San Miguel de Allende has become a main destination for its culture, climate and way of life, also for visiting or investing in Real Estate.

In case you are an expat and you are interested in acquiring a home in San Miguel, you should know that belonging to another nationality will not be an impediment to do so. However, there are permits and requirements that you must know so that making your home in this country is possible. We explain the most relevant information you need to know about how to buy a house in Mexico as a foreigner.

There are location restrictions, before choosing a house to buy you should know that to buy a house in Mexico as a foreigner there is a restriction in the areas. These areas are called “restricted zones” and are a strip of 100 kilometers along the land borders, or 50 kilometers along the beaches. If you buy a property outside the restricted area, you will only have to agree with the Mexican government to be considered as a national in relation to the acquisition of the property.

PERMISSIONS NEEDED

(Our team of Brokers R33 advises and accompanies you in each stage of the process)

Although buying a house in Mexico as a foreigner is possible, it is necessary to obtain prior permission to acquire the property, which must be granted by the Mexican government. To request it, you must go to the Secretaria de Relaciones Exteriores (SRE) in the Dirección General de Asuntos Jurídicos in Mexico. In the event that it is not possible for you to make the request in person, you can also carry out the process through a legal representative authorized by a power of attorney (R33).

MORTGAGE CREDIT FOR FOREIGNERS

(Our team of Brokers R33 advises and accompanies you in each stage of the process)

There are different financing options to buy a house in Mexico as a foreigner, even if you are living in your country. Mortgage loans for foreigners can also grant you different benefits such as insurance, rates and fixed monthly payments. In the event that you work within Mexico and are a beneficiary of Infonavit or Fovissste, you can even have the opportunity of co-financing. To obtain a mortgage loan for foreigners, as in all loans, you must meet the requirements that the entity requires. These will always change from one entity to another, however, there are some general requirements and conditions to be a foreigner subject to credit such as:

Submit the FM2 or FM3 immigration form Have the specified minimum period of time living in the same address Be economically active Be over 18 years of age Have at least one year of work seniority Check income Taxes. San Miguel de Allende is out of the restricted area so your procedure will not entail any special cost, and the taxes and deed expenses for acquiring the home will be the same as those of a Mexican.

If you want to live in San Miguel de Allende, Refugio 33 is the safest option on the market… Contact us and our team of Brokers R33 will assist you and accompany you throughout the process.

San Miguel de Allende is a pleasant place framed by precious samples of colonial architecture.

Founded by Fray Juan de San Miguel more than 450 years ago, San Miguel de Allende enjoys one of the best climates in the world. It is a fascinating, bright, seductive city, full of artistic and cultural riches.

You fall in love with San Miguel de Allende. It is difficult to explain but its baroque charm is mixed with the pleasant climate of the mountains, the globalized gastronomy, the accents of the world (they say that there are people of 63 nationalities living there) and in general a bohemian atmosphere that invites you to stay forever.

Below we list some of the reasons why this city has attracted so much attention, establishing itself as one of the favorite destinations, not only to visit but also to live, of many:

1. It is one of the cities that represents the culture of Mexico, it is part of UNESCO as Cultural Heritage of Humanity.
2. It has a small population. According to data from INEGI in 2010 it had 69,811 inhabitants, so its size is that of a small city. Thanks to this, it offers the comforts of a city but the flavor of village life.
3. It is one of the most culturally active places in Mexico: it has a significant number of galleries, cultural events and many artists live here.
4. San Miguel de Allende combines a quiet environment (which seduces thousands of American retirees) with a rich offer of activities for any taste and age.
5. The unforgettable pink quarry facade of the Parroquia de San Miguel Arcángel.
6. It was built only twenty years after the arrival of the Spanish, making it one of the oldest cities in Mexico and one of the few that has kept a small size.
7. Commerce: you will find everything from high quality crafts to old and beautiful homeopathic shops.
8. Restaurants and hotels: many of them mix contemporary sophistication with a rustic touch, offering rooftop service from where you can enjoy the city in its splendor.
9. Historic Center: its 24 blocks invite you to explore them on memorable walks that by themselves are a complete and delightful activity.
10. Its climate is very pleasant, its average temperature is usually between 60 and 68 °F.

If your priority in life is to live in a safe, quiet place, and to be able to enjoy the many beautiful things that it offers us; then, REFUGIO 33 in San Miguel de Allende is the right place for you!

If you want to live in San Miguel de Allende, Refugio 33 is the safest option on the market… Contact us and our team of Brokers R33 will assist you and accompany you throughout the process.