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3 answers

It does depend on where the land is – location location, location. There are lots of swamps where you can buy lots of very cheap land in Mexico.

What the others are referring to is that the Mexican government does have some restrictions on land ownership within a certain distance of the ocean (I don’t remember exactly what it is but something like 25 – 50 kilometers). This doesn’t mean that you can’t buy land on the beach or a bay, but that a bank will hold it in trust for you FOR A SMALL FEE for 5 years at which time it will vest to you.

That said, keep in mind that the property records aren’t like ours. There is an old joke about buying a new house in Mexico. When the American buyer asked the builder how everyone would know how he owned the house the builder answered, “why I’ll give you the key of course.”

That’s kind of how it is.

2007-07-27 21:00:04 · answer #1 · answered by GaryODS 3 · 0 0

And just where do you want to buy it--the center of Mexico City or some remote hill top--it will probably make a difference. Just know that if you are not a citizen and probably even if you are, the government can take your land any time they please. . .

2007-07-28 01:43:32 · answer #2 · answered by towanda 7 · 0 0

Depends on where you are looking - however - I don't think the mexican government allows foreign ownership of land.

2007-07-28 01:28:23 · answer #3 · answered by Mike Frisbee 6 · 0 0

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