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Purchasing investment real estate in Cozumel as a foreigner can be simplified by utilising platforms like Global.Properties. This platform boasts over 5000 properties on the island, sourced from reputable real estate agents and directly from developers. To begin, potential buyers can navigate the website to browse advertisements for properties in Cozumel, where they can thoroughly examine each property’s characteristics, price, layout and detailed descriptions. Once they’ve selected a property that meets their criteria, buyers can directly contact the seller either by phone or via private messages to initiate discussions. This process is complemented by the necessity to adhere to local legal requirements. Foreign buyers are obligated to purchase coastal properties through a bank trust, known as a "fideicomiso." This legal structure enables foreigners to indirectly manage the property, holding rights for up to 50 years with options for renewal.
- Minimum real estate prices in Cozumel: USD 100,000
- Most expensive object: USD 1.5 million
- Minimum size: 45 m²
- Largest property size: 520 m²
If you wish to purchase a home in Cozumel and obtain a residence pass, you would first need to apply for a temporary residence visa. This visa can then be converted into permanent status. Here's a basic guide based on the most recent rules:
- Temporary residency: To qualify for this visa, you must demonstrate a stable monthly income of at least USD 2,530 for the past 6 months or savings or investments totalling USD 42,164 over the last 12 months. Alternatively, you may be eligible for temporary residency if you own real estate in Mexico worth approximately USD 553,000;
- To attain permanent status, you must demonstrate a higher financial threshold compared to that required for a temporary visa. You need to prove that you either earn at least USD 4,217 per month or possess savings or investments totalling at least USD 168,654 over the last 12 months.
Cozumel offers a variety of neighbourhoods, perfect for those contemplating a move to this stunning island. Here’s a breakdown of some popular areas:
- San Miguel: This serves as the island's commercial and social hub, providing a vibrant blend of local culture and modern amenities. Its downtown area, in particular, is popular due to its proximity to various shops, restaurants and the ferry terminal, making it convenient for daily living and access to the mainland;
- Corpus Christi: A favourite among expatriates, this neighbourhood exudes a friendly community vibe and is renowned for its tranquillity and safety. It offers a variety of residential options, from apartments in Mexico to larger properties for sale in Cozumel, often featuring scenic views and proximity to the ocean;
- Northern Zones (Country Club Estates): For those seeking luxury and exclusivity, the northern areas of Cozumel offer gated communities with high-end homes and superior amenities, including golf courses and private beaches. These areas are less densely populated and provide a tranquil living environment amidst stunning natural beauty;
- Southern Cozumel: Renowned for its newer developments, the southern part of the island attracts many retirees and expatriates with its modern condos and homes that harmonise seamlessly with the surrounding tropical landscape. This area is ideal for those seeking a blend of contemporary living and access to nature, including proximity to eco-parks and water activities.
Real estate in Cozumel
Real estate in Cozumel is enhanced by the island's natural beauty and increasing popularity among tourists and residents alike. Here's a detailed overview of what the locality has to offer:
- Types of properties: The market encompasses everything from luxurious beachfront estates and villas in Mexico with private pools to cosy downtown condos and modern developments that provide community living with ample amenities. Additionally, there is traditional Mexican property for sale in Cozumel that offers an authentic local experience, as well as jungle retreats for those seeking solitude and a connection with nature;
- Amenities and local infrastructure: Cozumel is well-equipped with amenities that enrich residential life. The island boasts various shopping options, international and local cuisine restaurants and essential services such as state-of-the-art medical facilities. The International Airport provides convenient travel options, directly connecting the island to major cities in the USA and Canada;
- Environmental commitment: Development in Cozumel is regulated under strict environmental laws to preserve its marine and land ecosystems, making it a sustainable option for eco-conscious investors;
- Real estate market trends: The inventory of real estate for sale in Cozumel is somewhat constrained by the island's small size, which can lead to higher property prices, especially for sought-after oceanfront locations;
- Cultural and recreational life: Owning property in Cozumel also provides an opportunity to immerse oneself in the local culture and community activities. The island is renowned for its friendly community, vibrant cultural scene and recreational activities, including golf, tennis and world-renowned scuba diving spots.
This combination of modern amenities, cultural richness, environmental stewardship and diverse property options makes Cozumel a compelling destination for real estate investment.
Reasons for investing in real estate in Cozumel
Investing in property in Cozumel offers several compelling reasons that make it an attractive opportunity, particularly due to its unique combination of lifestyle, financial and market-driven benefits:
- Robust tourism & economic stability: Cozumel's economy is significantly bolstered by its robust tourism sector, which supports the real estate market through consistent demand for both residential and vacation properties;
- Appreciation potential: Properties in Cozumel have demonstrated promising appreciation potential, driven by the island's popularity and limited property inventory;
- Lifestyle and environmental commitment: The island is renowned not only for its natural beauty and warm community but also for its steadfast commitment to preserving its environment;
- Diverse investment opportunities: The real estate landscape in Cozumel is diverse, offering everything from luxury beachfront properties to more affordable condos and townhomes;
- Tax benefits and lower costs: Compared to many areas in the US and Canada, property taxes and the acquisition cost of real estate in Cozumel are lower, potentially reducing the overall investment burden for foreign investors;
- Good ROI and cash flow opportunities: Real estate investments in Cozumel can yield a substantial return on investment (ROI), especially in areas with high rental demand. Efficient property management and strategic location choice can maximise ROI by optimising rental income and minimising expenses.
These factors make Cozumel not just a place to own property but a strategic choice for investors aiming for both income and enjoyment from their real estate investments.
Buying real estate in Cozumel
Buying real estate in Cozumel, Mexico, as a foreigner involves navigating specific legal processes to ensure a smooth and compliant transaction:
- Understanding local property laws: Familiarise yourself with the local property laws, especially those relating to the "Restricted Zone." Foreigners cannot directly own land within 50 kilometres of the coast but can acquire properties through a bank trust known as a 'Fideicomiso';
- Securing a fideicomiso (bank trust): This trust grants you control over the property and authority to make decisions regarding it. Setting up a Fideicomiso typically costs around USD 1,200 and involves selecting a Mexican bank to act as your trustee;
- Working with real estate professionals: Collaborate with licensed local real estate agents who are knowledgeable about Cozumel's real estate market. Ensure they are officially recognised to practice in Cozumel;
- Property inspections and legal checks: Hire a qualified inspector to evaluate the property thoroughly. This includes checking the building’s structure, plumbing and electrical systems and ensuring there are no existing legal issues like liens or debts;
- Closing the deal: Once you’ve decided to purchase, your agent will assist with negotiations and finalising the deal. All transactions must be ratified by a Mexican notary, who ensures the legal transfer of the property and calculates any applicable taxes;
- Finalising the transaction: The notary public plays a crucial role in ensuring that all documents are in order and officially recording the transaction. Payment is typically handled through secure means, often an escrow service. Once all terms are satisfied, you’ll receive the keys to the property.
The website has over 5,000 ads listing real estate in Cozumel for investment. You can easily find deals from top builders and reputable real estate firms all in one place, eliminating the need to visit dozens of sites to search for homes. Our platform offers useful search options, a currency calculator, direct contact with a salesperson, translation into several languages, automatic price updates and more. Every day, both individuals and computers update the collection of items. We gather information from various real estate agencies and company websites.