Mexico has a lot to offer in terms of great weather, beautiful scenery, and authentic Latin American culture; plus, you will find lots of affordable real estate in Mexico. It is perfectly legal for foreigners to own Mexican real estate, including land and properties located in the restricted zones: within 50 kilometers of the coast, and within 100 kilometers of international borders. In fact, the Mexican government is promoting and encouraging foreign investment in those areas, and many Spanish and U.S. companies are taking advantage of the law, constructing new residential developments and tourist resorts along the entire Mexican coastline.
How to Own and Purchase Real Estate in Mexico
There are three ways of owning Mexican property: via direct deed (all interior property), through a Mexican corporation (commercial property), or through a bank trust called a fideicomiso, in the restricted zones. All three ways of property ownership are safe. In fact, it is even possible to obtain title insurance to further protect the investment.
We do not recommend getting involved in real estate transactions concerning ejido land, which is communal property. Unless it has been properly privatized, as the ejido land belongs equally to all the community members, and privatization includes collecting all their signatures, it can be a long and a complicated process.
Choose From the Wide Variety of Mexican Real Estate for Sale
Mexican real estate comes in many varieties: from lavishly restored colonial mansions to ultra-modern architecture employing the principles of minimalist design; from resale homes in historical residential areas to gated communities; from villas boasting elaborate exotic landscaping to care-free condos. The price range is also very broad, depending on location, age, size, condition, and other variables.
From an investor's perspective, because of the high demand in selected areas, especially on the coasts and in colonial towns such as San Miguel de Allende, Mexican real estate can be very attractive to hold as an appreciating asset, to generate rental income, or both.
Financing for residential property is available through several U.S. financial institutions, and recently from Bancomer. The requirements are a little steeper than in the U.S., including a larger down payment and higher rates, but as more and more players enter the mortgage market, the resulting competition is expected to make financing easier and less costly, and buying real estate in Mexico easier than ever before.
Mexico Real Estate
Beautiful Mexico Real Estate
Read more about real estate in Mexico in International Living Postcards—your daily escape
Mexico has a lot to offer in terms of great weather, beautiful scenery, and authentic Latin American culture; plus, you will find lots of affordable real estate in Mexico. It is perfectly legal for foreigners to own Mexican real estate, including land and properties located in the restricted zones: within 50 kilometers of the coast, and within 100 kilometers of international borders. In fact, the Mexican government is promoting and encouraging foreign investment in those areas, and many Spanish and U.S. companies are taking advantage of the law, constructing new residential developments and tourist resorts along the entire Mexican coastline.
How to Own and Purchase Real Estate in Mexico
There are three ways of owning Mexican property: via direct deed (all interior property), through a Mexican corporation (commercial property), or through a bank trust called a fideicomiso, in the restricted zones. All three ways of property ownership are safe. In fact, it is even possible to obtain title insurance to further protect the investment.
We do not recommend getting involved in real estate transactions concerning ejido land, which is communal property. Unless it has been properly privatized, as the ejido land belongs equally to all the community members, and privatization includes collecting all their signatures, it can be a long and a complicated process.
Read more about how to buy real estate in Mexico here.
Choose From the Wide Variety of Mexican Real Estate for Sale
Mexican real estate comes in many varieties: from lavishly restored colonial mansions to ultra-modern architecture employing the principles of minimalist design; from resale homes in historical residential areas to gated communities; from villas boasting elaborate exotic landscaping to care-free condos. The price range is also very broad, depending on location, age, size, condition, and other variables.
From an investor's perspective, because of the high demand in selected areas, especially on the coasts and in colonial towns such as San Miguel de Allende, Mexican real estate can be very attractive to hold as an appreciating asset, to generate rental income, or both.
Financing for residential property is available through several U.S. financial institutions, and recently from Bancomer. The requirements are a little steeper than in the U.S., including a larger down payment and higher rates, but as more and more players enter the mortgage market, the resulting competition is expected to make financing easier and less costly, and buying real estate in Mexico easier than ever before.
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