Can Foreigners Really Own Property in Mexico?
Yes, Americans and other non-residents of Mexico may buy and obtain direct ownership of property in Mexico without any more restrictions imposed on them than those imposed on Mexicans.
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Mexico is a world class destination and the new Mecca for real estate investors or those looking for a second home to buy. Due to the legal changes that have been made in 1989 and 1993 as well as the NAFTA treaty of 1994, purchasing Mexico homes for sale has never been easier. However, the laws and procedures involved are still quite specific and to be able to buy with confidence, it is important to understand what is needed to go through the buying process.
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If you are buying within 50km of the Mexican coast and 100km of the country’s borders, there are some additional rules to be followed. Any land within these measures is part of the so-called “restricted zone” and can only be purchased by way of a Fideicomiso, which is a special bank trust used to help foreigners to buy land. Below, you find all the information that is important to be familiar with beforehand. The experienced, competent, and professional staff at RE/MAX Resort Properties will easily guide you through every step to be taken. Worry-Free, Hassle-Free.
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