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Tag: Mexico

FAQ, Real Estate, Riviera Nayarit

Can Foreigners Buy Real Estate in Mexico?

Foreigners can easily buy real estate in Mexico, and many people from the United States, Canada and Europe have done so without any problems. There are certain restrictions that apply, which can be simply resolved but which should be taken into consideration so there are no surprises.

Restricted Zone for Foreigners Buying Real Estate in Mexico

The ‘restricted zone’ in Mexico for foreigners buying real estate is designated up to 62 miles from the borders and up to 31 miles from the coast. What this means is that foreigners are not allowed to hold the direct titles to land and property in these areas. So how do foreigners buy real estate in Mexico’s beach destinations? Well, that is where Mexico’s “fideicomiso” comes in to save the day. Essential the fideicomiso is a bank trust that holds the title of the land on your behalf in order to comply with constitutional restrictions.

Background to Fideicomiso

Since 1917, in response to the Mexican Revolution when the Mexican Constitution stated that all foreigners were prohibited from holding any ‘fee simple’ titles on property located in the restricted zones, it has not been possible for foreigners to buy property without a fideicomiso. In an attempt to avoid scams in the 1970s where foreigners would have to “borrow the names” of Mexican nationals to open their businesses, Mexico’s Foreign Investment Laws began allowing corporations to own the titles on properties in the restricted zones, but titles for residential properties were still restricted.

Nowadays, Mexican banks support a law that now lets foreigners own and enjoy any property in the restricted zones legally. Foreigners can purchase the property without just being an investor under a fideicomiso trust.

How does fideicomiso work?

The Mexican fideicomiso will permit non-citizens of Mexico to purchase real estate in the restricted zone if they allow the bank to be the trust holder of the property. The Mexican banks would be the Fiduciary of the property or the trustee. The trustee will take the title of the property and hold it to meet all laws governed by the constitution in Mexico. The trustee is not allowed to sell the property, because you are still the owner. You are the beneficiary of the property, and you hold all rights to the property. The bank and trustee just holds the title of the property, so everything is legal.

There is a fee that you will pay to the Fiduciary Bank for the trustee contract, which is usually somewhere in the region of $500 USD per year and you may also be responsible for any maintenance fees and land taxes. As the beneficiary of the property, you own all rights to the property in the restricted zones, and you can sell the property anytime, remodel, and even rent out the property. The Fiduciary Bank has to follow Mexico’s laws, and they cannot sell the property unless they have written consent by you, the beneficiary and owner.

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by VLEAdminRE,
Destinations, Real Estate

Reasons to Retire in Mexico

Retiring in a foreign country has long been the fashion in the United States, Canada and Europe since the first wave of baby boomers began to take early retirement; so why is retiring in Mexico such as popular choice for North Americans?

There are so many reasons that make retiring in Mexico such a great choice. Whether you have retired early in your 40s or 50s, are reaching the state retirement age or are a fighting fix octogenarian looking for a location where you can afford to grow old in style, Mexico has so much offer. Let’s take a closer look at why you might retire in Mexico.

Warm Weather

Many people choose to retire in Mexico looking for warmer weather conditions, avoiding harsh winters and enjoying the sunshine throughout the year. For this reason, the popular locations for retirement in Mexico tend to be on the coast, locations such as Puerto Vallarta, Cabo San Lucas and Cancun, for instance; although many retirees opt for temperate climates in land which boast eternal springs rather than eternal summers. Living in locations that boast warm weather and sunshine throughout the year can do wonders for our health, skin and moods thanks to increased levels of vitamin D and serotonin from the sun.

More Affordable

Your pension and savings will go a lot further in Mexico and you can expect a higher standard of luxuries on a lower budget. Real estate is more affordable and many who choose to retire in Mexico can afford to keep their house back home as well as their second home in Mexico to escape the winters. Likewise, more luxurious properties become more accessible and you can spend out on amenities like swimming pools, jacuzzis and maid services, which all enhance your quality of life.

Excellent Private Medical Care

Excellent private medical care is available in Mexico, which has seen a huge rise in the popularity of medical tourism for both essential healthcare as well as cosmetic surgery. You will find that you will be able to afford a better health care plan for less in Mexico, or indeed discover that your health care coverage from home is extended over the border. On another note, home staff and caregivers are much more affordable in Mexico, so you might find that care for elderly members of the family can continue at home, without having to resort to using a residential or care home.

Making the Most of Life

Many retirees feel more at home in Mexico than in the US or Canada due to the spirit and warmth of the Mexican culture and people who so appreciate foreigners and their investment. The hospitality of Mexico is renowned and setting up home in the major tourist areas will offer you the chance to live that warmth firsthand. Retirement is the time of life when you should live your dreams and try those things you have always wanted to do but had too many responsibilities back home. Mexico’s laid back attitude and vibrant culture is the ideal stomping ground for those looking to let their hair down and live life to the full.

by VLEAdminRE,
Real Estate, Riviera Nayarit

Real Estate in Mexico: Riviera Nayarit

Real Estate in Mexico is a popular dream for many people from the United States and Canada, especially among those who wish to make their retirement in the sun. Riviera Nayarit on the Pacific Coast of Mexico is certainly one of the hot new destinations for real estate in Mexico, with a host of luxury properties for full and fractional ownership to tempt even the most discerning of real estate investors and second home buyers.

Riviera Nayarit Real Estate in Mexico

Riviera Nayarit is the stretch of coast that draws north from Puerto Vallarta’s airport on the Pacific Coast of Mexico, on Banderas Bay. From Nuevo Vallarta to Punta Mita, and further north towards Sayulita and San Pancho, Riviera Nayarit is a chic real estate opportunity for investors with taste and a penchant for the good like in the sun.

Riviera Nayarit real estate benefits from an eternal summer climate, with sunshine guaranteed more than 300 days a year. The beaches in Riviera Nayarit are also among the most soft and sandy in the area with safe areas for swimming in the sea and the chance of catching sight of a turtle or two coming to lay its eggs. The vacation infrastructure in Riviera Nayarit, especially in Nuevo Vallarta and Punta Mita, offer a range of restaurants and stores within a clean tranquil environment that is suited to second home purchases and vacation ownership.

Real Estate in Mexico doesn’t get much better than Riviera Nayarit; and at Villa La Estancia Residences you can find affordable real estate opportunities from $165,000.00, enjoying all the wonderful facilities and privileges of a 4 Diamond – 5 Star hotel on the beach. Luxury real estate in Mexico can be a viable option for many visitors, especially if you consider the option of fractional real estate ownership. Villa La Estancia Residences offers the chance for both full and fractional real estate for luxury second homes and those looking to retire permanently in Mexico.

Real estate in Mexico can become a reality in Riviera Nayarit when purchasing property at Villa La Estancia Residences.

by VLEAdminRE,
Destinations, Real Estate, Riviera Nayarit

Mexico Luxury Real Estate in Bucerías, Riviera Nayarit

Mexico luxury real estate in Bucerías, Riviera Nayarit is one of the most attractive lifestyle investments you could make if you are looking for a year-round combination of great climate, wonderful scenery, lavish accommodations and warm people. Luxury real estate in Bucerías is a fabulous opportunity to make Mexico your second home in a totally safe and beautiful part of the country.

Why is Mexico Luxury Real Estate in Bucerías such a great investment?

Bucerias, Riviera Nayarit is one of those destinations on the Pacific Coast of Mexico that provides a relaxed atmosphere and plenty of luxury real estate opportunities to suit the US and Canadian search for quality, luxury and safety. There are many benefits to living in Bucerías, Riviera Nayarit, whether just for the winter season to escape the cold, for a month at a time or permanently. Among such benefits, a warm climate throughout the year is one of main attractions, in addition to Bucerias’ lengthy beach that stretches miles from Nuevo Vallarta to La Cruz to Huanacaxtle.

Bucerias’ stunning natural surroundings has attracted many expats to purchase Mexico luxury real estate in Bucerías, enchanted by the delightful offering of restaurants, bars and farmers’ markets as well as plenty of activities to keep you entertained. Golf, fishing, diving, horseback riding, spas and more are common pastimes among those who invest in luxury real estate in Bucerías.

At Villa La Estancia, you will find a fabulous range of two and three bedroom luxury residences and penthouses on offer for full and fractional real estate purchase. Not only do you enjoy elegantly designed luxury residences with incredible ocean views, but also Four Diamond services at one of the most luxurious hotels and spas in Riviera Nayarit. Real estate opportunities in Mexico, don’t come more comfortable or more elegant than this!

by VLEAdminRE,
Full Ownership, Real Estate, Riviera Nayarit

Real Estate in Riviera Nayarit

Investing in real estate in Riviera Nayarit, Mexico comes with many advantages, whether you are looking for a permanent home in the sun to relocate indefinitely, a fractional vacation ownership opportunity for vacations or an investment in your future winter getaways. Real estate opportunities in Riviera Nayarit abound, yet the key to a great investment is to recognize what you are looking for and what will make you happy in the long run.

Real Estate in Riviera Nayarit

Riviera Nayarit, which includes the exclusive areas of Nuevo Vallarta and Punta Mita just minutes from the world-renowned vacation destination of Puerto Vallarta, has cornered the market for luxury residences, villas and apartments in Banderas Bay, Mexico.

Located on the Pacific Coast of Mexico, Banderas Bay is one of the country’s safest, most popular vacation destinations thanks to a marvelous combination of factors – stunning year-round sunny weather, Mexico’s best beaches, an incredible selection of gourmet restaurants and bars, an array of activities on land and sea, affordable direct flights from the USA and Canada and a friendly safe environment to invest in vacation ownership, among other factors. For this reason luxury real estate in Riviera Nayarit has gained such prominence.

Why Choose Riviera Nayarit for a Real Estate Investment?

There are a variety of reasons why Riviera Nayarit is a safe place to invest in vacation ownership and real estate. Firstly, real estate in Riviera Nayarit has a reputation for classy, luxury residential areas on the beach that make a perfect vacation property investment – like-minded neighbors and a chic environment in one location! Nuevo Vallarta, for example, boasts the perfect combination of exclusivity and price, remaining accessible for second home ownership without skimping on luxury.

Furthermore, Riviera Nayarit’s location has a lot to offer visitors from the USA and Canada looking for second homes by the sea. The beach is one of the cleanest and most stunning in the area, with a long stretch of fine yellow sand that seems to go on forever; the airport is a short drive and the level of infrastructure, services and elegant restaurants is high, plus you have the fun vacation atmosphere of Puerto Vallarta not too far away.

Whether you are looking for a quiet retreat in the sun, or a second home to entertain your friends and family, Riviera Nayarit should be the first place you look for real estate in Mexico.

by VLEAdminRE,
Cabo San Lucas, Real Estate, Riviera Nayarit

Villa La Estancia and Mexico’s Premier Luxury Real Estate Developer

When it comes to luxury real estate at the beach in Mexico, there are a number of key developers to look out for. The Villa Group are renowned for their brand of luxury residences at the exclusive Villa La Estancia in Riviera Nayarit and Cabo San Lucas as well as an impeccable reputation for quality, class and value for money.

About the Luxury Real Estate Developer

The Villa Group are a highly reputable company that boasts more than 30 years providing leisure services and vacation ownership opportunities in Mexico. With 8 beachfront resorts in the top vacation destinations in Mexico, including residential real estate opportunities on site at the most luxurious of its hotels, the Villa Group falls into the category of one of Mexico’s premier luxury real estate developers.

About Villa La Estancia Residences

Villa La Estancia Residences are all about elegant and luxurious lifestyles by the sea. You can purchase exclusive two and three bedroom villas as well as opulent penthouses to enjoy a second home at one of Riviera Nayarit and Cabo San Lucas’ most luxurious hotels.

Two and Three Bedroom Villa La Estancia Villa Suites

Two and three bedroom villas range in size from 2,163 to 2,583 sq.ft boasting en-suite bathrooms for all bedrooms and a full guest bathroom off the living room. Each residence has a hacienda style gated entry leading to a solid maple door to your property, ten foot high ceilings, a spacious open-plan living and dining room with a full gourmet kitchen, plus all the modern comforts you would expect of a luxury home. Bathrooms include large travertine showers, whirlpool tubs and marble counter twin vanities.

Villa La Estancia Penthouses

The penthouses at Villa La Estancia take luxury living to another level. From 4,000 to 5,000+ sq.ft. in size, the penthouse residences are fit for a king, boasting spectacular views from expansive terraces with outdoor jetted tubs and chic terrace furniture. These glamorous Villa La Estancia penthouses provide the elegance you dream about.

Villa La Estancia and Mexico’s Premier Luxury Real Estate Developer

Full or Fractional Real Estate in Riviera Nayarit and Cabo San Lucas

Villa La Estancia Residences offer a unique opportunity to own a luxury property by the beach in the top destinations in Mexico. Lavish living can be your reality, and at Villa La Estancia you can choose between full ownership or deeded fractional ownership. For those of you toying with the idea of retiring in Mexico in the future, fractional ownership of a luxury Villa La Estancia property is a happy medium until you decide to live the dream every day of the year, or perhaps full ownership makes a more attractive investment for you. Our expert luxury estate agents can help you discover the best options for you.

Luxury Real Estate Developer Financing

What distinguishes Villa La Estancia Residences from other real estate opportunities is the chance you have to take advantage of developer financing. With an agreed deposit, you could loan the remaining balance of your property directly from the developer, paying the outstanding balance in payments. Developer financing makes it easier to own in Mexico, plus we take care of all the paperwork and documentation you need to legally own your own slice of paradise.

by VLEAdminRE,