Real Estate in Manzanillo, Mexico
Last updated on Feb 12, 2023
Summary: The most desirable neighborhoods in Manzanillo, Mexico are Las Brisas, La Audiencia, and La Punta. On average, a nice 2 bedroom home in Manzanillo costs around $150,000 USD, while a nice 3 bedroom home costs around $200,000 USD. These properties typically include modern amenities such as air conditioning, swimming pools, and private gardens. Foreigners are allowed to own property in Manzanillo, however, they must obtain a permit from the Mexican government. When searching for a home to buy in Manzanillo, it is best to consult with a local real estate agent who is familiar with the area and can provide advice on the best neighborhoods and properties. Additionally, it is important to research the local market and compare prices to ensure that you are getting the best deal.
How do I find a place to live in Manzanillo?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Manzanillo offers a variety of housing options for those looking to move in. The most popular and widely available option is renting an apartment or house. Renters can look for places through online platforms such as Airbnb and Vrbo, or search for properties on Mexico-specific websites like Inmosiones that list both long-term rental and sales properties throughout the country. Additionally, visitors can also use a real estate agent or contact a local housing agency to find an up-to-date listing of available spaces. For those looking for more traditional housing options, Manzanillo offers multiple public and private condominiums, gated community developments, and beachfront villas at various price points," explained one person living in Manzanillo, Mexico.
"Neighborhood --- I had visited at a hotel at the bottom of the peninsula in front of the port so I knew that the Las Brisas area was safe, moderated by nearly daily breezes in summer. To my everlasting joy, I discovered that there are no scorpions in Las Brisas, a pest we had dealt with at Lake Chapala. As to a specific home here, all we needed was a 2B2B and there is a hotel with rentals for long term, including electricity in the rent. It has worked out very well," said one expat in Manzanillo.
What is a typical expat home or apartment like in Manzanillo?
"The rental I enjoy is not typical for most expats. Expats prefer being across the street, right on the sand where storms batter the walls and often break in. I chose across the main drag where I can cross the street any time but don't often need to since the hotel offers a swimming pool and laundry services, more of a concern for me than the splashy homes that cost a fortune to maintain if a storm breaks through," said one expat in Manzanillo.
"We live in a house on the beach. Ex-pats live in condos, houses, on the beach, in the hills, we are spread out depending on our tastes," remarked one member in Manzanillo.
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What is the average cost of housing in Manzanillo?
If you are thinking about moving to Manzanillo, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average 3 bedroom condo on the beach is under 200,000.00 USD at this time. There are houses in gated communities from 140,000.00 USD to 2.5 million, depending on your taste," explained one person living in Manzanillo, Mexico.
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Should I buy or rent a home in Manzanillo?
If you have not spent a lot of time in Manzanillo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When deciding whether to buy or rent a home in Manzanillo, it is important to think about your current lifestyle and future plans. Buying a home can provide stability and potential appreciation over time, while renting can provide more flexibility and freedom. Considering factors such as cost, quality of property and access to amenities is also important. If you are looking for more of an investment and are willing to stay in Manzanillo, Mexico for a while, then buying a home may be a better option. However, if you prefer more flexibility and want to move more often or stay for shorter periods of time, then renting a home would be more suitable. Ultimately, the decision depends on your lifestyle and needs," said one expat in Manzanillo.
"We bought a condo that we lived in for 9 years, then sold it and built our house. I is a very easy process, as long as you have a good realtor," remarked one member in Manzanillo.
What do I need to know when buying property in Manzanillo?
When we asked expats what advice they would give a foreigner before buying a property in Manzanillo, they said:
"When buying property in Manzanillo, it is important to understand the local and national laws governing the sale and purchase of real estate, as well as any applicable restrictions and obligations. It is also wise to have any documents related to the property checked by an expert, to ensure the accuracy of the information provided in them. As a foreign buyer, you will need to obtain the required permits from the Mexican government, and take note of any taxes and fees associated with the purchase. Furthermore, you should evaluate the local infrastructure and amenities when weighing up where to purchase property and research the local market to ensure that you are making a sound long-term investment," explained one person living in Manzanillo, Mexico.
Are foreigners allowed to own property in Manzanillo?
When we asked expats what advice they would give a foreigner before buying a property in Manzanillo, they said...
"Yes, foreigners are allowed to own property in Manzanillo. The foreign ownership of real estate in Mexico is known as a "fideicomiso," or trust. It allows foreign buyers to buy and own property without actually owning it in their name. The trust is managed by a Mexican bank and is held in a fiduciary account specifically for the purchaser. It is a simple process that foreign buyers are able to use to purchase property in Manzanillo," said one in Manzanillo.
What appliances are typically included in a rental?
We asked foreigners in Manzanillo what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Manzanillo typically include a stove, refrigerator, washer, and dryer. Depending on the property, additional appliances such as a microwave, dishwasher, and air conditioning may also be available," explained one person living in Manzanillo, Mexico.
Additional Information about Searching for a Home in Manzanillo:
We asked foreigners in Manzanillo what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats who are looking for homes in Manzanillo can search online, use real estate agents, or look in local newspapers. Another way to find out about available homes is to network with other expats or members of their local communities in the area. Checking with expat groups and websites also may yield results. Additionally, talking to expats who already live in Manzanillo would be a helpful source of information on house and apartment rentals," explained one person living in Manzanillo, Mexico.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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