Can you own property in Baja California?
Foreigners can own property anywhere in Mexico. Recent changes to Mexican laws now permit foreign ownership of Mexican Real Estate. The way the title of the property will be held will depend on its location. If the property is in the “Restricted Zone” it will have to be held with a Fideicomiso (Bank Trust).
Can a dual citizen buy property in Mexico?
Yes, a person of any nationality can legally buy real estate in Mexico. However, to purchase property within the restricted zone, (50 kilometers or 31 miles from the shoreline) foreigners are required to purchase property through a bank trust (fideicomiso) or by establishing a Mexican corporation.
Can US citizens own land in Mexico?
Foreigners can own property in Mexico. It’s perfectly legal. Outside the restricted zones—50 kilometers (about 31 miles) from shorelines and 100 kilometers (about 62 miles) from international borders—foreigners can hold direct deed to property with the same rights and responsibilities as Mexican nationals.
How many Americans live in the Baja?
It’s estimated that 1.5 million Americans now live in Mexico, with tens of thousands residing in Baja California, where they can keep one foot in familiar terrain by hopping across the border into San Diego. In Cantamar, some properties are just steps from the sand.
Why is Baja called Baja?
Catholic missionaries who arrived in the 1700s to convert the native population eventually divided the territory in two, calling the northern part Alta California, and the southern peninsula Baja California. The northern part kept the name Baja California, while the southern part eventually became Baja California Sur.
Can an American own beachfront property in Mexico?
According to Mexican law, foreigners are prohibited from owning land within 31 miles of the coastline or 62 miles from an international border. Hess, like all foreigners, had to enter into a special partnership with a Mexican bank, which gets to hold the title to his property in renewable 50-year trusts.
