Mexicans by birth or naturalization can buy property anywhere in Mexico.
Foreigners can buy property in his name in the interior of Mexico excluding the restricted area (a fraja of 50 kilometers of the ocean and a strip of 100 km of borders).
Beginning with the 1993 reform foreigners can buy property near the border and on the coast of Mexico through a trust. The area, now you can buy it termed the restricted area (a fraja of 50 kilometers of the ocean and a strip of 100 km of borders). The purchase in the so-called restricted area is done through (a "Trust"). The title of ownership can be assumed with some of the companies that have insured properties all over Mexico as First American Title (www.firstam.com). And Stewart Company (www.stewart.com.mx).
Mexican currency
The Mexican peso had never been stronger. Over the last two administrations Weight has maintained its value against other world currencies. The main influx of money from Mexican citizens living abroad and the surplus in the price of oil kept the currency fixed.
Real estate in Mexico - Prospect
Thousands of people from countries around the world possess real estate in many parts of Mexico.It has been estimated that 350,000 to 600,000 Americans and Canadians spend about six months each year in Mexico. There is a potential market in Mexico for real estate since many people who are going to withdraw want to have somewhere to do it. Many buy a house, condominium or land in one of the many sites on the beaches of Mexico.
Mexico has miles of coastline. The Mexican government wants to encourage the expansion of tourism and investment in Mexico. Anyone can buy property in Mexico if you are still a few simple rules.
Trust
The Trust is an instrument in which the property is in the name of the bank and abroad as a beneficiary is absolute. It has a duration of 50 years and is transferable It is the means by which foreigners can acquire irrevocable and absolute rights of the properties that are within the previously restricted areas (areas of border and beach.) The Trust is governed by Mexico's government and referred to within the reform to the constitution of 1993.
