| Private Residences |
 Privately Owned property is one that you own outright. You as an owner are responsible for all maintenance and upkeep of the property. On the other hand, because you own title to the property you benefit directly by any appreciation of the property and of course the property can be easily transferred to your heirs.
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Beginning in 1994, the federal government of Mexico liberalized ownership provisions of all property within the constitutionally protected area known as the "Restricted Zone." The properties that are considered to be in this zone are any real estate properties that are located within 62 miles of an international border or within 31 miles of the Mexican Coast Line and all of Baja California Sur, Mexico.
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Prospective buyers outside of Mexico's borders seeking to buy property can now enjoy greater legal freedom and ownership rights as mandated and protected under Mexico's new foreign investment law. In Mexico, as in the U.S., federal, state, and local laws administer the transfer of real estate property rights. |
Foreign nationals wishing to acquire property are subject to permission and registration with Mexico's Department of Foreign Affairs. This federal level agency is responsible for awarding the lawfully required permits and authorizations to purchase land in the Mexican Republic, as well as to acquire real estate properties or rights thereto. For detail information on how you can safely protect your investment, please view "Investing in Mexico" or we welcome you to contact us for assistance.
Examples of Private Residences: Puerto Los Cabos Lighthouse Point Estates Villa La Estancia
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