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Last updateFri, 22 Nov 2024 1pm

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Lower house votes to ease restrictions on foreign ownership of land at coast, borders

The Chamber of Deputies, Mexico’s lower house, approved a constitutional amendment Tuesday that will permit foreigners to have direct title to their properties located within the “Restricted Zone” – 100 kilometers within the nation’s borders and 50 kilometers of its coastline.  The legislation passed by 356 votes to 119, with only left-of-center legislators voting against the reform.  It still requires approval by the Senate and at least half of Mexico’s 32 state legislatures, before it can be signed into law by the president – a process that could be lengthy.

Pope gets invite

Cardinal Jose Francisco Robles Ortoga, the archbishop of Guadalajara, revealed this week that the Mexican Catholic Church has formally invited Pope Francis to visit Mexico at “the time that he deems appropriate.”

Savvy analyst provides broad view on Mexican economy

Distinguished Mexican academic and award-winning media commentator Leo Zuckerman provided a well-rounded analysis of Mexico’s economy to an attentive crowd of lakeside expats attending a March 20 conference sponsored by the banking and investment outfit Grupo Financiero Multiva.