Buying Real Estate in Mexico

Dated: 03/18/2019

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Buying Real Estate in Mexico

AN FOREIGNERS REALLY OWN PROPERTY IN MEXICO?

Yes, Americans and other foreigners may obtain direct ownership of property in the interior of Mexico. However, under Mexican law, foreigners cannot own property outright within the restricted zone. Instead, a real estate trust must be set up to hold title for the foreigner. Since foreigners are not able to enter into contracts in buy real estate, they must have a bank act on their behalf, much as a trust is use to hold property for minors because they also can not contract. The following is a brief outline of the law regarding such trust, known as "fideicomisos", but potential buyers should always get advice and have all real estate transactions overview by a licensed Mexican attorney.

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Jose Roel Lopez

Jose is a real estate associate and provides commercial real estate and business advisory services with extensive interaction with the Hispanic/Latin Population in North Texas and Mexico. Services pro....

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