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A plain-language overview of how foreign buyers approach property in three popular destinations, with the questions to ask locally.
In Mexico, foreign buyers of property in restricted zones, such as coastal areas, typically hold title through a bank trust called a fideicomiso. A notary public plays an important role in closing. For the current legal position on discrimination, read Mexico's national council against discrimination (CONAPRED).
Housing is regulated provincially, and recent federal and provincial measures have restricted or taxed certain purchases by non-residents. Closing costs can include land transfer taxes. For the legal position on discrimination in housing, read your province's human rights commission.
In England, flats are often leasehold, so the length of the lease and ground rent matter. Non-residents may face surcharges on property taxes.
Everything here is a general overview and may be out of date by the time you read it. Hire a local attorney, ask about every tax and fee, and plan for currency costs.
Sometimes, with larger down payments and different terms. A local mortgage broker can tell you what is available.
Each profile lists licenses. Confirm foreign credentials with the local licensing authority.