Clear, practical answers for U.S. and Canadian buyers exploring the Puerto Vallarta & Riviera Nayarit market.
Yes. Foreigners can own property anywhere in Mexico. Because Puerto Vallarta and the Riviera Nayarit lie within the 50-kilometer coastal restricted zone, foreign buyers hold residential property through a bank trust (fideicomiso) or, for some purposes, a Mexican corporation. You retain full ownership rights — to use, rent, sell, or pass on the property.
A fideicomiso is a bank trust through which a Mexican bank holds title to coastal property on your behalf, naming you the beneficiary. You hold all rights of ownership. Trusts are issued for renewable 50-year terms and can be transferred or inherited.
Generally about 5–8% of the purchase price — acquisition tax, notary fees, the fideicomiso setup and first-year bank fee, appraisal, and registration. Your notary provides an itemized breakdown before closing.
Most foreign buyers pay cash. Some developers offer pre-construction payment plans, and cross-border lenders provide USD financing for qualified buyers. Traditional Mexican mortgages for non-residents are limited and carry higher rates.
Annual property tax (predial) is low compared with the U.S. and Canada — often a few hundred dollars per year, depending on assessed value, frequently with an early-payment discount.
Yes. Banderas Bay has year-round tourism and strong short-term rental demand, especially for beachfront and marina-area condos. Owners who rent should register for a Mexican tax ID (RFC) and comply with local lodging-tax rules — we can connect you with the right professionals.
Yes. A Notario Público — a specialized, government-appointed attorney — is required to formalize any real estate transaction in Mexico. The notary verifies title, calculates taxes, and records the deed. We recommend independent legal counsel as well.