Along Oaxaca's (pronounced Waa-haa-kaa) Emerald Coast, Puerto Escondido is a port city with a population of about 50,000. Travelers flock to the beachfront community of Puerto to enjoy nature and the beach, sports fishing, and championship surfing.

In the center of the city, Avenida Perez Gasga is alive with restaurants and quaint cafes, specialty shops and pubs, except (of course) during afternoon siestas, still observed by many locals. If you're reading this and looking for a place to retire, you just stumbled upon a tropical paradise where you can still buyoceanfront Mexico Real Estate at a reasonable price.

Discover VivoResorts' Oceanfront Properties!

Mexico Real Estate: A Nice Price

People from other countries can now legally buy Mexico Real Estate, and the legal system protects the rights of all property owners. And in Mexico, you can often afford the kind of property that your budget may not allow in Canada or the U.S., like oceanfront property!

Purchasing Property in Mexico

In Mexico, foreigners can buy property fairly simply, unless the property is located in a restricted zone:

€ 50 kilometers (32 miles) from the shoreline
€ 100 kilometers (62.5 miles) from the borders

Purchasing Oceanfront Property

For Mexico Real Estate in a restricted zone, the buyer chooses between two ways to buy:

€ A Bank Trust (also known as a Fideicomiso)
€ A Corporate Trust

Both Fideicomiso and Corporate Trusts provide:

€ A description of the Mexico Real Estate to be placed in trust
€ The use for which the property is intended
€ The value of the property
€ Personal identification of each beneficiary

Once approved, a Notario prepares a notarized and recorded trust document and prepares the deed for you as the beneficiary. The certificate is registered and recorded, and the foreign property owner is given an Individual Certified Deed that grants exclusive and full-possession rights to the beneficiary. The beneficiary has complete rights to use and make improvements to the property, lease or sell the property, and will the property.

When the property owner passes away, his or her estate becomes the new beneficiary. An additional beneficiary to the trust may also be named using a Mexican will, and co-owners can be named on your deed to avoid probate. Deeds issued through a Corporate Trust are irrevocable and have no expiration date.

Closing Costs on Mexico Real Estate

€ If you use a Corporate Trust, closing costs for the purchaser are typically between $4,000 - $5,000
€ With a Fideicomiso, closing costs range between 5-8% of the price of the property
€ Using a Fideicomiso, you'll also have an annual fee of about $500

The State of Oaxaca

Oaxaca is culturally diverse and the capital, also called Oaxaca, is a World UNESCO Heritage city famous for its unique colonial style buildings and cultural crafts and cuisine that its many visitors enjoy.

VivoResorts Oceanfront Properties

Mexico Real Estate a sound investment €"and our properties are selling fast!

Visit VivoResorts Oceanfront Properties to learn more! Be sure to see our Gallery! We offer private villasand condos right on the beach!