Economic and Investment Certainty

Posted by Mexlaw

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...

28 September

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

Posted by Mexlaw

in Legal Services, MexLaw, Real Estate

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...

15 August

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

Posted by Mexlaw

in Legal Services, Mexican Will, MexLaw, Real Estate

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...

14 August

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MexLaw Seller Assistance Program

Posted by Mexlaw

in MexLaw, Real Estate

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...

11 July

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Merida´s Colonial Homes: Conservation of Pasta Tiles

Posted by Mexlaw

in MexLaw, Real Estate

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...