Real Estate

Can Foreigners Legally Own Land and Real Estate in Mexico?

Netzvid

Can Foreigners Legally Own Land and Real Estate in Mexico?

If you are ever mesmerised with those sparkling white beaches of the Mexican shore, you might have thought if you could be the owner of a piece of land in Mexico. Yes! In fact it is very simple to invest in real estate and also it could be a great deal that one can ever make in terms of putting money into land. Unlike other counties in the world, Mexico has comparatively facile processes of legally owning a property in the country. The real estate of Mexico has several wonderful things to offer to new owners, and upon that, the legal preceding is also free from any complexities that make it ice on the cake.

Right from the early nineties, it was always very easy to have land legally in Mexico as the Constitution of Mexican is very favourable for expats to invest in real estate. With the rolling out of the Foreign Investment Law in 1973, it became possible for foreigners to buy land in Mexico. However, the law protects the national borders and of land and sea and excludes the area of 100 km for the dry land and 50 km for the sea to prevent foreign interference in tactical affairs. The government has restricted these areas to control the construction and keep the sensitive regions unoccupied. Unless you go through the agreements with Fideicomiso and make a deal with Mexican Trust Bank, as foreigners, you can't own properties in such sensitive areas.

This agreement remains functional for 50 years, and it can be renewed after that. On the other hand, the corporations that are totally owned by foreign owners can also have the property in a restricted area, but they are allowed to use it only for commercial activities. Despite the easiness of owning land in Mexico, if you see the process as a hassle, then you can take the services of local lowers who will help in the matter, and you will get it done peacefully without being baffled by different formalities.

The rapid growth of the country and limitless possibilities for business ventures attract foreign investors to purchase land in Mexico. But often, many people are sceptical about it thinking even if it is allowed to them as a foreigner to acquire the land in Mexico. If you are also one of them, then you are just a few steps away to identify yourself with your own land in the terrific ambience of Mexico. You can either research or make a direct offer to look for a non coastal area other than the boarders, or you have to be in agreement of Fideicomiso with the respective bank if you really want it at those restricted zones. The summary finally says yes! Foreigners of any country can easily buy land legally, make an investment in real estate of Mexico and claim their ownership on it; However, the prohibited areas need specific agreements as they are governed by the banks and trusts to ensure the eligibility of your business and its intentions.

To know more about Real Estate in Mexico please visit Beachside Real Estate

Netzvid

Real Estate in Mexico | Beachside Real Estate

Netzvid 2022-01-17

If you’ve been considering real estate for sale in Mexico then look no further! Beachside real estate is a locally owned and operated real estate brokerage. It’s where people come to get advice on building the life of their dreams. What sets us apart is our local market knowledge, our ability to communicate clearly and our extensive use of technology to help our buyers and sellers. Beachside Real Estate in Mexico is a locally owned and operated real estate brokerage. It’s where people come to get advice on building the life of their dreams.

Buy, Sell & Rent Properties, Condos, Homes in Mexico | PVR Real-Estate

PVR Realestate 2019-05-16

Buy, Sell & Rent Properties, Condos, Homes, land & commercial in Mexico.