Buying Property in Mexico as a Foreigner: What You Need to Know

Mexico has a well-established legal framework that allows foreigners to purchase property throughout the country. While the process differs from the United States or Canada, thousands of international buyers successfully purchase homes in Mexico every year.

San Miguel de Allende sits in central Mexico, well outside any restricted zone. Foreign buyers can hold direct title to property here, with their name on the deed, the same way they would back home. The process is simple, transparent, and overseen by a notario público.

Foreign buyers in San Miguel de Allende must file a convenio de renuncia with the Secretaría de Relaciones Exteriores (SRE). This is a standard government permit that allows foreigners to own property. Your notario público handles the filing. Budget approximately 3–6 weeks for processing and a fee of around 7,500 MXN.

All real estate transactions in Mexico are finalized before a notario público - a government-appointed legal authority who verifies the legality of the transaction, confirms clear title, calculates taxes, collects funds, and executes the official deed transfer (escritura). Understanding closing costs in San Miguel is an important part of budgeting for your purchase.

Closing costs for buyers typically range from 4–7% of the purchase price and include notario fees, SRE permit fees, escrow costs, property inspection, and applicable taxes. Our Buyer's Roadmap walks you through every step of this process.

Working with an experienced bilingual real estate professional who understands both the Mexican legal system and international buyer expectations is essential. They can guide you through every step, connect you with trusted notarios and attorneys, and ensure nothing is lost in translation.