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

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.

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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. 

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Five Important Points to Consider

Can You Own Beachfront Property in Mexico?

If you are interested in buying a beachfront home or land in Puerto Vallarta, Riviera Nayarit or anywhere else in the Banderas Bay region, here’s what you need to know about the Restricted Zone and purchasing Mexican real estate:
POINT ONE: Use an attorney. Agents are not educated or experienced enough to take the place of an attorney for you. I recommend one who is bilingual and bi-cultural. A client needs to be told what is happening here and how it is different from what he is expecting.  Many transactions have closed because a good attorney solved the legal problems of the sale.  A good attorney charges a fair fee for his/her expertise and skill.

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Digital Nomads and Real Estate

More Millennials Choosing the Bay of Banderas

Generation Y or the Millennials are persons born in the 1980s and 1999. They are estimated to be 70 million strong. Age is typically 20 years old to 38 years. Who are they and what are some of the characteristics that define this generation? Seeking a Greater Work / Life Balance – **Millennials are individualistic, innovative, creative, revel in diversity, multi-taskers, and go by their own rules. Millennials rely on their intuitive sense to understand technology from the environment in which they have grown up.

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