Owning Property In Mexico
Ley De Fideicomiso
http://youtu.be/lKGgxj4OZkk How many times have you heard, you can’t own property in Mexico, you can only get a long term lease! Real property ownership is not the same in Mexico article 27 of the Mexican constitution of 1917 decrees that no foreign person may be registered as the owner of any real property...
Purchasing Mexican Real Estate
Buyer Beware and other Common Sense Tips
Those of us working in the Mexican real estate industry are frequently asked the same question. “Is it safe to buy real estate in Mexico?” The answer is “Yes, if you follow certain guidelines.” In which case, your purchase is as safe as it would be in Canada, the United States, or elsewhere. Only a...
Buying on the Beach
Defining Mexico’s Federal Maritime Zone
Defining and measuring the Federal Maritime Zone The Federal Maritime Zone is legally described as the 20 meter wide strip of land that is transitable and next to the beach (playa mar). Let’s break this down to make sure we are clear on what we are talking about: 1. The Federal Maritime Zone is...
Capital Gains Tax
On the Sale of Your Vacation Home
Real estate investors always have a lot of questions about income tax on capital gains. Instead of writing an article giving a full explanation of how this tax is calculated, deducted, exempted and paid, I prefer to share with you the most frequently asked questions made by property owners and tax payers. What is the...
Meetings, Developments, Investments
and Retiring in Mexico
The Mexican Association of Real Estate Professionals (AMPI) recently held its 39th Annual Conference and Trade Show in Monterrey, N.L. Members assembled from across Mexico to exchange ideas, hear speakers on various subjects of interest, network, socialize and hold AMPI’s annual meeting. Two special events took place during the week. The first was the signing...
Living in a Rental Home in Mexico
...taking the big step by small measures!
Oftentimes it makes sense for newcomers to an area to rent a home prior to making a purchase. This provides an opportunity to explore, to learn the neighborhoods, and then begin to understand the personality of the city or town before making the leap to a purchase and a more permanent commitment. Everyday more and...
Major Real Estate Meetings
Both the Mexican Association of Real estate Professionals (AMPI) and the National Association of Realtors® (NAR) will be having educational events, in the middle of the fourth quarter of 2010. The National Association of Realtors will meet in New Orleans November 5-8th, for NARDI gras. A wide variety of educational events will be included along...
Mexican Competitiveness
In the Global Marketplace & A Glimpse of Michoacán
Mexico Has Become the Best-Cost Country for Manufacturing Mexico is now considered the best country for the United States to do business with, according to the business advisory firm AlixPartners’ recent study on manufacturing and outsourcing costs index. The study provides American companies who do international businesses, with more accurate and understandable information of foreign...
Condominium Law in Guerrero
This article covers condominium law in Mexico, how a condominium legally works and what are the rights and obligations of owners. Governing rules The governing rules for condominiums are the Condominium Ownership Law No. 557 of the State of Guerrero (referred to here as the Law), and the Condominium Regime, which contains the individual condominium...
Perspectives on the Real Estate Industry
The 19th Real Estate FORUM The 19th Real Estate FORUM was presented this year by the Guadalajara section of the Mexican Association of Real Estate Professionals (AMPI) with more than 400 realtors in attendance for talks, Perspectives on the Real Estate Industry. Following the national anthem and parading of the flag by the drum and...
Second Annual Resort Homes Conference
If you are interested in Mexico’s dynamic second homes market and want to combine business and pleasure, then save the date and make plans to attend the MINT Second Homes Conference and Expo on April 19-20, 2007 in Cancun, Mexico, which will be officially opened by Lic. Rodolfo Elizando Torres, Mexico’s Secretary of Tourism. TradEx,...
AMPI Joins Realtors® and Invades New Orleans
It was the largest invasion, including foreigners since the French troops arrived in 1815 for the Battle of New Orleans. A big difference, this group was here to “help rebuild New Orleans.” The Conference set attendance records with over 25,000 Realtors® attending. This resulted from a year long campaign by NAR. Fifty countries were represented...
