How does a foreigner own oceanfront in Mexico?
There are two ways to buy Real Estate in Mexico as a foreigner to this country. The first is to set up a Bank Trust (Fideicomiso). It is valid for 50 years and can be renewed after that for another 50 years. The bank is the Trustee and you are the Beneficiary.
The second is the Mexican Corporation. You need at least two shareholders to set up the Mexican Corporation, once it is set up the corporation will go out a buy the property you desire and hold the Title to this property. You can have multiple properties including commercial Real Estate under one corporation.
We will help you through the entire process of buying Real Estate in Yucatan, Mexico.
How much does it cost to build in Mexico?
Building costs on oceanfront property in Mexico ranges between 60-100 USD per square foot.
Are there direct flights to the properties?
Yes, there are direct flights from the U.S, Canada and Europe. You can fly direct on almost all of the major airlines into Cancun. You can also fly into, Merida, and Cozumel. United Airlines flies direct from Houston to the city of Merida and AeroMexico from Miami to Merida.
What are the building restrictions?
For oceanfront Real Estate (residential) you are looking at a maximum height of 2 stories on the Yucatan Peninsula. For second row lots you can go up to three stories high. Some areas are looking to preserve the environment as much as possible, so you may find some areas limiting the amount of construction. We can be more specific when you select an area of interest such as Majahual Real Estate, Yucatan Real Estate, Playa del Carmen Real Estate, Cozumel Real Estate, etc.
Can you refer me to a builder?
Yes we can. Once you have selected the Yucatan property you wish to purchase through us, we can refer you to a few reliable local architects/builders. We can even help to set up an appointment to meet with these architects/builders while you are here in town. This way you can see the style of homes that are built in this area, and you can start making plans for your future home.
Do your properties have clear title?
Yes, all of our Yucatan real estate Llistings have clear titles and have no liens against them.
How long will it take to close on my Yucatan property?
It usually takes 30 days to close on a property.
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My partner and I recently concluded a week of intense house hunting with Yury in Merida and she did such an incredible job and took such great care of us that I simply had to write this testimonial. C… Read more
At the outset we want to thank you for a successful and efficient sales transaction with our property at Sunset Beach in Sisal. The total timeline from presentation of the offer to the closing was jus… Read more
Having decided that I would like to buy some beachfront land and property in the Yucatan a few years ago, I started looking for an agent with a good reputation to help me in my search and final pur… Read more
Dear Yury, I can’t thank you enough for your attention to detail and your warm and caring unselfishness. From the beginning of the sale till the last you were on top of it. It was an easy and stress… Read more
Muchissimas gracias Yury por ayudarme a la venta de mi terreno. Eres una persona encantadora y una agente de real estate sumamente profesional, hiciste que desde tan lejos me sintiese siempre segura… Read more
Over the years we have bought and sold several properties in the US and around the world. Thus we have met many agents good and bad. Yury is definitely one of the very best. Finding the right ag… Read more
I am sending this letter to convey our strong recommendation for you as a real estate professional assisting sellers and buyers in the Yucatan.
After the initial contact with you, we had se… Read more
Yury is a great agent. We had our house listed for 2 years, but she was the only agent who brought serious buyers. She is a pro. She went the extra yard for us. She is a very good honest person. We we… Read more
Yury was spectacular in selling our property. She knows the area and how to highlight its features. She gives every bit of professionalism and stays in contact with you every step of the way. You neve… Read more
Yury did an exceptional job on the selling of our beach house in Sunset Shores, Yucatan Mexico. She went way overboard on clarifying a couple of technical issues that weighed pretty heavy on the sale … Read more