RENÉ GARCÍAReal Estate AdvisorPuerto Vallarta · Riviera Nayarit
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Buy in Puerto Vallarta

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René García · Real Estate Advisor · SB Realtors · Marina Vallarta · English and Spanish

Better Real Estate Decisions

Areas · How a foreigner buys · Marina Towers

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Area, type, and operation. The result opens the property list with the filter in the address, so you can share it.

Marina Towers, Tower I: immediate delivery (5 units, from US$1,250,000)

René García is a sales advisor for Marina Towers.

An asking price is not a closed sale. Above: René’s listings and the clearest record in each area. The file has 72.

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Buying as a foreigner

General information, not legal or tax advice. Confirm it with a notary before you sign.

Fideicomiso

This coast is inside Mexico’s restricted zone. A foreign individual generally cannot hold direct title to a residential property.

The usual path is a fideicomiso. A Mexican bank holds title and you are the beneficiary: you can use the property, rent it, and sell the beneficial rights. The term runs up to 50 years and can be renewed. The bank charges a setup fee and an annual fee. There is no single rate.

Closing costs

The deed is signed before a notary. The notary calculates the costs of that closing. They are not a percentage this page can set.

On the buyer’s side, people should expect the acquisition tax, which is not the same in Jalisco and in Nayarit, notary fees, the appraisal, and, when a trust is required, the bank’s setup. Who pays each line is written in the offer.

Taxes

Predial is the annual property tax, paid to the municipality. A fideicomiso adds the bank’s annual fee. Where there is a condo regime, that fee is not optional.

When you sell, income tax can apply to the gain and the notary withholds. Rent is taxable income in Mexico. This page does not estimate a yield.

General information, not legal or tax advice. Confirm it with a notary before you sign.

The longer note is on Buying in Mexico

René García, real estate advisor in Puerto Vallarta

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