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Real Estate Blog
CR1275: A Sustainable Development In Puerto Vallarta
Although the tear-down and rebuild developing is a common and legit practice in construction, maximizing the potential of existing properties has way more sense, and even more positive impact in the community. By reducing the number of new units in the city through a careful attempt to not overbuild, this sensible and sustainable development guarantees…
Why Do You Need A Fideicomiso To Buy Property In Mexico?
Promulgated back in 1917, the Mexican Constitution didn’t allow foreigners to own property in Mexican territory. That is why in 1973, the Government designed the fideicomiso, a land trust system to encourage foreign investment. And this is important because now you can buy your dream beach house through a bank trust, also known in Mexico as “fideicomiso”.…
Capital Gains Taxes (ISR) on Mexican Properties
Oct. 22, 2015 UPDATE On October 18, the Mexican Congress amended the tax law for 2016. Under the new rules, our primary residence will be exempt from capital gains after living in the home for just 3 years, instead of the current law’s every 5 years. Soda pop manufacturers got a boost with 50% reductions…