Is it a 50 year lease? Do you own the land? Can the property be taken away?
Foreigners can own real estate in Mexico. Foreigners can buy, acquire, sell real estate in Mexico. A bank trust is needed when the real estate is located in the restricted zone, near the border or beach.
Puerto Vallarta Real Estate can be acquired through the bank trust. We promote beachfront properties. This means properties are in the restricted zones.
The property or real estate is not part of the bank’s assets.
Foreigners cannot own farm land. This is the land that can be taken away. Only natural born citizens can hold farm land. Private property was farmland at one time. It is part of the process of urbanizing.
Please go to our website for more information and contact us.