Category: Real Estate

[ Page 1 of 1 ]

Mexico Loosens Restrictions on Foreign Land Buyers

May 20, 2013 by

Article 27 of Mexico’s constitution states that non-Mexicans cannot own land within 50 kilometers (31 miles) of the coast and 100 kilometers (62 miles) of the country’s borders. But in a 356-for to 199-against vote, Mexico’s Chamber of Deputies approved loosening these restrictions. Though it still needs approval from the Mexican Senate and a majority... Read More »