Can a foreigner buy a house in Merida, Yucatan?

Thinking about buying a home in Merida, Yucatán as a non-Mexican? You’re not alone, international buyers from the U.S., Canada and Europe often ask the same question: Can a foreigner buy a house in Merida? Short answer: yes. This guide walks you through how it works, the main options (fideicomiso vs. corporation), common costs and timing, and practical tips to make the purchase smooth and secure. Read on for a clear, step-by-step explanation. ✨

Is it possible to buy a house in Merida, Mexico as a foreigner? ✅

Yes, foreigners can buy property in Merida. Mexican law does restrict direct ownership of certain coastal and border lands by foreigners, but inside Yucatán state, including most of Merida, you can acquire residential property directly or through legal structures designed for non-residents. In practice, many buyers purchase homes as tourists, and closing can be completed from abroad with the right paperwork (power of attorney, bank transfers, and legal representation). 🌎✈️

What you need to know about buying a house in Merida as a foreigner 📝

●Taxes and annual fees: expect annual trustee fees for fideicomisos and routine tax/accounting obligations for corporations. Also budget for closing costs, notary fees, and legal services. (Always get an itemized cost estimate from your lawyer or agent.)

●Immigration: purchasing property does not automatically grant residency. If you want to live in Mexico longer term, residency is pursued separately through Mexican consulates or immigration offices.

What are the requirements for buying a house in Merida as a foreigner? 🔍

Decide how you will hold title

●Fideicomiso (bank trust): commonly used when buying property in restricted zones (coastal/border). The bank holds the deed in trust on your behalf; you retain the rights to use, rent, sell, and pass on the property. Annual trustee fees apply.

●Mexican corporation: often used for commercial projects, hotels, or if you plan to buy multiple properties. Corporations must be registered and comply with Mexican corporate & tax rules.

Identification and documentation

●Valid passport (for foreigners).

●Proof of funds / bank statements for down payments or mortgage qualification.

●If acting via power of attorney, a notarized and properly authenticated POA will be required.

Legal due diligence (essential)

●Title search and review of public records.

●Verification of zoning, permits, and any outstanding liens.

●Review of homeowners’ association rules if the property sits within a development.

Bank account and money transfers

●Many buyers open a Mexican bank account for the transaction; some banks accept non-resident accounts. Alternatively, an international wire can be used with the assistance of your lawyer or escrow arrangement.

Fiscal & tax formalities

●Closing involves a notary public (notario), who prepares and records the deed.

●Expect closing costs: notary fees, registration fees, and applicable taxes. If you use a corporation, ongoing accounting and tax reporting are required.

Timeline & costs

●A fideicomiso and a single residential purchase can move relatively quickly (often within a few months). Forming a corporation and opening corporate banking can take longer (several weeks to a few months depending on appointments and bank processing).

Need help? Jaguar Tulum Real Estate is here to guide you 🤝

Buying property in a foreign country can feel complicated, but you don’t have to go it alone. Jaguar Tulum Real Estate offers personalized guidance across the Riviera Maya and Yucatán: property search, document review, introductions to trusted bilingual lawyers and notaries, assistance with fideicomisos or corporate setups, and coordination of remote closings. Our team helps buyers every step of the way so the process is clear, secure and efficient. 🌴

📩 Your first consultation is completely free. Let us guide you in making an informed, confident decision, without pressure, and always with your best interest in mind.