Non-Mexican citizens have the right to acquire real estate in Mexico, although with certain restrictions depending on the property’s location. Acquiring property involves navigating specific legal procedures and considerations unique to the Mexican real estate market. For instance, in the restricted zone, defined as land within 100 kilometers of the border or 50 kilometers of the coastline, foreign buyers must acquire property through a bank trust known as a “fideicomiso.” This trust grants the buyer usage rights while the bank holds the title. Outside the restricted zone, fee simple ownership, similar to property ownership in other countries, is permitted.
Secure property ownership in Mexico offers significant advantages, including access to a vibrant culture, favorable climates, and diverse investment opportunities. Historically, restrictions on foreign ownership stemmed from national security concerns. The implementation of the fideicomiso system addressed these concerns while opening avenues for foreign investment and bolstering the Mexican economy. Understanding the legal framework governing real estate acquisition is crucial for ensuring a smooth and legally sound transaction.
