Mexico luxury real estate combines: proximity to the United States, diverse destinations (Caribbean, Pacific, colonial cities, cenote country), and favorable exchange rates for dollar-based buyers.
Top destinations: Los Cabos (mature, high-entry, high-stability), Riviera Maya (growth market, diverse profiles), Punta Mita and Riviera Nayarit (Pacific luxury), Yucatan Peninsula (appreciation phase).
Legal framework: foreigners can own directly outside restricted zones. Within 50km of coast, fideicomiso (bank trust) required. Annual fee: approximately 500-700 USD. Full ownership rights including sell, rent, remodel, mortgage, bequeath.
Due diligence: title chain with Mexican notary, use permit, certificate of no liens, condominium regime. Budget 6-9% of purchase price for closing costs.