Changes In Mexican Property Laws Benefit You!
When it comes to real estate investment, now is the time to consider buying real estate in Mexico. Changes to Mexican property laws mean that your interests are better protected than ever before. These changes have encouraged the growth of the mortgage industry in Mexico, which was practically unheard of less than a decade ago.
Your property interests are held in a trust called a fideicomiso. A fideicomiso is required for all land purchases within 50 km of a coastline and 100 km of a national border. These laws apply to foreign nationals and citizens alike, and create indefeasible property rights for the trust beneficiary. The trust is active for 50 years and can be renewed.
In addition, the trust vehicle allows you to pass property easily to another person, such as a family member or close friend. You enjoy all of the same ownership rights you enjoy on property held in the US.
If you would like more information about land ownership in Mexico, contact us. Coaching Services can offer you a thorough overview of the process of acquiring land in Mexico. In addition, the real estate investment coaches at Coaching Services can show you why owning land here is an excellent investment plan.
Buying real estate in Mexico will enable you to take advantage of not only the new property laws here, but also changes in the marketplace that will bring thousands - perhaps even hundreds of thousands – of people to the Puerto Vallarta area in the next several years.
Now is definitely the time to invest if you want to stay ahead of the game here. Please contact Coaching Services for more information!
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Real Estate In Mexico