Property Ownership by Foreigners in México? Yes, you can own.
Ownership by Non Mexican Citizens: the Baja and its shores and waters are endlessly fascinating, and it’s human nature to want to own a piece of it. But all of the Baja, and the rest of the coastlines, was off limits to foreign ownership under terms of the 1916 Constitution, until Mexico’s leadership in the 1970’s saw the need for secure foreign investment and created a way for foreigners to invest in Baja real estate.
They did so by adopting use of a trust called a “fideicomiso”, a mechanism perfected in Monaco. The model is exactly like a US living trust, with your banker hired to act as trustee. A new trust has a 50 year term, can be renewed by law, and the property can be transferred, willed, built on, mortgaged and otherwise dealt with without significant limitation. Several American title insurance companies insure these ownerships.
The problem is solved. You may have questions, so don’t hesitate to ask us. John Haggerty, our broker, has a background in US real estate law and has passed a stringent test for the equivalent of a Mexican college degree in real estate, and all of us are seasoned and experienced in the real estate business in Baja Sur.