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Buying a home in Mexico, House or Apartment
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Picking an Apartment  Apartments tend to have better security and they can give you more light, a better view and (depending on the location and budget) some common facilities such as a pool, tennis courts, gym, gardens, recreational areas and common room facilities. The downside can be the lack of privacy, adjusting to common rules and the fact that in some buildings the parking space is tight and people have to leave their car keys to the valet. Some buildings may look old on the outside but the apartment can be worthwhile. View the inside of the property even if you don't like the outside.
Your House and Home Houses give you more privacy and space. In the appropriate neighborhood, you can easily live in a single house without the need of a guard or security service. Houses can also be found in closed streets or cul-de-sacs, which are gated communities. You should keep in mind that all matters regarding the premises are between you and the owner. Unlike many places in the US, there is no board to take care of the maintenance, gas delivery, receipts, etc. Besides all the considerations listed above, you have to keep in mind that some areas can change over the years. Zoning permits sometimes allow investors to build huge constructions (offices, apartments, shopping malls) in areas that were once considered strictly residential. To learn more about buying a home, make sure you check out our section on buying property in Mexico.
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Other Articles |
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Tax on Profits from the Sale of Mexican Real Estate
There is a lot of misinformation on this subject, such as: "Ïf you become a Mexican citizen you have no tax to pay when you sell real estate"....................... or "With a FM-3 and some receipts, you will be exempt from paying capital gains
on the sale of your vacation house in Mexico"
| | Buying Real Estate in Coastal or Border Areas
Laws regulating ownership of real estate in Mexico are different from those in other parts of the world largely due to Article 27 of the Mexican Constitution of 1917, which prohibits foreigners from owning residential real estate within 30 miles (50 km.) of anycoastline or 60 miles (100 km.) of either border. These areas are known as the “restricted” zones.
| | Baja California Meeting Point 2008
The Baja California peninsula represents an eco-jewel in Mexico's treasure chest of lush vegetation, breath-taking coastal lines and mountainous landscapes. Whether its gray whale watching in the lagoons off Los Cabos or traversing through the Sierra de la Laguna dry forests, this land mass, which extends 1250 km (775 miles) from top to bottom, has been developing it's eco-touristic infrastructure for the past decade with glowing results.
| Mexico Real Estate Trade Show - 2008
Tradex exhibitions is Mexico's leading organizer of trade and consumer exhibitions with a portfolio of over 10 events. They excel in creating high profile, highly targeted business and consumer exhibitions, where buyers and suppliers can come together to do business.
| | Vacational Real Estate Booming - RCI Report
Vacational real estate in Mexico registered a massive spike in 2007 by growing 46.6 percent and all indicators point to 2008 being an even better year for the sector. According to an industry report commissioned by the vacational rental giant RCI, last year Mexico made up 69 percent of holiday homes that were built in the region which comprises of Mexico, Central America and the Carribean. That figure included 44 master plan developments in diverse destinations all across the nation. Cancun and Los Cabos were the top two cities with the biggest tally of new vacational real estate registering 200 and 80 percent growth respectively, the report stated.
| | Master Plan Developments in Playa del Carmen and Riviera Maya
Playa del Carmen is undoubtedly the jewel in the Riviera Maya which stretches from the world famous resort of Cancun to Tulum and the Sian Ka'an biosphere reserve. Originally a humble fishing resort, tourism in Playa del Carmen began as a passenger service to the nearby island of Cozumel which is a hotpsot for scuba diving in the Yucatan Peninsula.
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