It is a common misconception that a foreign person or company
cannot own real estate in Mexico, but the reality is that they can, unless the property is located in the Restricted Zone. For more information on Mexican real estate law, click here or contact the staff at govacationmaya.com. We will be pleased to provide you with all the information you need about the legal aspects of owning real estate in Mexico, and we can take you through the process of buying a condo in Mexico.

Law governing the purchase of property in Mexico


• Under Mexican law, a foreign person or company is allowed to own real estate in Mexico, unless it is located within the Restricted Zone.

• Within the Restricted Zone, a foreign person or company may obtain all the rights of ownership to a property, but it must be set up as a real estate bank trust called a Fideicomiso.

• Another option is to acquire non-residential property through a Mexican corporation. This corporation may, under certain conditions, be 100% foreign owned, but it must have a provision in its by-laws stating that the corporation and its foreign owners accept to be subject to Mexican laws and agree not invoke the laws of their country.

• As well, the real estate acquired must be registered with the Foreign Affairs Ministry and used for non-residential activities. In other words, under these conditions, foreigners can acquire directly properties designated for tourist, commercial, or industrial activities.

The restricted zone


• The Mexican Constitution regulates the ownership of land and establishes that foreigner cannot acquire direct ownership of any land within 100 kilometers of either border or within 50 kilometers of any coastline. These areas are known as “Restricted or Prohibited Zones.” Nevertheless, the latest Mexican Foreign Investment Law, which came into force on December 28, 1993, makes the allowances cited below.• Fideicomiso or Bank Trust: Any foreigner or Mexican National can establish a Fideicomiso (the equivalent of an American beneficial trust) through a Mexican bank to purchase real estate anywhere in Mexico, including the Restricted Zone. To do so, the buyer requests a Mexican bank of his/her choice to act as a trustee on his/her behalf. The bank obtains the permit from the Ministry of Foreign Affairs to acquire the chosen property in trust. The Fideicomiso can be established for a maximum term of 50 years and can be automatically renewed for another 50-year period and for subsequent 50-year periods thereafter. During these periods, foreigners have the right to transfer the title to any other party, including a member of their family.• The bank becomes the legal owner of the property for the exclusive use of the beneficiary, who has all the benefits of a direct owner, including the possibility of leasing or transferring their rights to the property to a third party or pre-appointed heir. During this term, the foreigner is considered as a Mexican National. The trustee is responsible to the buyer/beneficiary to ensure precise fulfillment of the trust to protect the interests of the buyer/beneficiary.• For practical reasons, even in unrestricted zones, many foreigners, and Mexican Nationals for that matter, prefer to hold their property under a Fideicomiso.



Playa del Carmen - Coco Beach

Condo / 3 Bedrooms

790,000.00 $ US
AMAZING PENTHOUSE FOR SALE OCEAN VIEW! The Elements Penthouse condo is located in the cocobeach area, one of the newest in playa. The condo has a fully equipped...

Playa del Carmen - Coco Beach

Condo / 2 Bedrooms

395,000.00 $ US
This is a condo for sale not to less pass. Location? On of the best: Coco Beach. Front beach building. View of the ocean and the beach from the terrace. Bright condo. What's nearby?: A...

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Villa / 4 Bedrooms

750,000.00 $ US
The best of Riviera Maya: Beaches of soft breezes, palm trees and white sand, warm weather all year round, protected by the second largest coral reef in the world! Playa del Carmen is the...

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Condo / 2 Bedrooms

88,000.00 $ US
Project for investment of 6 units, each of 2 bedrooms and 2 bathrooms. Available furnished or unfurnished, excellent location on Avenida Colosio and Avenida 40. Two different models, 3 units of 76...

Playa del Carmen - Playacar phase II

Villa / 5 Bedrooms

1,600,000.00 $ US
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Playa del Carmen - Coco Beach

Condo / 2 Bedrooms

369,000.00 $ US
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Condo / 2 Bedrooms

475,000.00 $ US
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Condo / 2 Bedrooms

235,000.00 $ US
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Puerto Aventuras

Condo / 2 Bedrooms

340,000.00 $ US
The most amazing view, feel the breeze of the sea all the time going through the condo. Perfect just to sit down in the balcony, relax and rest, you'll hear only the sound of the ocean, and...

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Condo / 2 Bedrooms

450,000.00 $ US
Luxury condominio in Playa del Carmen,  few of the condos with private beach club at Playa del Carmen, Do not miss this oportunity,   owners wants to sell.  Amazing 2 bedrooms and 2...

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Condo / 2 Bedrooms

180,000.00 $ US
Spacious Condo for sale in Playa del Carmen Allgro Complex . Luxury resort property with only 15 condominiums , 5 blocks from the beach and 4 blocks from the famous Fifth Avenue. Close to all...

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Condo / 1 Bedrooms

200,000.00 $ US
The privacy of your condo whit private Jacuzzi and common pool exclusively for Quetzal Residents, access to amenities of Bahia Principe 5 Stars Resorts.    The Quetzal Condominium is...

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113,000.00 $ US
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