Purchase Real Estate in Mexico

How Can Foreigners Purchase Real Estate in Mexico?

It is very possible for foreigners to purchase real estate in Mexico. Foreigners can purchase real estate that is located near the popular beaches despite the fact that these areas are Federal Zones and are limited to certain restrictions. It is not uncommon for individuals to hold on to the misconception that foreigners are unable to own or purchase real estate in Mexico, but thankfully, the opposite is true.

Mexico’s laws for foreigners wishing to purchase real estate in Mexico’s federal zones

Mexico’s laws and constitutional limitations have set forth special laws for foreigners who may wish to purchase property that is within 50 km (31 miles) near the coast or 100 km (62 miles) near any international borders. These areas are considered Federal Zone areas and to purchase real estate in these parts foreigners must get a land trust. The official name of a land trust is in Mexico is a fideicomiso in Mexico. A fideicomiso is necessary when purchasing real estate in Mexico in the federal areas, making the purchase totally legal. This process is a common procedure in Mexico and there are numerous banks in Mexico that provides this service. On another note, there are moves to remove the need for fideicomiso, although this could take some time to become a legal reality.

Bank Trust Fideicomisos

All non-citizens to Mexico have to go apply for trust deed when buying real estate in Mexico’s federal zones. This is easy to do through Mexican banks. The Mexican bank will then represent the foreigner and will become the trustee on the foreigner’s behalf. The bank will act as the intermediary only. Ownership and all rights will belong to the foreign buyer. In easier terms, the foreign investor is the beneficiary and they control all rights to the trust and the Mexican bank is the trustee and will essentially manage the trust and oversee anything that involves the trust. As the foreign buyer you have the right to rent, transfer, sell, or occupy the property fully. You can also leave the property to someone in a will in case of your death.

Bank Trusts are Renewable

The Fideicomiso bank trust provides foreign buyers purchasing real estate in Mexico with a term that is 50 years and at the end of the 50 year term the foreign buyer has the right to renew the bank trust for another 50 year term. If you have selected to sell the property later on to a national resident of Mexico, then the bank trust and term can be terminated, but if you select to sell the property to another foreigner, the bank trust and terms can be transferred over or they can decide to start their own fideicomiso.

Foreign Beneficiaries for real estate in Mexico

You can choose to appoint a beneficiary once the trust has been completed, and this means that the substitute beneficiary will claim all the trust rights, and the beneficiary that you have appointed for the property will claim the property if you pass away before the end of the 50 year trust. This benefits you. Your beneficiary will not have to go by any probate hearings with the courts in Mexico and this will also save you time and money too.

Punta Mita Mexico - Real Estate Opportunities

Punta Mita Mexico – Real Estate Opportunities

The northern end of the fabulous Bay of Banderas is a favorite getaway spot for celebrities and for those wanting to have an escape from everyday lives. Punta Mita is one of the most gorgeous settings in the world making it an ideal choice for your next travel itinerary or indeed real estate purchase.

Real Estate Opportunities in Punta Mita

Considered to be a sacred place to reconnect with nature by the native peoples who have populated the area for millennia, Punta Mita is one of the most beautiful places on Banderas Bay. The region is also known for its amazing amenities and activities like a world-class golf course, high-end resorts with fine-dining areas with the peaceful, transparent waters around. A vibrant art scene, outdoor tours, and sports activities will keep your days full.

Why choose Punta Mita for real estate

Here are some reasons why Punta Mita is a great choice when thinking about purchasing real estate in Mexico.

World-Class Golf Course

Golf enthusiasts, professional golfers, and even golf magazines flock on Punta Mita’s turf being awarded with two Jack Nicklaus design grants. The Pacifico is the very first golf course in Punta Mita which opened in 1999 and ever since is the most famous and most popular in the region. The surrounding views and its unique design will leave you breathless. No wonder it has won numerous awards and innumerable praises in the world of golf.

Calm Beaches

An incredible setting for the perfect beach day is what the sandy beaches embraced by calm and inviting waters offer. Even with that, exciting water activities are waiting for the extreme adventure lovers. You can enjoy stand up paddle-boarding or surfing among the gentle waves. If you prefer a more laid back vacation, the place is perfect for a beach lounge and enjoyable sights and sounds will surround you. Whatever preference you have, there is always an amazing thing for you to do.

Fine Dining

The culinary scene of neighboring Puerto Vallarta may seem more attractive due to its size, but Punta Mita’s ever-increasing pro-foodie environment offers everything from local favorites like street tacos to high-end gourmet meals. Don’t miss out on the wide array of fresh local seafoods! The dining options make real estate in Punta Mita a great choice.

Varied Adventures

Punta Mita’s natural wonder is the result of the magnificent meeting of the Bay of Banderas waters and the Pacific Ocean. The place becomes a natural aquatic retreat home for water sports and other water adventures. Aside from whale watching, sailing, swimming, and other activities, the best things to do are scuba diving and snorkeling where you can have breath-taking views of the coral reefs, have a chance at a trophy fish through sport fishing and even learn how to surf, among many others!