Buying a home in Mexico

Property worth in baja mexico beachfront homes tend to grow over the future, as they do in most places, but in several places (with notable exceptions in popular cities and coastal areas) not as significantly as prices have increased in the usa and Europe in the past few years.

There are two taxes you’ll pay when you buy a home in Mexico. The first is the Acquisition Tax (ISABI), which is 2% of the overall documented price. This tax is paid upon purchase and becomes part of your Cost Basis making it fully deductible should you decide to offer your property later on.

Source: http://www.bajarosaritorealty.net/