means, by which foreigners can acquire real estate, is through a Mexican bank trust, technically known in Spanish as a Fideicomiso.

Individuals or foreign companies, in their own right, as well as foreigners that own stock in a Mexican corporation, can all acquire properties through different methods depending on their location. In the interior of Mexico, through direct title and through a bank trust in the coastal areas, including beachfront properties.

A bank trust or what is locally referred to as a Fideicomiso, is the agreement or contract which is contained within the Title deed whereby the bank, known as the trustee (Fiduciario), holds the title for the buyer (Fideicomisario) who, in turn, has all the beneficial rights of use and enjoyment of the property.

A new bank trust is normally for a period of 50 years and can be renewed for a further period of 50 years.

Yes. If you decide to do so, you will be taking over the existing trust that is in place.

It would be wise to check how many years are remaining in the existing trust, since it may be better to establish a new 50-year Bank trust instead.

The initial fee varies from bank to bank; therefore it is a good idea to get a quote from different banks.

Typically, the initiation fee is approximately $500.00 to $650.00 USD, plus an additional, annual fee to be paid in advance. This is almost always the same amount as the initiation fee.

The bank fees a