Introduction
Mexico has become a highly attractive destination for foreign real estate investors. With a stable economy, a constantly growing real estate market, and opportunities in the industrial, tourism, and residential sectors, investing in Mexican land can be a great decision. But what are the legal requirements? How can you protect your investment? In this guide, we explain step by step everything you need to know.
- Can a Foreigner Buy Land in Mexico?
Yes, foreigners can buy real estate in Mexico, but there are certain restrictions in restricted zones, such as the 50 km strip from the coast and 100 km from the border. To purchase in these areas, a Real Estate Trust (Fideicomiso) is used, managed by a Mexican bank, which grants the investor full control over the property.
- Ideal Types of Land for Investment
- Industrial Land: Ideal for nearshoring and business expansion. Key locations include the Bajío region and northern Mexico.
- Tourism Land:Coastal areas like Riviera Maya, Los Cabos, and Puerto Vallarta offer high capital gains and strong demand for hotel and residential developments.
- Residential Land: Growing cities like Guadalajara, Monterrey, and Querétaro are attractive options for housing and rental income.
- Steps for a Successful Investment:
- Define your investment goal: Purchase for resale, development, or rental income.
- Verify legal documentation: Title deeds, land use permits, property history.
- Seek legal and financial advice: A real estate attorney will guide you through the process.
- Conduct due diligence: Check permits, infrastructure, and access to services.
- Finalize the purchase through a trust or a Mexican corporation.
- Success Story: Advance Manufacturing Hub Industrial Park in Guanajuato
The Advance Manufacturing Hub Industrial Park, located in Guanajuato, is an example of successful foreign investment in the industrial real estate sector in Mexico. Developed by the American company Vanguard Logistics Services, this park has become a nerve center for high-tech manufacturing companies, attracting global companies such as Bosch, Michelin, and Pirelli.
Success Factors:
- Strategic location: Guanajuato is located in the heart of the Bajío, a region with a growing automotive and aerospace industry.
- World-class infrastructure: The park has roads, public services, and state-of-the-art connectivity, which facilitates the operation of businesses.
- Tax incentives: The Guanajuato government offers attractive tax incentives for foreign investment, which reduces operating costs for businesses.
- Skilled workforce: The region has a skilled workforce and universities that offer technical training programs, which guarantees human talent for companies.
Results:
- The Advance Manufacturing Hub Industrial Park has generated thousands of direct and indirect jobs in the region.
- It has attracted millions of dollars in investments, driving economic growth in Guanajuato.
- It has become a model of sustainable industrial development, with a focus on energy efficiency and environmental protection.