fbpx

Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Property is An Emotive Asset

The Irrational Side of Real Estate

Real estate is a highly emotive asset in most cultures.  ‘Irrational exuberance’ in property markets can cause prices to move away from fundamentals. Buyers move away from markets when negative press reports are released. The truth or vetting of what happened, is not necessary. Unfortunately, emotional reactions trump logic. Real estate markets suffer from a greater degree of misinformation than stock markets. In real estate, no two assets are the same.

CONTINUE READING

Selling Property in Mexico

What Documents do you Need?

It is hard to know what you need in the way of documents when you decide to sell. Your paperwork trail needs to satisfy the notary. He has to have everything he needs to establish a clear picture of you as the owner. And if you are a foreigner buying in a trust, the trustee will be very particular about all documents.

CONTINUE READING

Real Estate in Mexico

What is the Fideicomiso?

A client who recently bought a condo in Puerto Vallarta, called and said, “Please write a summary of the basic points of foreign ownership: so that not only I can speak about it better, but to teach or remind other foreigners what a unique opportunity we have to own properties near the ocean in Mexico.” This is a summary of the characteristics of a fideicomiso trust: Legal ownership of real estate in Mexico for foreigners comes from the Foreign Investment Law, which was approved by President Luis Echeverria in 1971, and became law in 1973.

CONTINUE READING

Dealing with Currency Exchange

Puerto Vallarta Rentals & Real Estate

The weaker peso is attracting more visitors this winter. They are enjoying our temperate weather and lower prices for food and lodging. The increased ¨snowbird¨ population is putting pressure on restaurants and hotels to hire more staff. In some cases, these businesses are offering higher wages for the next 3-4 months to entice dental and medical assistants and other young workers away from their jobs. If we have more condos being built in Zona Romantica, the concern about demand is still on the table. 

CONTINUE READING