The idea that buying property in Mexico is difficult comes from the lack of understanding of Mexican law for Americans. Once upon a time, foreign buyers were not allowed to buy land within the ' Restricted Zone '. The restricted zone is all land within 100 kilometers of Mexico's borders and 50 kilometers within all coastlines.. There exist two very distinct processes for foreigners to use to buy property in Mexico which is located in the restricted zone. The first, which we discuss above, is through the establishment of a land trust with a local bank. This is the process used by private foreign citizens that desire to purchase property within the restricted zone for.

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We've created a guide to help you avoid pitfalls, save time, and make the best long-term investment possible. Discover the complete guide to buying property in Mexico as a foreigner. Learn about the necessary paperwork, legal requirements, and other factors to consider when making the purchase. Find out how to get the best deal and make the.. Final registration in the property registry will be completed and recorded within three months. 10. Closing Costs. Closing costs should be about 5% of the purchase price. This includes a 1.5% notary fee, a 2% transfer tax, and a few other odds and ends, including the fideicomiso setup fees.