Puerto Vallarta, an earthly paradise on the Mexican Pacific coast, has become an attractive destination for real estate investment for both nationals and foreigners. However, the process of purchasing a property can be complex if you do not have the right information.

For nationals:

  • Legal requirements: Mexicans must present official identification, proof of address and CURP. To buy in restricted areas, a permit from the Ministry of Foreign Affairs is required.
  • Financing: Various banking institutions offer mortgage loans for the purchase of a home.
  • Taxes: The Property Acquisition Tax (ISAI) and the Value Added Tax (VAT) must be paid if the property is new.

For foreigners:

  • Legal requirements: Foreigners must present a valid passport, tourist visa or temporary or permanent residence, and FM3. To purchase in restricted areas, a trust is required.
  • Financing: Some banks offer mortgage loans to foreigners with specific requirements.
  • Taxes: ISAI and, in some cases, VAT must be paid.

Recommendations to facilitate the process:

  • Have the advice of a lawyer or real estate agent with experience in the area.
  • Carry out prior research on the real estate market and areas of interest.
  • Define the budget and the desired characteristics of the property.
  • Request detailed information about the property, including title, liens, and legal status.
  • Process the public deed and property registration with the corresponding authorities.

Benefits of purchasing a property in Puerto Vallarta:

  • Capital gains: The value of properties in Puerto Vallarta tends to increase over time, which represents a good long-term investment.
  • Opportunity to rent the property: Additional income can be generated by renting the property to tourists or temporary residents.
  • Enjoy the lifestyle: Puerto Vallarta offers a warm climate, paradisiacal beaches, outdoor activities and a wide range of services.

With the right information and professional advice, the process of acquiring property in Puerto Vallarta can be a successful and rewarding experience.

Be sure to contact us for more information. At Aube Realty we will be more than happy to help you with your choice.