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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.

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Two years ago, I bought a house managed by Pierre, and I must admit that, at first, I was skeptical. But after having sent many of my friends to this paradise that is Playa del Carmen, I realized that everything had been extremely well taken care of. You can get anything you want! All you have to do is ask. Pierre and his staff are always happy to find you whatever you’re looking for.

Tom & Sherry
“Casa Azul” condo owners

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.
Heliko Condos for sale 402 type A Coco Beach, Playa del Carmen, Mexico
Heliko Condos for sale 402 type A Coco Beach, Playa del Carmen, Mexico
Playa del Carmen - Coco Beach

Condo / 2 Bedrooms
Best investment in Playa del Carmen Condo Heliko , designed with a fusion of modern mexican style and mediterranean details, everything you need for a first class lifestyle. The Condos for sale include ocean view pool with...
479,192.00$ US

DEVA
DEVA
Playa del Carmen - Coco Beach

Condo / 2 Bedrooms
Opportunity of a beautiful property a few stps from the prettiest beaches of the Caribbean.  Do not let it go!
279,000.00$ US

Condo Casa del Mar
Condo Casa del Mar
Playa del Carmen - Coco Beach

Condo / 2 Bedrooms
...    
550,000.00$ US

Nolita
Nolita
Playa del Carmen - Downtown

Condo / 1 Bedrooms
  Exclusives apartments at the heart of Playa del Carmen. Prices are competitive considering the Italian area.   * Partially furnished package includes: kitchen with stove (without refrigerator), full bathrooms, wall closets, air conditioning,...
199,000.00$ US

MAR
MAR
Playa del Carmen - Playacar II Golf

Condo / 3 Bedrooms
  Excellent and nice Opportunity at Playa del Carmen Its location is perfect, is at 1 min. walking from the beach and 5 min. from the 5tn Avenue. This apartment is surrounded by abundant vegetation and archaeological ruins. The condominium has...
450,000.00$ US

PAPAYA PLUS
PAPAYA PLUS
Playa del Carmen - Downtown

Condo / 2 Bedrooms
 Preconstruction at Playa del Carmen, delivery December 2011.
229,000.00$ US

CLUB REAL
CLUB REAL
Playa del Carmen - Playacar II Golf

Other / 1 Bedrooms
For the lovers of the sport in an exclusive place surrounded by an ebullient forest in heart of Playa del Carmen. 
169,000.00$ US

ANEMONA
ANEMONA
Playa del Carmen - Playacar II Golf

Condo / 1 Bedrooms
Excellent price inside Playacar fase II. Limited time, buy now and have your property in Playa del Carmen.  Pre sale price only for this week!
70,000.00$ US

SELVAMAR Community
SELVAMAR Community
Playa del Carmen - Downtown

Other / 1 Bedrooms
  Check this option developer.  L 3+ L 4 + L5 Suggested dwelling 18. Great ROI. 
1,146,247.00$ US


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