Yes, foreigners can own property in Mexico, but there are certain restrictions on owning property in certain areas, known as the "restricted zone." The restricted zone consists of land within 50 kilometers (approximately 31 miles) of the coast and 100 kilometers (about 62 miles) of the border. Foreigners can still own property in the restricted zone, but they must utilize a bank trust called a "fideicomiso" to hold the title to the property.