Tag Archives: Mexico May Become More Open to Foreign Buyers

Mexican lawmakers are considering lifting restrictions on foreign ownership of property along the country’s coasts and borders, The Wall Street Journal reports. The move could boost residential real estate development in Mexico’s vacation-home market, housing experts note. Currently, Mexico prohibits ownership of land within 31 miles of its coast or international borders. The century-old restrictions were put in place in 1917 out of fears of U.S. expansion. In order to buy currently in restricted zones — which include many popular beach resorts — foreigners must undergo what’s often considered a […]