Cancun is located on the northeast coast of the Yucatan Peninsula in the state of Quintana Roo, Mexico. What makes properties in Cancun so valuable?
This is one of the most famous destinations in the world, known for its beautiful beaches and dynamic nightlife, along with a rich cultural history.
This active tourist destination also brings along an equally active real estate market for the most diverse group of buyers and investors.
The many diverse Cancun real estate for sale includes beachfront condos, luxurious villas, and commercial properties. Whether you’re looking at a vacation home, an investment property, or an investment option, Cancun offers a host of opportunities to live in sustainable luxury.
Cancun real estate has been constantly growing and becomes very attractive to any national and international investor.
Cancun remains one of the most popular places for tourists. Given this, the demand for short-term rentals, like vacations, is very high and guarantees high yields for owners.
The unending development and infrastructure improvement in Cancun appeal to people and investors who want to live in such a place.
The Mexican constitution allows foreign nationals to acquire properties in Cancun. Nevertheless, there are some restrictions for areas that are situated within 50 kilometers from the coastline of Cancun. That type of property should be acquired through a bank trust - known as a fideicomiso, or through a Mexican corporation. Direct property ownership is possible if the property is beyond the restricted areas.
Documents that will be needed to buy real estate in Cancun include the following: a valid passport, Mexican Visa or Residence Permit if applicable, taxpayer ID number, among others, which we can help you collect.
It is very vital to deal with a local agent who knows the real estate market in Cancun. They can guide you through all the legalities involved, understand the local market situation, and communicate with Spanish-speaking sellers and authorities.
If you have finally found your dream property, then make a formal offer via your agent. Negotiate with the seller the price and terms of sale and confirm the transaction timeline.
For property in the restricted zone, choose a Mexican bank as trustee and set up a fideicomiso valid for 50 years and renewable, or open a Mexican corporation, if you will be conducting business on the property.
Conduct a title search to verify that the seller has clear title to the property, draft and sign a sales agreement, pay any applicable closing costs and taxes, and receive an ''escritura''—a deed—as proof of transfer of ownership. Notaries will guide all these processes to ensure everything is in order according to the law.
Buy your property in Cancun with 17+ years of experience our agents have.
We can arrange financing and mortgages for foreigners at the best interest rates possible.
Our multilingual team makes buying Cancun real estate much easier.
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