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Updated November 2026 · 8 guides

Don't buy the wrong property in Mexico

What homes really cost, what you pay on top, the rules, and the mistakes foreign buyers keep making.

A buyer checking a deep crack in a wall above Mexico City

2-bed flat, Mexico City

Narvarte$150k–230k
Roma Norte$260k–400k
Polanco$380k–650k

Asking price · our estimates

1.7 millionforeigners living in Mexico
1.3%of the population is foreign-born
$220kmedian 2-bed flat in Mexico City
6.8%gross rental yield in Mexico City

Where in Mexico? Place by place.

The same four numbers, side by side, for the places foreigners look at most.

Place
 
Price a m²
asking
2-bed flat
typical price
2-bed rent
a month
Airbnb occupancy
over a year
Mexico Citythe big capital$3,150$221k$1,25064%
Playa del Carmenthe caribbean beach town$3,000$210k$1,30055%
Tulumthe boho beach town$3,100$217k$1,20043%
Puerto Vallartathe pacific resort$4,200$294k$1,60056%
Cabo San Lucasthe upscale baja resort$4,800$336k$2,20049%
San Miguel de Allendethe colonial art town$2,800$196k$1,30042%
Méridathe safe colonial city$1,700$119k$80058%
Lake Chapalathe retiree lakeside towns$1,900$133k$90045%
Guadalajarathe second city$2,830$198k$90051%
Querétarothe calm business city$1,600$112k$70058%

Asking prices for flats. 2-bed flat: about 70 m². Rent: long-term lease, unfurnished. Our best estimates, from listings and our guides.

The 8 traps foreign buyers fall into.

01Beach homes need a trust

Within 50 km of the coast you can't hold the title yourself. You need a bank trust, about $500–1,000 a year.

02Ejido land

Cheap beach lots often sit on ejido farmland. Without private title, your purchase can be void.

03Lowball deed price

Sellers ask to declare a lower price to cut their tax. You pay more tax when you sell.

04Pre-sales that stall

In Tulum and Playa, off-plan often finishes years late. Check permits and the builder's record.

05Anyone can be an agent

Most states don't license agents. Use your own notary and lawyer, not the agent's picks.

06Closing costs add 5–8%

Acquisition tax (2–4.5% by state), notary, trust and appraisal add 5 to 8% on top of the price. Budget for it.

07Debts stay with the home

Unpaid tax, water and HOA fees pass to you. The notary gets no-debt letters before signing.

08Cash limit on property

Paying over about $50,000 in cash for a home is illegal. Wire the money instead.

From offer to keys in about 10 weeks.

Paying cash; a mortgage adds 1 to 2 months.

1Find a homewith or without an agent
2Make an offersigned, with a 10% deposit
3Trust & permitsbank trust near the coast
4Notary checkstitle, debts, appraisal
5Sign the deedyou get the keys
6Title registeredpublic registry, 1-3 mos

Foreign buyers always make the same mistakes in Mexico. Don’t be next.

A page from the guide

70+ pages in the full guide · click a page

Updated November 2026 · 70+ pages · PDF

Buying in Mexico as a Foreigner: how to make zero mistakes

Inside the guide

  • What a foreigner can and can’t buy
  • Every step, from offer to keys
  • Who does what, and who to double-check
  • The traps foreign buyers fall into
  • What you’ll pay on top of the price
  • How to move your money in safely
  • Whether buying gets you residency
  • How much tax you’ll owe
  • Who inherits your home, and how fast
  • What owning costs you every year
  • What’s changed for foreigners this year
  • What could go wrong, and how to avoid it
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What you pay on top of the price in Mexico City.

On a $300,000 flat, count about $15,000 to $18,000 more.

Price $300,000
Transfer tax (ISAI) ~3.8%~$11,400
Notary 1–1.5%$3,000–4,500
Appraisal and registry 0.3–0.7%$900–2,100
On top of the price~$15,300–18,000

Mexico City tax code · notary fee schedules · On the coast, add a bank trust: about $1,000, then $500–700 a year · Updated

Can you rent it on Airbnb in Mexico?

Mexico City now caps it. The coast wants a registry and taxes.

Mexico City

Host registry, and rented no more than half the year.

Restricted
Playa / Tulum

Free state registry, local license, 6% lodging tax plus VAT.

Permit needed
Puerto Vallarta

No host registry. Platforms collect the lodging tax.

Allowed
San Miguel de Allende

Allowed. Check the town registry and gated-community rules.

Allowed

Mexico City 2024 reform · Quintana Roo RETUR-Q · Updated

Safe areas in Mexico City, area by area.

Most places foreigners buy in are calm. A few are best avoided.

Calm
  • Polanco
  • Condesa
  • Roma Norte
  • Del Valle
  • Nápoles
  • Coyoacán
  • San Ángel
Fine by day
  • Juárez
  • Centro Histórico
  • Santa María la Ribera
  • Doctores
Best avoided
  • Tepito
  • Guerrero
  • Iztapalapa

People who feel unsafe where they live

Benito Juárez17%
Miguel Hidalgo39%
Coyoacán43%
Iztapalapa73%

INEGI city safety survey 2026 · US State Department, Level 2 · Updated