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How to buy a house when you are a foreigner?

For example, in Mexico it is becoming more and more attractive for foreign investment, as each year there is an increase in Foreign Direct Investment (FDI).

During the first quarter of this year was recorded a sum of $7,896 billion dollars, which represented an increase of 4% over the same period in 2015.

One of the destinations of this capital is the real estate sector of the country, ie houses and apartments for rent, as well as land and properties for sale.

So that for those who want to know what procedures and documents you have to have if you are a foreigner to acquire a property abroad, here are some tips of interest for you.


Mortgage loans for foreigners

It is mandatory that the purchase be made through a banking institution, which offers benefits such as fixed interest rates, insurance, fixed monthly payments and even the opportunity for co-financing if the interested party works in the country and contributes to INFONAVIT or FOVISSSTE.

Among the basic requirements to apply are:

Proof of lawful and regular income.

To make delivery of the migratory format FM2 or FM3.

Take a minimum specific amount of months living in Mexico, which varies depending on the bank.

Be economically active.

Be over 18 years of age.

Have a minimum employment seniority of 1 year.

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