Question 1

Can foreigners buy property in Mexico?

Accepted Answer

Yes. Foreigners can buy property in Mexico. In restricted zones (50 km from coast, 100 km from borders), a bank trust (fideicomiso) is required, which grants you the same rights as a Mexican owner.

Question 2

How much are closing costs?

Accepted Answer

Closing costs vary by state: 6-8% of property value in Quintana Roo (Cancún, Tulum, Playa del Carmen) and 5-7% in Yucatán (Mérida). This includes acquisition tax, notary fees and registration fees.

Question 3

How long does the buying process take?

Accepted Answer

The complete process takes 30-90 days depending on property type and financing. Cash purchases are faster (30-45 days). With a mortgage it can extend to 60-90 days.

Question 4

What is a fideicomiso (bank trust)?

Accepted Answer

A legal instrument where a Mexican bank holds the property on behalf of the foreign buyer. It grants full rights of use, rental, sale and inheritance. It renews automatically every 50 years.

Question 5

What ROI can I expect in the Riviera Maya?

Accepted Answer

ROI varies by strategy: pre-sale appreciation 20-40% (2-3 years), residential rental 5-8% annually, and vacation rental 8-14% annually. We use real AirDNA data and market comparables to estimate returns.

Question 6

Is residential or vacation rental better?

Accepted Answer

It depends on your profile. Residential rental offers stable income with less management effort. Vacation rental generates more income but requires active management or a property manager (15-25% commission).

Question 7

How is Cap Rate calculated?

Accepted Answer

Cap Rate = (Annual Net Income / Purchase Price) × 100. It's the return rate if you buy in cash, without considering financing. A 6-8% Cap Rate is considered good for the Mexican market.

Question 8

Can foreigners get a mortgage in Mexico?

Accepted Answer

Some Mexican banks offer mortgages to foreigners with FM2/FM3 (temporary or permanent residence). Requirements tend to be stricter and rates slightly higher than for nationals.

Question 9

What is developer financing?

Accepted Answer

A payment plan where you pay the developer directly in monthly installments during construction, typically at 0% interest. Requires a 20-30% down payment with the balance covered in 12-36 months.

Question 10

How much can I earn renting on Airbnb in Tulum?

Accepted Answer

A 1-bedroom apartment in Tulum can generate $15,000-$30,000 MXN/month in vacation rental at 60-75% occupancy. A 2-bedroom can reach $25,000-$50,000 MXN/month. We use AirDNA data for precise estimates.

Question 11

Do I need a property manager?

Accepted Answer

For vacation rental, it's highly recommended. A property manager handles check-in/check-out, cleaning, maintenance and guest communication. Typical commission is 15-25% of gross income.

Question 12

Does Propyte charge buyers?

Accepted Answer

No. Our service is free for buyers and investors. We work with developers who cover our fees as part of their sales strategy.

Question 13

Where does the market data come from?

Accepted Answer

Our analyses combine AirDNA data (occupancy, ADR, RevPAR), rental comparables from real estate portals and proprietary machine learning models. Data is updated weekly.

Question 14

How do I filter properties by my budget?

Accepted Answer

On /propiedades use the min/max price, city, property type and stage (preventa/construction/ready-to-deliver) filters. Results update in real time. You can save frequent searches in your profile.

Frequently asked questions