Yes, by buying the property through a fideicomiso (Trust)

Yes, laws have made it possible for foreigners to invest in coastal real estate through a bank trust.

The closing costs vary from 5% to 7% of the investment. The percentage depends on the area where you acquire your property.

This process might take between 30 to 60 days when using a Bank Trust.

Normally there are five players involved in a real estate transaction. These are the real estate company(ies), the seller, the buyer, a bank, and a Public Notary.

A Public Notary is a lawyer who reviews all official documents to ensure the proper transfer of the property.

The transfer tax ranges between 3% to 6% of the tax appraisal value, which in general is less than the sales value.

We use the Escrow service where a third party on behalf of the buyer and seller manages the money portion of the transaction.

There are three parties involved. First the Trustor (Seller), the bank is the Trustee (Fiduciario), and the buyer is the Beneficiary (Fideicomisario.)

Title of the property is assigned to a trust with a Mexican bank acting as Trustee. The Trust Agreement is formalized by the division of a permit from the Mexican Ministry of Foreign Affairs. The buyer is titled as Beneficiary in the Trust and the beneficiary rights are listed in the public record by a Notary Public.