Can foreigners buy property in Mexico?

Yes. Foreigners can buy properties in the Riviera Maya through a bank trust (fideicomiso), a legal agreement that grants them all property rights. The trust is valid for 50 years and is renewable.

What is a fideicomiso in Mexico?

A fideicomiso is a legal contract in which a Mexican bank acts as trustee and holds the property on behalf of the foreign buyer, who retains all rights of use, rental and sale. Initial costs range from US$500 to US$1,000 and annual maintenance is US$500 to US$700.

Where does Howes Realty have properties?

Howes Realty has properties in Puerto Aventuras, Playa del Carmen, Tulum, Puerto Morelos and Chemuyil, with over 18 years of experience in the Riviera Maya.