AmericanAllianceRealty.com - Servicing All Your BAJA MEXICO Needs

Owning In Mexico Has NEVER Been Easier

Mexico has thousands of miles of pristine coastline, wonderful colonial cities which boast architectural wonders stretching back many hundreds of years, and diverse expatriate communities of Americans and Canadians scattered throughout the country. The Mexican government is encouraging the expansion of tourism and investment in Mexico. Anyone can acquire property in Mexico if some simple rules are understood.

Some Clarifications
Mexicans by birth or naturalization can buy real estate anywhere in Mexico. Foreigners may purchase real estate directly in their own names throughout the interior of Mexico. In addition, foreigners may buy property near the border and the coastline in the area referred to as the restricted zone (about 31 miles inland from the ocean and about 62 miles from the borders) as the beneficiary of a bank trust. This is how many Americans own their vacation property in the States now. This ownership of our Mexican property is always insured with USA title insurance though First American Title Corporation.

Mexican Currency
The Mexican Peso has been the strongest currency in the world (yes, in the world) in the past four years. The Peso is now slightly overvalued against many other world currencies. Still capital inflow from North of the border and oil export revenues will keep the currency very stable.

Mexico Real Estate - Prospects
Thousands of people from countries around the world own real estate in many parts of Mexico. It has been estimated that 300,000 to 500,000 Americans and Canadians spend over six months each year in Mexico. Many own Mexican property. As U.S. baby boomers grow older, more and more will be setting their sights on a secure retirement which includes spending part of the year in Mexico. Many will buy a condo, house or villa in one of the many choice beachfront or other interesting locations around the country.