5 Frequently Asked Questions About Buying Land in the Riviera Maya

1. What is the process for purchasing land in the Riviera Maya?

The process includes reviewing documentation, signing the purchase agreement, and processing the deed. It is essential to have legal advice to ensure the security of your investment.

2. Are there restrictions for foreigners purchasing land?

Yes, foreigners can purchase land through a bank trust if the land is located in a restricted zone (50 km from the coast). The bank manages the trust, while the foreign buyer retains all usage rights.

3. How long does the purchase process take?

The process can take between 4 and 8 weeks, depending on the complexity of the procedures and document verification.

4. What are the additional costs associated with the purchase?

These include taxes (such as the Real Estate Acquisition Tax), notary fees, and deed registration expenses. These costs vary but typically represent between 4% and 7% of the property's value.

5. Is it possible to finance the purchase of land?

Yes, there are direct financing options available with some developers, as well as land mortgages. Evaluate the available options and choose the financing plan that best suits your needs.

Purchasing land is an attractive investment, and addressing your questions is essential for making an informed decision. At Zold58 Real Estate, we are here to answer all your questions and guide you through every step of the process. 

Contact us for a no-obligation consultation!