Sea facing hillside homes in Cabo San Lucas, Mexico
The Mexican constitution has enjoyed a bad reputation amongst overseas investors so far because it prohibits foreign ownership of land within the country. To attract more foreign capital, Mexico has created the “fideicomiso”, which is a form of real estate trust. To legally execute the trust, a Mexican bank must be designated as the trustee and own the title to a property. This will see the bank being the actual owner on record for real estate bought by foreigners.
