Buying in Mexico

Buying Real Estate in Mexico

Are you looking for Mexico real estate buying information? Can foreigners purchase real estate? Mexican real estate law states that Americans and Canadians or any other non-Mexicans are able to legally purchase coastal and border properties owned through a trust deed established with a Mexican bank. The owner has full control of the trust in that they can move the trust from one bank to another and are therefore not at the whim of any banks directives. Foreigners may directly own rural or urban land in the interior of Mexico with certain limitations on specific agricultural tracts.

The Trust Deed is established through a Mexican bank assuring foreign buyers of all rights and privileges of ownership and marketable title. Title insurance is also available through Stewart Title and First American Title Insurance. Foreign Investment Law allows these deeds to be established for a term of 50 years and can effectively be renewed ad-infinitum for a nominal processing fee. This process protects the rights of foreigners and ensures that the transaction is legal and unencumbered. The trust deed is not to be confused with a lease, which has diminishing value. Property held by way of trust deed are valued no differently than similar property held by way of deed. The rights of property ownership in Mexico are, in fact, more secure for the owner as compared to owning property in Canada or the United States.