Owning real estate in Mexico has changed greatly in the last 10 years for foreign , non-Mexican nationals . Starting in 1994 , the federal government of Mexico liberalized ownership provisions of every property within the constitutionally guarded area often known as the "prohibited zone" . Prospective buyers beyond Mexico's borders aiming to buy tourist ( housing developments , condominiums and time share campaigns ) , traditional , commercial or urban property are now able to cherish better legal freedom and ownership privileges as mandated and guarded under Mexico's innovative foreign investment law . In Mexico , such as the U .S . , the transfer of real estate investments rights are administered by federal , state and local laws . Foreign nationals wanting to acquire property or home are subject to approval and registration with Mexico's Department of Foreign Affairs . This federal degree agency is liable for awarding the lawfully required licenses and authorizations to buy property in the Mexican Republic , as well as to purchase real estate properties or rights thereto.
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