As though you needed more reasons to buy Mexican real estate. Most buyers consider a change of lifestyle or warm weather, white sandy beaches and turquoise waters, and friendly, hospitable locals as the principal reasons to buy Mexican real estate. Here’s another one: substantial increase in the resale value of property....
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Real estate in Mexico’s tourist areas is a popular investment option for foreigners. Demand for investment properties has been met with a significant increase in new development. However, there are several risks to consider when investing in a property that is still under construction....
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As a legal firm specializing in Mexican real estate, we have witnessed countless cases where clients, in the absence of good legal counsel when drawing up a contract, are affected by situations related mainly to breach of contract or clauses of little benefit to one of the parties. On this occasion we will analyze a particular case where the plaintiff has made a promissory purchase in which use of arbitrations was included, with rules agreed upon by both parties, but without the right to request legal intervention. The controversy is very “square” since in this type of obligation, such as a promissory...
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Merida is one of the few cities in Mexico experiencing growth during these difficult times, and is gaining a well-earned reputation for being a forward thinking, innovative and technologically advanced city which offers opportunities for growth to many businesses and industries. Strategically located in close proximity to the major markets of Mexico itself, the USA and Latin America, with excellent connectivity by road, sea and air, Merida, and the state of Yucatan in general, have become attractive propositions in the business sector, especially since the city is considered to be one of the best places to live in Mexico. It is...
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Closing Date The closing date or completion date is the day the property is transfer to the buyer, and the title deed is signed. Condominium Regime This document granted by a Notario Publico and recorded in the Public Property Registry. It contains all the rules and regulations for the development as well as legal matters regarding the complex. The buyers will not receive the title until the regime is registered. Notario Publico A Notario Publico is a licensed attorney, certified, and appointed by the government. The notario acts as an official representative of all parties of the transaction. They do not represent only you; you...
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