Closing the Deal – Real Estate in Mexico

Posted by MexLaw

Did you know foreigners can buy property in Mexico without holding resident status? Although visitors to Mexico can purchase real estate without applying for temporary or permanent residence, holding a resident card will benefit you when it comes time to sell. Claiming the property as your principal residence may exempt you from any capital gains tax on the sale. Obtaining Mexican citizenship will allow you to purchase property in the restricted zone, which refers to properties that are 100 kilometers from the border and 50 kilometers from the coastline, without a fideicomiso, bank trust or a Mexican corporation. You have found...

29 May

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Quick Facts About Assemblies for Condominium Owners in Mexico

Posted by MexLaw

in MexLaw, Real Estate

Foreigners who are thinking about investing in Mexico, whether as a 2nd home or a permanent relocation, typically have a condo near the beach in mind. Downsizing and enjoying a more affordable lifestyle go hand in hand with living in Mexico. Living in a condominium has many advantages such as easy upkeep, security, amenities, swimming pools and fitness centers, investment, an opportunity for rental income, and also a social aspect which comes with living in a condo complex. Condominium ownership is best described as real estate of any shape or size available for individual ownership with undividable common areas for...

04 May

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Marketing Tips For Your Vacation Rental Property in Mexico

Posted by MexLaw

in Legal Services, MexLaw, Real Estate

Foreigners looking to invest in a second property or retirement home are looking towards Mexico. The constant influx of tourists arriving on both coasts of Mexico, Riviera Nayarit, and the Riviera Maya indicate a demand for vacation rentals, is impacting foreign interest in real estate opportunities.

Both of these Mexican beach locations have a huge demand for rental properties with a growing number of travelers preferring to stay in private residences over big brand resorts.

10 April

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Due Diligence and Protecting Foreign Property Owners in Mexico

Posted by MexLaw

in MexLaw, Real Estate

Foreigners thinking about buying property in Mexico may hear the term “due diligence” this is a vital step of purchasing real estate in Mexico. You may see in the news that foreigners have lost their property in Mexico, finding out the property had a developer or construction lien against it, the land was not authorized to be sold, real estate fraud or a long lost relative making claim on the land. Take the proper steps to prevent this situation from happening to you. Due diligence is the process performed that guarantees you do not lose possession of your property. Whether...

21 March

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Foreigners Investing in Puerto Vallarta & Riviera Nayarit’s Restricted Zones

Posted by MexLaw

in Real Estate

If you are looking for affordable oceanside property in Mexico, check out Puerto Vallarta & Riviera Nayarit, situated on the Pacific Ocean's Bahía de Banderas. This area of Mexico is attractive to foreign buyers because of its affordability, continuous growth in real estate sales and a steady increase of visitors creating a high demand for rental properties. Did you know a non-Mexican may buy property in Mexico without residency? There is no requirement for foreigners to apply for residency status prior to purchasing real estate. As a tourist, you may invest in Mexican real estate and enjoy the same protection...