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Owning Real Estate in Mexico

Can a Foreigner Legally Own Real Estate in Mexico?

Any person can buy property in Mexico.

But when it comes to property within the restricted zone (31 miles from the beach or 61 miles from the border),

it must be purchased by using a bank trust or “fideicomiso.”

The initial term of the trust is 50 years, and it can be renewed for additional periods of 50 years indefinitely."

The mechanism by which the trust is created is simple.

The Mexican Foreign Ministry issues a permit to a Mexican Bank,

allowing the bank to act as the purchaser for the property on behalf of the beneficiary.

The purchased property is placed in a trust. The bank is the “Trustee” and the actual purchaser is the “Beneficiary” of the trust.”

The Beneficiary has all of the property rights such as use and possession.

He or she can also rent the property, improve it, sell it, etc.

The bank trust or fideicomiso offers judicial security to any person who wants to buy property in Mexico within the restricted zone,

and with U.S. Financing, U.S. Title Insurance, and escrow services; you can feel safe investing in Mexico.

Learn more about purchasing Real Estate Property In Mexico.

Check out "The News" section, we have a very interesting video by CBS News, and the article below:

"Mexican housing markets boom despite US crisis"
The Associated Press.

Published on January 20, 2008

Feel free to email us with all your questions.

info@roblesrealtyservices.com

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