Can I own property in Mexico? Foreigners can buy Real Estate in Mexico, and the process is generally straightforward. People are always asking “When I buy property in Mexico, am I buying a 99 year lease?” or “Do I have to have Mexican residency to buy real estate?” The short answer is no. However, there are some restrictions on owning land within a certain distance of Mexico’s borders and coastlines.
In these restricted zones, which include areas within 50 kilometers (about 31 miles) of the coast and 100 kilometers (about 62 miles) of the border, foreigners are required to use a bank trust, known as a “fideicomiso,” to purchase real estate.
This is widely used and Fideicomisos are a normal part of our everyday Real Estate buying process in Mexico.
The bank trust involves a Mexican bank holding the title to the property on behalf of the foreign buyer. The buyer has all the rights of ownership, including the ability to sell, rent, and pass the property on to heirs.
The fideicomiso is a legal and secure way for foreigners to invest in Mexican real estate in restricted zones. In areas outside the restricted zones, foreigners can hold direct title to the property without the need for a bank trust.
It’s important to work with a reputable real estate agent and legal professionals who are knowledgeable about Mexican real estate laws to ensure a smooth and secure property transaction.
Additionally, keep in mind that laws and regulations can change, so it’s advisable to seek up-to-date information and advice when considering a property purchase in Mexico.
See our Buyer’s Guide below and download it for yourself!
