Buying in Mexico
Where & How can you buy
Mexicans, by birth or naturalization, can buy real estate anywhere in Mexico.
Foreigners may purchase real estate directly in their own names throughout the interior of Mexico.
Foreigners can buy property near the border and the coastline in the area referred to as the restricted zone (about 30 miles inland from the ocean and about 60 miles from the borders) as the beneficiary of a bank trust (a “Fideicomiso”). This ownership of Mexican property can be insured with US title insurance. Some of the companies that have insured property all over mexico are First American Title Corporation (www.firstam.com) And Stewart Title Guaranty Company (www.stewart.com.mx).
The Mexican Peso has never been stronger. In the past six years the Peso is slightly overvalued against many other world currencies. Still capital inflow from north of the border by Mexican Citizens living abroad and oil export revenues should keep the currency very stable.
Mexico Real Estate – Prospects
Thousands of people from countries around the world own real estate in many parts of Mexico. It has been estimated that 350,000 to 600,000 Americans and Canadians spend over six months each year in Mexico. Many own Mexican property. As U.S. baby boomers grow older, more and more will be setting their sights on a secure retirement which includes spending part of the year in Mexico. Many will buy a house, condo or lot in one of the many choice beachfront or other interesting locations around the country.
Mexico has thousands of miles of pristine coastline and wonderful colonial cities which boast architectural wonders stretching back many hundreds of years. There are diverse expatriate communities of Americans and Canadians scattered throughout the country. The Mexican government is encouraging the expansion of tourism and investment in Mexico. Anyone can acquire property in Mexico if some simple rules are understood.
is a 50-year perpetually renewable and transferable Bank Trust through which
Foreigners may acquire irrevocable and absolute ownership rights to property
in Mexico. This Trust is a legal substitute for deeded (fee simple) ownership
and is provided specifically for non-nationals to own property in the formerly
restricted zones (border and beach areas.) The Trust system of ownership is
sanctioned by the Mexican government, provided for under the Mexican Constitution,
and secured by the Central Bank of Mexico.