Are foreigners allowed to own property in Mexico?
When we asked expats in Mexico if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in Mexico. The Mexican Constitution guarantees the right of foreigners to own property in Mexico, as long as certain restrictions are followed. Foreigners are not allowed to own property within a restricted zone, which is within 100 kilometers of the border and 50 kilometers of the coastline. However, foreigners can own property in this zone through a bank trust, known as a fideicomiso. This trust is administered by a Mexican bank and allows the foreign owner to have full use and control of the property," remarked another expat in Mexico.
Other Questions:
- What do I need to know before moving to Mexico?
- How do I find a place to live in Mexico?
- What is a typical expat home or apartment like in Mexico?
- What is the average cost of housing in Mexico?
- Should I buy or rent a home in Mexico?
- What should I pack when moving to Mexico?
- What cultural faux pas should I try to avoid making in Mexico?
- Why do people move to Mexico?
- What are healthcare services like in Mexico?
- What are medical services in Mexico like?
- What are typical rents in Mexico?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in Mexico?
If you live in Mexico, newcomers to Mexico would love to hear your answer to this question:
About the Author
Joshua Wood is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
