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Mexico eases law against foreigners' beach homes

Thursday, April 25, 2013

Mexican congressmen voted to change a law that makes it difficult for foreigners to own beach homes in Mexico.

The law prevents any foreigner from directly owning a home that is located within 50 kilometers of Mexico's coasts. Foreigners in Mexico are also banned from owning homes that are located within 100 kilometers of the country's international borders.

Congressmen from Mexico's house of representatives argued that the law was "outdated," that it hampers investment in the country, creates unnecessary bureaucracy and no longer matches reality.

Source: ABC News