Yes, you can own property in Mexico! Foreigners can legally own real estate through a fideicomiso (bank trust), similar to estate trusts in the U.S. This applies to properties within the "restricted zone," including coastal areas like Cabo San Lucas.

What Is a Fideicomiso?
A fideicomiso is a renewable 50-year trust agreement set up through a Mexican bank, with you as the sole beneficiary. You have full ownership rights — including the ability to use, improve, rent, sell, or pass down the property.

Financing in Mexico
Financing options are limited. Interest rates often range from 7–10% plus high closing costs. While developer financing is sometimes available for new projects, resale home sellers may offer more flexible terms, such as owner financing with balloon payments over 3–7 years. Ask us about the latest financing options.

Property Taxes
Annual property taxes in Los Cabos are low — typically $300–$500 USD for a home. However, it’s crucial to properly record the purchase price and pay the 2% transfer tax to avoid issues with future capital gains taxes.

Tax Benefits & Capital Gains
Paying the 2% acquisition tax makes you eligible for inflationary credits, reducing future tax liability.
Residents may qualify for capital gains tax exemptions after two years of ownership.
While a visa isn’t required to buy property, it may help you qualify for tax exemptions when you sell.
Always consult a local Notario or tax advisor for the latest legal and financial guidance.