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Global.Properties boasts over 199512 listings of properties for sale in Mexico, sourced from verified agencies and directly from developers.
- To buy or sell properties on the primary or secondary market on the site, you can sort by query, search by filters or view a map.
- At the bottom of the page, you’ll find "quick links" that simplify customising your search, featuring popular filters like "by the sea", "at the beachfront" and more.
- To make it easier to view the cost, a converter is connected to quickly convert the amount into US dollars, EUR and the country's currency.
Anyone from outside of the country can buy a home there. Ownership comes in two forms: leasehold or freehold. The first option entails a long-term lease for 30 years with the right to extend the contract twice for a similar period, while the second option grants full ownership.
Regardless of the ownership rights the new owner receives, they can still dispose of the property at their discretion: sell, lease, gift or bequest it.
- Average selling price: USD 347,600
- Average price of property for sale in Mexico per m²: USD 2,800
- Minimum value: USD 83025
- Most expensive object: USD 15 million
- Median price has increased by 8% in the last year.
- Minimum size: 30 m²
- Largest accommodation: 3,800 m²
To obtain the country’s residence permit, you must own a home worth over approximately USD 585,000. The visa is valid for four years. Following this period, you can then apply for permanent residency.
Here are the steps required for application:
- Prepare the necessary paperwork:
- Original and a copy of a legal passport;
- Complete the visa application form;
- Provide a recent passport-sized colour photograph (not older than 30 days);
- Individuals with non-Spanish nationality must furnish an original and a copy of the document indicating legal residence in the country (visa and/or resident card);
- Original and copy of the document certifying that the foreigner owns a property valued at a minimum of USD 585,000.
- Apply for a residence permit at the Mexican consulate and have an interview.
- Wait for the application to be processed. If the officer is satisfied with the interview and the documents provided, the visa can be obtained on the same day at the consulate. If further checks are necessary, the issuance date will be postponed.
- Obtain a resident visa from the consulate.
- Complete the registration: within the next 30 calendar days upon arrival, the foreigner must receive a short-term resident card from the Instituto Nacional de Migración.
The law does not allow for citizenship to be obtained directly through the purchase of property. Instead, you must reside in the country for a minimum of four years in a resident status and then apply for permanent residency, leading to the issuance of an indefinite resident card. After five years of continuous residence in the country, you can apply for citizenship. To do so, you must pass an exam covering the state's Spanish language, culture and history.
In 2024, the market continues to attract international investors, with Cancun, Durango, Acapulco, Mexico City and Coba emerging as the most popular destinations for purchasing homes and holidaying These locations are suitable for renting out or reselling a home.
The country boasts a wide array of beachfront villas equipped with swimming pools and lounge areas. Apartments in Mexico are situated within residential complexes that may feature fitness centres, spas and direct beach access. Penthouses offer exclusive amenities, including swimming pools, gyms and terraces.
There has been a surge in prices and new supply in the market, driven by the heightened demand for luxury accommodation. Owners can rent out premises and thus recoup the money spent on the purchase, thus making investment real estate in Mexico a profitable acquisition. The demand for rentals is primarily fuelled by tourists and freelancers who favour warm climates and beach holidays with azure waters.
Yes, as the long holiday season attracts tourists who seek accommodation in popular coastal areas. The country is becoming increasingly sought after by freelancers and expats who opt for developed cities with established infrastructure. The return on property investment in the capital averages between 5 and 7% per annum, though this figure may vary depending on location, city and season.
Real estate in Mexico
In 2024, the housing market continues to attract the attention of both local and overseas investors due to the numerous buying options and growth potential. The following popular unit types are available for sale:
- Condominiums and flats: Flats are commonly situated in low- to mid-rise buildings. New complexes are equipped with gyms, car parks and swimming pools. These projects are under security and video surveillance;
- Townhouses and villas in Mexico: These modern premises often feature private pools, terraces, balconies and car parks;
- Houses: These are secondary market options, with architecture that may resemble colonial style. Balconies and roof terraces often complement their layouts.
Off-plan real estate in Mexico for investment is also in demand among investors and end buyers, as properties in unfinished projects can be purchased at lower prices. The capital boasts the most significant number of offers, but you can also choose off-plan housing in amazing Tijuana, serene Monterrey, charming Playa del Carmen, inimitable Puerto Morelos, enjoyable Hermosillo and majestic Guadalajara.
The average cost of real estate in Mexico is lower than in the US and some European countries. In 2023, the states with the highest price per square metre were Nuevo León, Nayarit and Jalisco, with prices of USD 3,220, USD 2,800 and USD 2,640, respectively. As for the cities, the most expensive locations per metre were Monterrey, Guadalajara and Zapopan. Here, the price reached USD 3,030, USD 2,800 and USD 2,750, respectively.
Reasons for investing in real estate in Mexico
The dynamic housing market can be a solid investment option, supported by the following factors in 2023:
- A robust 10% growth in the sector;
- Stable demand for housing, which increased by 7%;
- The strong appeal of smaller cities, offering lower prices;
- Embrace of green construction, constituting approximately 20% of new developments;
- The country’s popularity as a tourism destination;
- A rising trend towards working remotely from seaside locations, attracting a growing number of digital nomads to the country.
The demand for housing is influencing the rental market significantly. The most popular properties are in the capital, the states of Mexico City and Nuevo Leon. Regarding real estate prices in Mexico per month for rentals, the highest costs are found in the following states and cities:
- Southern Baja California – USD 1,640
- Nuevo Leon – USD 1,620
- Mexico State – USD 1,570
- San Luis Potosí – USD 940
- Puebla de Zaragoza – USD 870
- Leon de los Aldamas – USD 860
Foreign investment has recently emerged as a driving force in the Mexican housing market. More overseas buyers are showing interest in tourist destinations and high-end homes, which is driving up property values. This makes it possible to resell a flat or house at a higher price if your plans for renting or living change.
Buying real estate in Mexico
The site features offers from reputable companies with extensive experience in building and selling homes. Buyers are welcome to explore houses, flats and other real estate in Mexico city in the most prestigious areas, ideal for personal residence or renting out. Utilise the search filters to sort options by location, proximity to the coast, number of bedrooms and amenities. Leave your contact information and an agent will reach out to provide details about your favourite unit and the deal specifics.