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Mexico Condominium Property Regime

Tue, 02 Jun 2009 23:42:29 GMT

Nowadays, the Condominium Regime is an unavoidable reality in Mexican Real Estate Law. Most of people that buy or lease properties destined to residential or commercial ends will find it affected to a Condominium Property Regime.

Therefore, logically, it is important to be responsibly informed about what a Condominium Property Regime is in the state of Jalisco, and the rights, obligations and limits that it entails.

The Condominium Regime is the affectation of a Real Property that results in its division into Private Units –that will be exclusively owned- and Common Areas, which are co-owned by the condominium owners. In this sense, the Condominium Regime is unique in its combination of individual property of the Private Units and common property or co-ownership of the common areas, to which all the condominium owners may use.

Tags: mexico real estate law, mexico real estate

The Other Mexico: A Wave of Investment

Thu, 16 Apr 2009 17:45:56 GMT

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Clip Source: www.businessweek.com

The Other Mexico: A Wave of Investment

Who says it's a "failed state"? Ignoring the drug wars, multinationals are pumping in billions to set up factories

Clip Source: www.businessweek.com

On the national level, sound fiscal and monetary policies after the 1994 financial crash have made Mexico better able to endure global shocks. "You can now do business here in a stable macroeconomic environment," says World Bank country director Axel van Trotsenburg.

Mexico also stands to benefit from a subtle but steady shift in strategic thinking by U.S. manufacturers, who are reassessing their reliance on Asia and focusing more on "near-shore" options.

Other big factors are China's rampant piracy, quality failures, and communication problems. In Mexico, U.S. companies can better control their operations than in China, where they often must work with government-linked partners.

Clip Source: www.businessweek.com

Mexico's bigger moment could arrive when recovery comes and multinationals start to invest anew.

Tags: mexico investment, mexico drug violance, mexico drug wars

Is It Safe to Go to Mexico? Tourism has suffered as drug-related violence across the border has surg

Fri, 10 Apr 2009 16:25:45 GMT

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Clip Source: online.wsj.com

Is It Safe to Go to Mexico?

Tourism has suffered as drug-related violence across the border has surged. But canceling a vacation to Los Cabos or the Mayan Riviera may not be necessary.

Despite the travel alert, "we are not advising people not to go to Mexico," says Heide Bronke Fulton, a State Department spokeswoman.

Security experts say tourists can safely travel to Mexico -- if they stay within known resort areas, avoid traveling to Mexico by road and steer clear of U.S. border areas.

most of the drug-trade crime within Mexico is "narco on narco" violence or violence against police. Kidnapping, another growing problem in Mexico, almost always targets wealthy Mexicans, not Americans or other foreigners.

Last month, Mexico's Tourism Board launched a new Web site, Mexico-Update.com, which has video testimonials from travelers who have visited Mexico recently and a map meant to clarify which areas were included in the U.S. government's travel alert.

Tags: mexico tourism, mexico safety, los cabos safety, mayan riviera safefy

Lapping up sun and sea in the ancient clifftop city of Tulum.

Thu, 09 Apr 2009 21:23:57 GMT

clipped by: conficasamortgageint

Clip Source: www.smh.com.au

Melanie Ball laps up sun and sea in the ancient clifftop city of Tulum.

Location, location! That's the catchcry for real estate sales around the world and it's a cliche that best describes Tulum, on the Yucatan Peninsula. Elevation and uninterrupted views of the Caribbean Sea make the city's hugely popular Maya ruins as prime as real estate gets.

Prospective resale value played no part in Tulum's development; more important was its strategic position at the convergence of maritime and land trade routes. And it was not a lifestyle choice to face it east, where the Maya sun god appears each morning. It is believed residents called the city Zama (city of dawn) before the Spanish named it Tulum, the Maya word for walls.

This setting is the major attraction for tourists and they invade by bus, taxi and private minivan from the purpose-built coastal resort town of Cancun, about 130 kilometres north-east, and from the nearer neighbour, Playa del Carmen.

Tags: tulum destination, mexico real estate, playa del carmen real estate

For Sale In... Mexico City

Thu, 09 Apr 2009 21:02:03 GMT

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Clip Source: www.nytimes.com

For Sale In... Mexico City

Mexico City’s real estate market has been somewhat spared from the global downturn, largely because the market is predominantly local, said Mitch Creekmore, a senior vice president at Stewart Title Guaranty Company, a title insurance company in Houston.

The recent devaluation of the peso — which hit record lows against the dollar last month — has made Mexico attractive to many foreigners, Mr. Gonzalez explained. He added that the government had made a strong investment in entry-level housing, to fortify the foundation of the city’s real estate market.

The majority of foreign buyers in Mexico City are North Americans, many with Mexican roots, according to Mr. González. There are also European buyers — Spanish and French, in particular — as well as many from China.

Tags: mexico mortgages, mexico real estate, mexico city real estate

Lone Star baby boomers thinking of Mexico for retirement home

Tue, 03 Mar 2009 01:30:13 GMT

clipped by: conficasamortgageint

Clip Source: www.dallasnews.com

Lone Star baby boomers thinking of Mexico for retirement home

NUEVO VALLARTA, Mexico – They might not seem like revolutionary types, with their Hawaiian shirts and cellphones, but real estate experts Don Hearn and Maurice M. Glazer are plotting to transform Mexico – at least in the eyes of their American customers.

With 78 million American baby boomers racing toward retirement, Mexican and American investors are betting that in the coming years tens of thousands of them will look at Mexico as a potential home.

"You'll see that more and more of these baby boomers will see Mexico as an attractive place to retire simply because their dollars will go further," he said during a talk at Harvard last week.

Already, more than 2 million Americans own property in Mexico, with an estimated 1 million of them living there permanently, said Suzan Haskins, Latin American editorial director of International Living magazine. And many are Texans.

Tags: puerta vallarta real estate, baby boomers retiring to mexico, mexico mortgages

Puerto Vallarta: Quality Medical Care at a Fraction of the Cost

Wed, 18 Feb 2009 19:30:39 GMT

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Clip Source: www.mexicorealestateinvestment.org

Puerto Vallarta: Quality Medical Care at a Fraction of the Cost

Puerto Vallarta is home to three large new fully equipped modern hospitals with a fourth currently under construction as well as numerous high tech dental clinics and the modern Ameri-Med Clinic.

The bottom line is; today’s medical and dental care in Puerto Vallarta is virtually world class and prices are a fraction of those in the US. If elective, non-insured medical procedures are in your plans, you should seriously consider the modern facilities and excellent doctors and dentists in PV. There is not a better place on the planet for recuperating after surgery than in Vallarta during the beautiful winter months of November through May. Upon returning home, your friends will be duly impressed when they see you proudly “strut your stuff”, as you inform them that you rediscovered the Fountain of Youth while vacationing in Paradise!

Second homes: In Mexico, sleepy-resort feel with laid-back prices

Sat, 07 Feb 2009 17:38:23 GMT

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Clip Source: www.usatoday.com

Second homes: In Mexico, sleepy-resort feel with laid-back prices

Mention "second home" and "Baja Peninsula" and many people think of Los Cabos, Mexico's most upscale resort. But the newest hotbed of residential development south of the border is a few hours north of Cabo, stretching from La Paz to Loreto.

La Paz (The Peace) is the capital of Baja Sur, one of two Mexican states that make up the 800-mile peninsula. With about 200,000 people, it is also the largest. The main attractions are beaches, desert and water sports, but the small city also boasts an impressive malecón, a waterfront promenade with shops, restaurants and hotels. Long popular with tourists for its combination of urban amenities and sleepy-fishing-town feel, La Paz is suddenly popular for its price: Homes are far less expensive in La Paz than in pricey Los Cabos, 130 miles south.

Two hours north of La Paz, Loreto is undergoing more aggressive development

Tags: mexico second home destination, la paz, loreto, cabo

Mexico's growing assisted-living market targets U.S. retirees

Thu, 29 Jan 2009 19:11:42 GMT

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Clip Source: www.dallasnews.com

Mexico's growing assisted-living market targets U.S. retirees

SAN MIGUEL DE ALLENDE, Mexico – Laredo native Alice Edwards and her helicopter pilot husband have an active lifestyle in this picturesque town popular among retired Texans.

But the 60-somethings are also the new owners of a townhouse in Mexico's first assisted-living development aimed at the U.S. market, Cielito Lindo.

With 75 million baby boomers heading toward retirement and the cost of private nursing care in the U.S. outstripping hammered retirement funds, Mexican developers say they have an irresistible product in the works: active senior and assisted-living facilities in a warm climate

At another location favored by American retirees, on Lake Chapala near Guadalajara, several small retirement homes have sprung up, often operated by locals, to serve Americans as they get older and can no longer take care of themselves.

For Texans living in Mexico, the timing is just about right.

Discount on Everything in Puerto Vallarta, Mexico

Mon, 26 Jan 2009 15:25:41 GMT

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Clip Source: www.mexicorealestateinvestment.org

Discount on Everything in Puerto Vallarta, Mexico

Well, it appears as though the effects of the mortgage crisis in the US which began in March, 2008 followed by the collapse of the stock market in October, 2008 are finally being felt in Puerto Vallarta.

The Mexican Peso has held steady with the US Dollar for more than ten years at about 10.8 Pesos per US Dollar. It wasn’t until early in October, 2008 when the Peso precipitously devalued to about 13.5 Pesos per Dollar resulting in a 25% increase in the value or purchasing power of the US Dollar relative to the Mexican Peso.

Now, with the demand for goods and services reduced relative to their supply and the US Dollar being 25% stronger, you can see the benefit of shopping in Paradise at this very moment; the time for buying your retirement dream could never be better!

If you have ever considered traveling to or retiring in Paradise, now is the time and Puerto Vallarta is the place!

San Miguel de Allende – A Beacon for the Tourism Potential of Colonial Towns and Villages

Mon, 26 Jan 2009 15:12:09 GMT

clipped by: conficasamortgageint

Clip Source: www.4hoteliers.com

San Miguel de Allende – A Beacon for the Tourism Potential of Colonial Towns and Villages.

On July 8, 2008, San Miguel de Allende was declared a World Heritage Site by the United Nations Educational, Scientific, and Cultural Organization (UNESCO). But even before receiving this international recognition, San Miguel de Allende's narrow cobblestone streets, friendly residents, and laid-back lifestyle had been drawing tourists and new denizens for decades.

The town serves as a model for how to leverage elements of history, architecture, and culture to positively impact a market's lodging and real estate dynamics. It's a model well-suited to other towns looking to secure a place on Mexico's list of premier alternative destinations. This article examines how San Miguel de Allende's allure is promoted to full advantage.

American and Canadian retirees have been moving to San Miguel de Allende since the 1930s.

Baja’s sun, sea draw U.S. buyers

Fri, 23 Jan 2009 00:19:24 GMT

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Clip Source: archives.chicagotribune.com

Baja’s sun, sea draw U.S. buyers
Loreto Bay Resort targeting retirees, part-time owners

The 8,000 acres of the Loreto Bay Resort on Baja California snuggle onflat, hard desert between the craggy Giganta range and the glassy Sea ofCortez. The most basic elements of nature – sun and water, rock and sand, thevertical and the horizontal – collide with that particular grace that onlynature can produce.

But this is only a beginning. If the vision of the Mexican government andan American developer is realized, a decade from now Loreto Bay will include6,000 homes, from small condos to 3,800-square-foot custom houses, most ofthem owned by American retirees or part-time residents.

Loreto, Mexico: Setting the Standard for Sustainable Development

Fri, 23 Jan 2009 00:15:48 GMT

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Clip Source: www.mexicorealestateinvestment.org

Loreto, Mexico: Setting the Standard for Sustainable Development

Loreto, Mexico was once identified to be a potential blockbuster destination by the Mexican tourism agency, only to be promptly forgotten when places like Los Cabos and Cancun took off. After pumping $200 million dollars into infrastructure improvements, the tourism agency turned their attention to other areas. Left for dead, Loreto was rediscovered recently by investors who saw potential for a different experience than any other place you could choose to live.

A previous post, Loreto Named Top Mexico Real Estate Investment, discussed the Loreto Bay project, whose aim is to build the model for sustainable development in North America. The Chicago Tribune has an interesting story about their ambitious plans.

How to Safely Buy Mexican Real Estate

Fri, 23 Jan 2009 00:12:47 GMT

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Clip Source: www.mexicorealestateinvestment.org

How to Safely Buy Mexican Real Estate

If you are in the market for a second home or vacation home, let’s face it, the US real estate market is not your best bet. On the other hand Mexico presents one the best international investments for real estate. Mexico was also ranked the World’s Top Retirement Haven by International Living in 2007. However you may have some fear of the unknown due to unfamiliarity with the real estate system in Mexico. While there is nothing wrong with cautious investing, a little research will show you that the purchasing process and real estate system in Mexico is quite simple and doing a few simple things can minimize your risk.

Mazatlan: The Pearl of the Pacific

Fri, 23 Jan 2009 00:09:08 GMT

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Clip Source: www.mexicorealestateinvestment.org

Mazatlan has been attracting tourists since the 1930’s and experienced a growth boom in the 70’s when several resorts sprung up along the beachfront. Today over a million tourists visit Mazatlan each year. With one of the largest ports in Mexico, Mazatlan has a strong economy powered by the fishing, manufacturing, and tourism industries. Mazatlan’s beach front stretches for 16 miles along the Pacific coast, the longest uninterrupted stretch of beach in the country and one of the longest in the world. It is situated at just below the Tropic of Capricorn at approximately the same latitude as Los Cabos and Hawaii, resulting in a warm tropical climate year round. The housing sector continues to grow in Mazatlan, with new developments still sprouting along the oceanfront. Although, very similar in climate to Los Cabos and Cancun, Mazatlan housing prices are generally lower and a great opportunity to consider when selecting a Mexico real estate investment.

Clipmarks | conficasamortgageint's clips

Mexico Condominium Property Regime

The Other Mexico: A Wave of Investment

The Other Mexico: A Wave of Investment

Who says it's a "failed state"? Ignoring the drug wars, multinationals are pumping in billions to set up factories

Is It Safe to Go to Mexico? Tourism has suffered as drug-related violence across the border has surg

Is It Safe to Go to Mexico?

Tourism has suffered as drug-related violence across the border has surged. But canceling a vacation to Los Cabos or the Mayan Riviera may not be necessary.

Lapping up sun and sea in the ancient clifftop city of Tulum.

For Sale In... Mexico City

For Sale In... Mexico City

Lone Star baby boomers thinking of Mexico for retirement home

Puerto Vallarta: Quality Medical Care at a Fraction of the Cost

Second homes: In Mexico, sleepy-resort feel with laid-back prices

Mexico's growing assisted-living market targets U.S. retirees

Mexico's growing assisted-living market targets U.S. retirees

Discount on Everything in Puerto Vallarta, Mexico

San Miguel de Allende – A Beacon for the Tourism Potential of Colonial Towns and Villages

Baja’s sun, sea draw U.S. buyers

Baja’s sun, sea draw U.S. buyersLoreto Bay Resort targeting retirees, part-time owners

Loreto, Mexico: Setting the Standard for Sustainable Development

Loreto, Mexico: Setting the Standard for Sustainable Development

How to Safely Buy Mexican Real Estate

Mazatlan: The Pearl of the Pacific

Baja’s sun, sea draw U.S. buyers
Loreto Bay Resort targeting retirees, part-time owners