Americans Salivate Over Owning a Slice of Pacific Beachfront; Locals Mixed Andrew O'Reilly - Fox News Latino
go to original October 11, 2013

From retirees to surfers to people looking for affordable beach property, the allure of Mexico’s Pacific coast has drawn Americans south of the border for decades.

But because of Mexican laws barring foreign home ownership along the coast, having that ocean-side oasis has eluded many Americans. Those that have been able to acquire a beachfront property have had to finagle through Mexico’s hazy legal system.

A proposed constitutional change in the halls of Mexico’s Congress, however, could make it easier for foreigners to own land on Mexico’s coast – a move that has been trumpeted by retirees who want Mexico’s Pacific coast to be the next retirement Mecca. But in Mexico, the proposal has divided Mexicans between those who believe these northern snowbirds will bring a boost to the local economies and those that see it as a blasphemous insult to Mexican sovereignty.

... Mexican law currently prohibits foreigners from owning residential property in what is known as the restricted zone – an area that extends 31 miles inland from the coast and 62 miles from the border. In May, however, Mexico’s lower house approved a proposal to lift the ban, and the move is now poised to pass through the country’s upper house before heading to state legislatures.

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