With an area of approximately 2 million sq. km (more than 760,000 sq. miles), Mexico is among the largest countries in the American continent.
Its nearly 113 million inhabitants make it the nation with the largest Spanish-speaking population in the world. Mexico is a democratic republic made up of thirty-one states and a Federal District. The currency used is the Mexican Peso (MXN).
Real Estate in Mexico
Mexico boasts a wide range of locations for investing in real estate, from a holiday home near the sea to a flat in one of the largest cities in the world. Each town has its own legacy and its own pace, so you will no doubt find one that suits your needs.
Where to buy
While Spanish is the most widely-used language, there are communities of foreign residents who have decided to make Mexico their home.
The area you choose will depend to a large extent on your intended life style. The beaches along the Caribbean are among the most beautiful in the world; the southern region boasts a rich cultural and pre-Hispanic legacy; in the central region there are large cities with the hustle and bustle of cultural, commercial and industrial life. In the low lands you will find stunning historic towns whose stately charm will take you on a journey to Mexican colonial times. Along the coast of the Pacific Ocean and the Sea of Cortez you will find the welcoming, friendly atmosphere Mexicans are known for. Finally, the northern region, home to thriving cattle-breeding and industrial activities, represents an excellent option for doing business.
Currently, you do not need to be a resident of Mexico in order to acquire a property. Your CENTURY 21®Agent will be able to assist you in understanding the home buying process. Please seek professional advice from a qualified lawyer and tax adviser before attempting to purchase real estate in Mexico.