Mexico Property Ownership Change?


The News (Mexico)

A new proposal in the Senate would lift rules that prohibit foreigners from buying property in the nation’s coastal and border regions.

The bill, sponsored by Sen. Mario López Valdez of the Institutional Revolutionary Party, or PRI, aims to boost foreign investment by scrapping constitutional prohibitions against non-Mexicans owning property within 50 kilometers of a coastline and 100 kilometers of the border.

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[From The News]