Buying a property in Mexcio as a foreigner

First of all, if you are looking to purchase property in Mexico, you are going to need to know this word —fideicomiso—and what it means. As a foreigner wanting to buy in Mexico, you are able to obtain direct ownership of property (hold title) in the interior of the country, but under Mexican law, foreigners cannot acquire direct ownership of residential property within 100 kilometers (62 miles) from the border and 50 kilometers (31 miles) from the coastline. This area is known as a restricted zone. It is possible, however, to acquire beneficial rights to use, improve, and enjoy the property in these restricted zones through a bank trust or fideicomiso authorized by the Mexican government under the Ministry of Foreign Affairs.