First of all, it is important to highlight that the Mexican Constitution establishes certain restrictions for the ownership of real estate in the border strip and on the beaches of Mexico. In the border zone, which covers 100 kilometers from the border line to the interior of the country, foreigners cannot acquire property directly, but must do so through a trust.
In the coastal areas, which extend 50 kilometers inland from the high tide line, foreigners can acquire property directly, but there are certain restrictions on the area that can be acquired. In any case, it is important to keep in mind that land ownership in Mexico is subject to government regulations and restrictions, so it is advisable to obtain legal advice before making an investment.
To acquire real estate in Mexico as a foreigner, it is necessary to obtain a temporary or permanent residence visa, as the case may be. Additionally, a thorough investigation should be conducted on the property to be purchased, including its ownership history, whether there are any mortgages or liens on the property, and whether it complies with all applicable regulations and permits.
It is advisable to work with a specialized real estate attorney to ensure that all legal requirements are met and the buyer’s rights are protected.
In summary, the purchase of real estate on the border strip or on the beaches of Mexico as a foreigner is possible, but is subject to certain restrictions and regulations. It is important to obtain the proper legal advice and work with trusted professionals to ensure that you comply with all legal requirements and protect the interests of the buyer.
If you have any questions regarding this topic, you can approach Corporación Profesional, a firm of Lawyers and Accountants, we share the link to their website where you will find access to communicate with the firm via WhatsApp www.profesionalmx.com
