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Mexico Real Estate FAQs
Can non-Mexican citizens buy a home in Mexico?
Yes, foreigners can buy a home in Mexico, but there are certain restrictions that need to be taken into consideration. Learn more about ejidos, fidecomiso and mortgages in Mexico to understand some of these but generally speaking: non-Mexican citizens are able to purchase property in Mexico. Far Homes aims to make that process easier for foreigners.
What is the average home price in Mexico?
The average home price in Mexico varies widely depending on the location, size, and the various real estate features of the property. In the popular tourist destinations of Cancun, Puerto Vallarta, and Playa del Carmen, the average price range for a home can be around $250,000 USD or more whereas in a different city, the price would be different, depending on the property's amenities, location, and proximity to the beach.
Where are the best places to live in Mexico?
There are so many places to live the good life in Mexico! Some of the best places to live (and buy real estate) in Mexico include places you may have heard of already such as Cancun and Puerto Vallarta. Cancun has a population of approximately 750,000 people and an average daily temperature of 27°C (81°F). The city is known for its beautiful beaches, world-class resorts, and vibrant nightlife. Puerto Vallarta hosts just 300,000 people with a pleasing average daily temperature of 25°C (77°F) and similar to other areas in the hotel regions of Mexico, offers a laid-back lifestyle, excellent restaurants, and many cultural attractions. Other great places to live in Mexico include Playa Del Carmen, Cabo and Mexico City.
What is the Mexican real estate market like?
The Mexican real estate market is generally more affordable than the US, and it can offer a good return on investment for those looking to buy property internationally. However, the market can be volatile, and it's important to work with a reputable agent to ensure that you're making a sound investment when dealing with real estate in any country.
What is it like to live in Mexico?
Living in Mexico is a rewarding experience, with a vibrant culture, friendly people, and beautiful landscapes. The cost of living is lower than in the US, and healthcare is generally more affordable. Expats often cite the warm climate, delicious food, and laid-back lifestyle as reasons for living in Mexico. Come and visit a place like Cancun or Puerto Vallarta soon to see for yourself!