Buying in Mexico City: Polanco, Lomas and the notary

About Buying in Mexico City: Polanco, Lomas and the notary

By the ULTIMATE Mexico City Editorial Team

Editor-in-Chief: Jai Michael

Mexico City lies outside the “restricted zone” of 100 kilometres from the borders and 50 kilometres from the coasts, so a foreign buyer can hold property directly, after filing a waiver with the Foreign Ministry, the SRE, under Article 27 of the Constitution and the foreign investment law (sre.gob.mx). Every sale is completed by deed before a notario público.

Where people buy

Polanco and Lomas de Chapultepec, north and west of Chapultepec, are the city’s most established addresses; Condesa and Roma have the Art Deco and early 20th-century apartment buildings; Juárez sits between Reforma and Roma; San Ángel and Coyoacán have houses behind walls and gardens; and Santa Fe, in the west, has towers around its business district.

How a sale works

A foreign buyer files the Article 27 waiver (convenio de renuncia) with the SRE and receives its permit before the deed. The sale is formalised by a notario público, who checks the title and registers the deed. Owners pay the city’s annual property tax, the predial.

We never publish prices; ask your notary and your own lawyer.

Our advice: choose your own notary and lawyer, and never pay a deposit before the title has been checked.

Opening hours, prices and seasonal openings change, so please check with Buying in Mexico City: Polanco, Lomas and the notary before you go.