One of the questions that I am asked most often is "Can I buy property in Mexico as a foreigner?". Due to misinformation, there is a lot of confusion about this issue.
The simple answer: Foreigners can own property in Mexico.
In order to better understand how you can own property in Mexico, we will divide it up into two different categories:
1. Restricted border/coastal zones
2. Interior (everything outside of the border/coastal zones)
RESTRICTED ZONES
The restricted zones in Mexico consist of all land that falls within 50km of the coast, 100km of the U.S.-Mexico border, and all of Baja California. Foreigners can own property in the restricted zones through a fidecomiso (Bank Trust). Through the trust, you own the property in all but name. This means that you have full rights to do whatever you want with your property--you can develop it, sell it, rent it, lease it, give it away and will it.
INTERIOR
In the interior of Mexico, foreigners may own land outright. As with property inside the restricted zones, you have full rights to use your property as you wish.
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2 comments:
That's a very wise move. It will help you get through the process a lot easier and faster. This will help acquire a home you have always dream of.
This is an interesting article. Im not sure how I came across a real estate article, but interesting read.
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