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Buying in Mexico as a foreigner: the basics

• Foreigners can buy property directly in most of Mexico. Within 100 km of the borders and 50 km of the coasts (the "restricted zone") they hold residential property through a bank trust (fideicomiso) or a Mexican company, with a permit from the Ministry of Foreign Affairs (Constitution, article 27; Foreign Investment Law, articles 10 and 11).
• Ejido (communal) land cannot be bought until it has been converted to private ownership. Check that the lot has a private title registered in the public property registry before paying.
• Prices are usually in Mexican pesos (MXN). Land developers often sell lots directly in interest-free monthly instalments.

General information, not legal or tax advice. Check with a local lawyer before buying.