Can foreigners buy Real Estate in Mexico? Legal process explained!

[Pamela Rivas]

As a Mexican real estate agent living in Canada and with a presence in the United States, one of the most common questions I hear in the investor community is: "Can foreigners buy real estate in Mexico?"

The answer is a resounding YES! Here the explanation and benefits:

A Bank Trust or Fideicomiso allows foreigners to acquire property within the restricted zone, which includes areas within 50 kilometers of the coastline or 100 kilometers of the borders. Through this trust, a Mexican bank holds the title to the property on your behalf, while you retain all ownership rights. This means you can sell, lease, or pass on the property as you see fit, just like any other property owner.

Full Ownership Rights

You have the same rights as a Mexican property owner, including the ability to sell, lease, transfer, or mortgage the property

Legal Security

The Bank Trust is a well-established legal mechanism in Mexico, ensuring your investment is secure and protected under Mexican law.

Renewable Terms

The trust is set up for 50 years and can be renewed indefinitely, allowing you and future generations to maintain control over the property.

Estate Planning

The trust makes it easier to pass the property on to heirs, simplifying the inheritance process and reducing potential legal complications.

Although the process might initially seem complex, it is entirely managed and supervised by a reputable banking entity. Only a few simple documents are required, including a valid passport, birth certificate, and proof of address. These straightforward requirements make the process accessible and convenient for buyers.

The initial setup costs typically range between $500 and $1,200 USD, while annual maintenance fees are generally between $500 and $700 USD. However, these fees are subject to variation as they are determined by the banking entity providing the service.

A Bank Trust not only transforms your dream of owning property in Mexico into reality but also offers unparalleled flexibility. It allows you to rent out your property for additional income or use it as a seasonal getaway to enjoy the vibrant beauty of Mexico. Whether your plan is to generate rental income for part of the year or to create unforgettable memories during your personal stays, Mexico provides an attractive combination of high returns and diverse options to perfectly match your lifestyle and investment goals.

Hope this information helps anyone in this group who is considering expanding their investment portfolio into international markets.

To our success!