9140 Boulevard Leduc S230,
Brossard, Québec, Canada, J4Y 0L2
EN
New Real Estate
Mexico
We Garantee The Best Service.
Zisla is a group of international brokers from Canada who dedicate themselves in helping buyers from all around the world purchasing a piece of property in Mexico. As an independent company, we work
hard to provide you with some extremely trustable resources, insightful knowledge and a unique
accessibility to a thriving Mexican real estate market. Whatever your dream property looks like,
we’ll make sure that you secure your investment by the means of our highest service standards.
We Provide You The Best Experience.
We’re simply working in your best interest to make the whole purchasing process much simpler. Let’s get your project started. Contact us today !
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Frequently Asked Questions
Can a foreigner own real estate in Mexico?
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Absolutely! The key distinction in the buying process is the use of a trust/fideicomiso or a corporation. It is required to acquire property or land in the Restricted Zone. The restricted zone is 100 km from the border with another country and 50km from the coastline.
Why is the use of a fideicomiso or a corporation required?
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In the 1917 Mexican Constitution, foreign ownership was forbidden in the Restricted zone because of Mexico's long history of land ownership dominated by foreigners (article 27). In 1973, a series of foreign investment laws were implemented as the Mexican government saw that foreign investment could have a positive impact on the economy. As a result of the relaxation of the laws on foreign investment, the trust system was created in 1993. Overall, it was much easier to create a trust system for foreign ownership than completely changing the Mexican Constitution.
What is the buying process of new construction?
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It is a three step process which starts with the Offer to Purchase, followed by the Promissory Agreement and the Irrevocable Trust Agreement. Offer to Purchase: Very Similar to an Offer to Purchase in the United States and Canada. It is an offer to purchase a property at a given price within a certain time period and is subject to review of the full documents. At this stage, a refundable deposit is held by the seller and is fully refundable if the buyer decides not to proceed. Promissory agreement: This is not the final document, but it is legally binding and it outlines the details and terms of the transactions once all the negotiations are final. The Irrevocable Trust Agreement: The execution of an Irrevocable Real Estate Trust Agreement is the means by which title of the property is irrevocably transferred to the trust.