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Real Estate

MEXLAW > Real Estate (Page 4)

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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MexLaw Seller Assistance Program

Are you selling your property in Mexico? MexLaw can assist you with obtaining the documents you need to sell your property. Dealing with official agencies in Mexico can be frustrating at times and much worse if you are not fluent in Spanish. We do the work for you, and you avoid dealing with the red tape of various service providers and government offices. Our expert accountants can help you reduce or avoid capital gains tax. MexLaw offers three levels of assistance from obtaining the following documents to providing tax and legal advice: Basic Assistance Package Cadastral certificate (official survey of the property) Proof...

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Merida´s Colonial Homes: Conservation of Pasta Tiles

Merida’s expats and visitors are investing in neglected colonial homes and mansions. Foreigners are purchasing these properties at a low price and restoring them to their former glory. In fact, there is an initiative in Merida for the recovery and conservation of these historic homes, which may include tax breaks for qualified properties. One of the first characteristics you notice about these homes is the flooring, and if the restoration is intended to preserve the home’s history, it includes handmade pasta floor tiles. The term “pasta floor” does not mean someone dropped spaghetti on the floor. The term refers to...

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Mortgaging Real Estate Investments in Mexico

Mexico is the most popular country for Canadians and U.S. citizens looking for a second home or retirement investment. The cost of investing, taxes, and maintenance are considerably lower in Mexico. Most foreigners move to Mexico for the culture, food, and the weather, but for many others finances play the key role, realizing their nest egg may not be adequate for them to retire comfortably. You can enjoy a greater quality of life living on a fixed income in Mexico. One of the advantages of purchasing Mexican real estate is that it will practically pay for itself with the potential to...

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A Specialized Attorney: A Tool of Legal Certainty in a Real Estate Transaction

The real estate market has become more competitive and presents greater difficulties to settle a real estate transaction due to external factors such as economic situations, crime rates, social-political facts along with the typical uncertainties and challenges of acquisition itself. Foreigners lack knowledge regarding the process of purchasing property overseas, and many questions arise: How can a foreigner acquire property in Mexico? What are the steps of obtaining the title deed of the property? Is the seller entitled to sell the property? Who will be involved in the transaction and what are the functions of each?  Can the seller guarantee...

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