The coordinator of the PRI in the Chamber of Deputies, Manlio Fabio Beltrones, along with Rep. Gloria Nunez, have proposed a constitutional amendment to allow foreigners to directly buy land in México within the “Restricted Zone,” provided it is for home use, not for commercial purposes.
The initiative, presented today by Deputy Nunez and signed by Beltrones removes the prohibition against foreigners directly purchasing land within the restricted zone which forced them to break the law and resort to the creation of trusts.
The restricted zone is land situated within 100 kilometers along the border and 50 kilometers from the beaches.
The goal of the initiative is to amend article 27 of the Constitution in order to eliminate the middlemen in this real estate area.
The initiative was referred to the Constitutional Committee, and was signed by more deputies.
(from El Universal)
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