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...

11 June

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Mortgaging Real Estate Investments in Mexico

Posted by Mexlaw

in MexLaw, Real Estate

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...

16 May

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

Posted by MexLaw

in MexLaw, Real Estate

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...

20 March

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Mexico Ranks Number One in Online Real Estate Search

Posted by Mexlaw

in MexLaw, Real Estate

When people living in the US are searching for a second home to purchase, Mexico appears to be the favorite investment location. The real estate website Point2Homes researched the most popular real estate searches of people living in the US and looking for a second home. Their article states that they tracked the Google searches from January 2017 to January 2018. Their research included keywords, homes for sale abroad and in countries in the Americas. The most popular search was Mexico at 63,890 monthly searches from US users. 64,000 monthly searches for real estate in Mexico during 2017, ranking it...

14 February

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Real Estate Guide

Posted by Zoltan

[vc_row triangle_shape="no"][vc_column][mkd_separator type="with-icon" animate="yes" color="#c18f59" width="195px" top_margin="20" bottom_margin="30" custom_icon="6694"][vc_column_text] Complete Guide to Buying Property in Mexico [/vc_column_text][vc_empty_space][vc_column_text]Foreigners should exercise a higher level of caution and discernment when purchasing property in Mexico. Than being said, it should not discourage you from purchasing property in Mexico. It will probably be the best investment that you will make. Nevertheless, as the saying goes, “buyers beware”.[/vc_column_text][vc_empty_space height="12px"][vc_column_text]It is not enough to ask questions and to read articles on the Internet. Buyers should be aware of what the proper, legal and customary process is in order to purchase property, and any deviation from this process should be...