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Real Estate Investments Mexico

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February 16, 1999 | JAMES F. SMITH, TIMES STAFF WRITER
Along a curving white-sand bay framed by austere desert mountains, the billboards for the beachfront condos proclaim "Act Now--Only 42 Available" and "Location, Location, Location." The signs aren't in Spanish. They are in plain realtor's English. Although the Mexican Constitution forbids foreigners to directly own land within 30 miles of the coast, they can hold it through trusts. And English is the preferred language for pushing these home sites 800 miles south of the U.S.
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NEWS
February 16, 1999 | JAMES F. SMITH, TIMES STAFF WRITER
Along a curving white-sand bay framed by austere desert mountains, the billboards for the beachfront condos proclaim "Act Now--Only 42 Available" and "Location, Location, Location." The signs aren't in Spanish. They are in plain realtor's English. Although the Mexican Constitution forbids foreigners to directly own land within 30 miles of the coast, they can hold it through trusts. And English is the preferred language for pushing these home sites 800 miles south of the U.S.
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