If you’re seriously looking into the idea of buying property
in Mexico and you want to know how to go about it, this is going to tell you
all about the status of your time in Mexico and how that is going to connect to
the idea of buying some land in this home-away-from-home! You may find it refreshing compared to other
places in the world -- many do! Let’s
take a close look.
Can you buy property in Mexico?
Firstly,
yes, you can buy property in Mexico even when you are not a Mexican
citizen. It is considered common
practice in Mexico and is easily done when you want to get serious about
potentially having that property that you’ve always dreamed of. A lot of land is sold to tourists, so it
isn’t uncommon.
Do I Need a Temporary Resident Visa to Buy Property in Mexico?
Many
believe that they need to already be temporary residents of Mexico to buy land
and property, but this is incorrect!
Anyone who has a valid tourist visa for their time in Mexico can legally
buy land in Mexico.
At this
point, they would be considered a temporary resident of Mexico, since you now
have an investment in Mexico itself. At
this point, you would apply for a formal temporary resident visa so that you
can stay and enjoy your property.
Why are you no longer considered a tourist when you buy the
property or a condo?
Mainly
because tourists can’t bring their property back with them as a souvenir. So, it’s implied that you have an interest in
returning to Mexico and spending more time in Mexico legally as a temporary
resident.
Since many
will buy land in Mexico as a secondary property, they’ll want to come and go as
temporary residents and know that they have a set space to enjoy a great
quality of life during their time in Mexico itself.
Do I need to keep my temporary resident visa current?
Just like
any other kind of visa, including a tourist’s visa, you will need to have a
current visa so that you can enjoy your time in Mexico. If you have a temporary resident visa, you
will need to continue to keep it active during your time here. You will also need to abide by all of the
rules and expectations, of course, just like you would with a tourist visa.
What if I have a temporary resident visa -- can I still buy
land?
Of
course! You can definitely buy land in
Mexico if you already have a temporary resident visa. You just do not require one to do so. If you have one when you choose to go looking
at purchasing a property, this is just one step that you can save in the
aftermath of settling down.
Buying land
in Mexico doesn’t require a temporary resident permit. You can simply have a current tourist visa to
do so. This makes it much easier than
many places, which often do require that you are already a temporary or
permanent resident of your chosen spot in order to do so.
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