A foreign citizen can purchase real estate in Mexico. Mexican authorities have established purchase mechanisms depending on where you buy.
Since 1917, Mexican Constitution designated the area within 100 kilometers (62 miles) of Mexico´s borders and within 50 kilometers (31 miles) of the coastlines as off-limits to direct real estate ownership by foreigners. Thus, this area was known as Prohibited Zone.
In 1993, due to globalization and the formal process of Mexico, accession to the World Trade Organization (WTO), Mexico issued the Foreign Investment Law, that allows foreign citizens to purchase . . .