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Promoted item:Mexico P-65b Banco de Mexico 50 Pesos EP-V,8.7.1976 UNC

Mexico P-65b Banco de Mexico 50 Pesos EP-V,8.7.1976 UNC

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About Mexico

Mexico is becoming a popular place for foreigners and especially United States citizens to invest in real estate. Although foreigners are allowed to purchase real estate in Mexico, there are some restrictions. The main restriction is the so called 'Restricted Zone.' In Mexico, a restricted zone is all the land within a hundred kilometers of a Mexican border and within fifty kilometers of a Mexican coastline.Like any other pragmatic government, the Mexican government has made it possible to get around its own laws. It does this by permitting Mexican banks to own land in real estate trusts for the benefit of foreigners. The foreigners who are beneficiaries of such trusts then have unrestricted use of the property. The net result is that foreigners can buy real estate, or the unrestricted right to use real estate, almost anywhere in Mexico.Try Before You BuyThe cost of living is generally much lower in Mexico than it is in the United States. In addition there are some superb locations with a wonderful warm climate. This is why Mexico has become a magnet for many retirees. Before buying property in Mexico, you may want to think about renting a vacation apartment or home and getting a feel of whether living in that particular area is for you.When you finally decide to buy real estate in Mexico, the first thing you need to do is hire a Mexican attorney. Once you have the legal aspects under control you have a lot of excellent property options in Mexico. There are ocean-view condos, lake-side villas and gorgeous single-family homes.