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[...]
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[...]
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%.[...]
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,[...]
The use of digital currencies is making it easier than ever to process cross-border transactions for markets like Mexico’s real estate, which is heavily influenced by foreign investments. Plus, tokenizing real estate assets removes intermediaries and addresses problems common in Mexico, like fluctuation in exchange rates and inflation.  The Impact of Tokenizing Real Estate in[...]
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