It’s a new year. January in Mexico is more than just amazing weather and whale watching. For homeowners, it is time to pay property taxes and receive a twenty percent discount. Mexican property taxes are known as ‘Impuesto Predial’; like most other counties and municipalities, these taxes are used to operate local governments. Property taxes are assessed annually at only… By Janet Jensen – resources Jonathan A. Pikoff, Esq. Yes, a foreigner may purchase in Mexico. The regulations on the sale of real property to foreigners are found in the Mexican Foreign Investment Law. A foreigner can acquire land almost anywhere in Mexico with the permission of the Foreign Affairs Ministry. The exception in the Foreign Investment Law is foreigners… THE AGENCY CONGRATULATES 2021 at The Agency was nothing short of extraordinary. The brokerage achieved its most successful year yet, hitting over $11 billion in sales volume over the course of the year, up 69% from 2020. The average sales price across the company was a lofty $1.92 million, and each agent closed $12.8 million in sales on average. Plus,… 2021 was the hottest year in the history of the Real Estate market of Los Cabos. For the first time, it was a seller’s market, with the number of single-family home transactions rising 126% and a median price gain of 49% year over year. Condo transactions soared 192% with a median price gain of 19%. Any backlog in preconstruction and… A SPEC home is a house built with the intention of selling it for a profit, either as-is or with very minimal changes. The builder completes the construction “speculating” that someone will buy it once it is complete. In essence, a SPEC home is a move-in-ready home that a developer builds for an unspecified buyer, and traditionally it is constructed…Property Taxes 2023
Can a foreigner buy in Mexico?
Chairman Awards 2021, the results are in.
HOTTER THAN EVER
Buying a SPEC home in Cabo
