Property ownership in Mexico just got cheaper!

I called to verify this as it sounded too good to be true.

All foreign purchasers of real estate in Mexico need a permit (convenio Art 27) from the SRE. Prior to this year the Mexican government charged $5,150 pesos per person per property (per acquisition). The fee this year is zero. For a married couple purchasing that is a savings of $10,300 pesos!

Notarios and other will still charge to apply in Guadalajara as they need to fill out forms and drop off and pick up the papers.