Foreigners can own property in Mexico. It's perfectly legal. Outside the restricted zones—50 kilometers (about 31 miles) from shorelines and 100 kilometers (about 62 miles) from international borders—foreigners can hold direct deed to property with the same rights and responsibilities as Mexican nationals.

As a foreign investor, purchasing property in Mexico can be a good investment option as the high currency rate means the investor will get more value for their money. However, it is important to consider the potential risk of the currency rate dropping and the property losing value.

A two-bedroom house in Mexico City can range anywhere from $100,000 to $500,000, while a similar property in Tulum may cost upwards of $1 million. In Cancun, a two-bedroom home can range from $200,000 to $1,100,000, depending on the location and amenities.

What are the potential risks associated with owning a property in Mexico? There are several risks associated with owning a property in Mexico, including legal issues, damage to the property, and fluctuations in the real estate market. It's important to understand these risks and take steps to minimize them.