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MEXLAW > Real Estate

Helping Homeowners Preserve the Architectural Heritage in Merida

The city of Merida implemented an incentive program to promote conservation of the buildings within the historic center. According to the government website the project consists of 3,906 properties with an area of ​​8,795 km² known as the Centro Histórico. The Facade Rescue Program began with a goal to recover and conserve heritage buildings, return them to their original image, improve urban architecture quality in the area, promote the historical value and encourage owner participation. The municipality takes care of the necessary permits, provides skilled labor and supervision, and the owner of the home is responsible for the materials and...

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Points to Consider When Purchasing Land in Mexico

Obtain an Active Cadastral (Property Survey) Ensure the measurements of the property match the those of the cadastral and confirm the property the seller is selling is the same as the legal deed. Infrastructure and Utilities Is the infrastructure in place for new construction? Are utilities and water available? Are there extra fees involved for connecting to water and sewer? Is there internet and tv services available in the area? These services may or may not be relevant to you. Zoning and Permits Research the zoning of the property. Depending on what you plan to build on the property you need to be...

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Economic and Investment Certainty

Published: Real Estate Market.com.mx Monday, 01 October 2018 Written by: Ricardo Vázquez At the beginning of the last quarter of the year 2018, in economic and financial matters, it stands out that the main factors of uncertainty have been defused and left behind. The first of these was the federal election, where the broad triumph of Andrés Manuel López Obrador did not generate any post-election conflict, and we are observing a smooth transition so far. The second element is the signing of a new version of the old North American Free Trade Agreement between the United States, Canada, and Mexico, formerly NAFTA,  now the United...

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Several Large Hotel Developments Demonstrate Continued Growth in Mexico’s Tourism Industry

Mexico’s Secretary of Tourism reported 40 million tourists visited Mexico in 2017, and 10.6 million tourists arrived during a record-breaking first quarter of 2018. Tourism in Mexico continues to grow; it is no wonder some of the largest hotel and travel companies continue to invest millions of dollars in Mexico. This week Air Transat announced their plans to develop a hotel chain in the Riviera Maya. Air Transat is a leading international tourism company based in Montreal, Canada. They have purchased property in Puerto Morelos in the Riviera Maya 20 minutes from Cancun to develop a beachfront resort. They have also...

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Foreigners Buying Real Estate in Mexico are Advised to Hire a Mexican-Based Lawyer

Mexico's real estate market is diverse and robust and if purchased through the correct channels, a secure investment. The Mexican real estate market continues to flourish offering excellent ROI in the form of vacation rentals, appreciation for investors and a better lifestyle with affordable luxury housing for your retirement. Foreigners can purchase property in Mexico however, there are restrictions regarding buying property within the restricted zone, which is any property within 50 kilometers from the coast or 100 kilometers from the border. Foreigners may purchase property within restricted zones, provided it is held in a fideicomiso (bank trust), or the buyer can...

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