REAL ESTATE + INVESTMENT + BUSINESS
Guide To Real Estate in México Coldwell Banker Black´s CEO, give you a comprehensive overview of the key facts and considerations you need.
PLUS Reviews of the latest market prices in Polanco.
11 Purchasing or selling property in any overseas location requires an extensive amount of research, planning and preparation, and Mexico is no exception. You will also need to hook up with the right professionals who can guide you through to a successful property transfer in Mexico. This guide will give you a comprehensive overview of the key facts and considerations you need to take into account on the journey as you buy and sell your property in Mexico....
Welcome Home! JESSICA PARDO COLWELLBANKER BLACKÂ´S CEO BLACK MAGAZINE | 2
Guide to Real Estate in Mexico About buying, renting, renovating, and selling real estate in Mexico.
Real Estate in Mexico
Another important factor to consider in Mexico when buying property is the developed state of local and surrounding infrastructure in the location you’re looking at. Not all areas are well developed, and property prices will be cheaper in those that are not. However if, for example, a high speed road is built connecting a previously ‘remote’ location to other, better developed places, you may see a property investment in that area increase substantially. Mexico is a vast country —at nearly 2 million square kilometers—and not all of it is easily accessible. Road infrastructure is improving every year, with most major places now adequately connected, and work continues to connect the more remote areas, but this will take time. If you’re considering the purchase of property in Mexico, you will need to undertake extensive research, choose your location and property with care, ensure that you hire the right professionals, and that the letter of the law is followed in relation the legal transfer of ownership. Tens of thousands of foreigners have successfully purchased land and property in Mexico. With the right approach and plenty of homework, there is no reason why you should not become one of them if you want to.
THE DEFINITION This introductory guide assumes that you are considering the purchase of land or property in Mexico. If you are looking for advice solely on property rentals in Mexico, then connect to the page on Renting. Buying property in Mexico, whether it’s land, a serviced apartment or a house, can offer good value for money in comparison to prices in the US and Europe, although prices in some areas have risen dramatically in recent years and care should be taken in assessing a property’s true value. Mexico’s land costs can be lower, building and maintenance is cheaper, cost of ownership (taxes, utilities) is very low, and although there are ‘horror stories’ associated with buying property here (as in every country in the world), the overwhelming majority of all real estate deals go through legally and smoothly.
The reasons to buy property in Mexico come down to a personal choice, and depend on your individual circumstances. Perhaps you will be living in Mexico for some years and you see long term rental as ‘wasted’ money, or perhaps you’re looking for an overseas property investment that will surrender a rental income, while providing you with a place to stay on holiday when you visit. Property values in Mexico tend to increase over the long term, as they do in most places, but in many places (with notable exceptions in popular cities and coastal areas) not as significantly as prices have risen in the US and Europe in the last few years. The relative value and appeal of land and property in Mexico comes down to the three key factors: location, local infrastructure (roads, airports, services) and local amenities.
DID YOU KNOW? Mexican Law provides for private ownership of land by foreigners, and its law is very specific about the way in which land rights should be transferred from seller to buyer, and also what type of lands are not eligible for public ownership. A Notary Public will guide you through the details of these.
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FOR RENT email@example.com PHONE
5533-3212 FURNISHED 3 Bedrooms 2 Parking lots 2 Bathrooms Private Security
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Real Estate in Mexico
Foreigners staying in Mexico for an extended period of time (usually greater than a few months) will probably find the rental of a property – or perhaps a purchase – better value than staying at a hotel for the whole time.…
Others may just want a home in the sun ‘down Mexico way’ as a place to stay on holiday and rent at other times, or even as future retirement home in Mexico. Whether it’s cheaper to rent or buy during a stay in Mexico depends on where you are staying, and what your requirements are.
Foreigners CAN own property in Mexico Foreigners can own property in Mexico – even near the border and coastal areas – and you don’t need to have a resident permit in order to be a land-owner. Read our guide to buying real estate in Mexico for full details.
Value for Money Real Estate in Mexico Whatever reasons you may have, a property investment in Mexico can offer good value for your money; but as with all property investments, you’ll need to do your homework first. Our guides share key local knowlege you need to help you with your research and planning.
Long Term Accommodation in Mexico If you plan to stay in Mexico for an extended period of time, it may be more cost-effective for you to seek some real-estate, either to rent or to own, in Mexico, instead of paying for hotels or apart-hotels. You may also want to consider
Real Estate for Retirement in Mexico If you plan to buy property and retire to it in Mexico, you will find that getting a permit to reside in Mexico is a formality provided that you can prove a regular income and fulfill the retirement criteria. Get More info at January edition.
DID YOU KNOW?
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Realty Agents in Mexico Finding a well-established realty agent in Mexico, and developing a good working relationship with that person, can become an integral part of your realty investment strategy and pay excellent long term dividends. Almost every town and city in Mexico has a selection of Realty Professionals—from the small, local independent operator, to the national (and sometimes multinational) franchise agencies. Real Estate Agents, through the agencies they work for or operate, offer a variety of support and knowledge services. You should find many of them to be very efficient and professional, although like all industries, this one has its rogues; risks can be mitigated with some advance research. When you’re looking for a property in Mexico, whether to buy or rent, finding and working with a good, wellestablished, local realty agent can prove to be a good investment in its own right. Local realty agents can give you insights into the location, its areas and neighborhoods, history and future local initiatives and projects that are coming down the line. The better ones will also give you forthright insights about the local culture and issues—past or present —that may exist in regard to purchasing property in any given area you’re considering. Realty agents are also well placed to share information about market prices and current market conditions. The last item is particularly relevant as real estate markets in Mexico are very localized and historical price data are hard to come by. Some Mexican agencies which began their businesses some years ago and have expanded are now regional, with branch offices based across a state or a particular geographical area. However the only “national” brands in Mexico are franchises.
Franchise agencies in Mexico are run on the same basis as those the US, Europe and world wide. Most big-name realty agents are franchises: they are local companies run independently as small or medium sized businesses under the auspice of a large brand or trade mark. This is done on purpose as the franchisers know it’s important to have local people and local knowledge involved to provide the best service. The Internet is an ideal medium for scouting for and contacting agents. All of the best ones have very decent web sites that introduce their services, spell out their experience and list some or all of the properties they are currently acting for. Agents do not charge buyers, but do charge sellers a percentage of the selling price. These fees and charges vary and will be higher than what you may expect if your only experience is that of the US, Canadian or Western European realty markets. The realty market in Mexico is not as buoyant (turnover of properties is lower) nor as mature as in the US and Europe, so these factors lead to higher fees per transaction. This guide will show you how to go about working with a realty agent in Mexico, whether you want to rent a home, buy a home or sell your home in Mexico. This guide also provides tips and advice about finding a good realty agent to work with here.
DID YOU KNOW? If you are looking for a property rental, realty agents will have a list of rental properties available by zone, property type, rental price and property size (usually quoted in square meters).
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ABOUT MY NEW CITY
Polanco An elegant Mexico City neighborhood with a storied history
Polanco refers to an area of Mexico City north of Chapultepec Park. This district is delimited by Paseo de la Reforma to the south, Boulevard Manuel Avila Camacho (aka PerifĂŠrico) to the west, Avenida Ejercito Nacional to the north and Avenida Mariano Escobedo to the east. Many streets in the area are named after famous writers, philosophers or scientists; its most notable street, Avenida Presidente Masaryk, is named after a Czech president. Today, Polanco is one of the wealthiest neighborhoods of Mexico City and commands some of the highest real estate prices, and offers a wide range of upscale boutiques, restaurants and numerous art galleries.
Polanco is nowadays to the city what Zona Rosa was in the 1960s. It is one of the most active areas with upscale hotels, including the Presidente InterContinental, JW Marriott, W hotel, Hyatt Regency and Camino Real; restaurants; and shopping malls, including Antara Polanco in neighboring Nuevo Polanco, Plaza Carso, Miyana, Plaza Polanco and PabellĂłn Polanco, as well as embassies, art galleries and government offices. It houses the offices of international organizations such as the UN, OAS, InterAmerican Development Bank, Pan American Health Organization and the OECD Mexico Centre, and the offices of many corporations, including Coca Cola.
Polanco is known for its cultural diversity: North of Polanco is a wealthy residential neighborhood, Lomas de Chapultepec (and further out more wealthy copycat neighborhoods collectively known as Las Lomas) which is difficult to get to without a car, but has some additional places to visit. There are several residential developments currently underway in the area, in hopes that this will encourage an influx of new inhabitants.
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ABOUT MY NEW CITY
Polanco New Apartment Market
DID YOU KNOW? The most active segment of the Polanco market are departments, especially the new ones, and if we see the increase in net value per square meter between June 2015 and May 2016, this was 17.83%, which means that a homeowner could sell a property they acquired a year ago in the area and get a real gain of almost 18%..
Prices per Sq. Meters *
*PRICES ARE APPROXIMATE AND BASED ON A COMPARATIVE MARKET ANALYSIS MADE BY OUR REAL ESTATE PROFESSIONALS
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REAL ESTATE LISTING
Furnished Apartment for Rent.
Colonia Juárez is one of the better–known neighborhoods in Cuauhtémoc ,is located between the historic center of Mexico City and the Chapultepec Park area,just south of the Paseo de la Reforma, which is one of Mexico’s main commercial districts and its financial center. The location is a great advantage, this is an important factor that helps you in optimizing your time. This suite will offer you the comfort of a well equipped home for your stay in México City. It´s only avaible for a longterm stays.
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REAL ESTATE LISTING
Apartment for Rent.
Calzada de las águilas, Las águilas.
Las Águilas is considered one of the most quoted colonies to live, its located to the south of the city, 10 minutes from San Jerónimo and half an hour from the Perisur Shopping Center, its recurrent access is by Rómulo O'farril Avenue. With the construction of the Supervía , Las Águilas its connected with Santa Fe, which will be another option to vent traffic in the area. It iwas planned for build detached house and with very few businesses inside.
*This apartment is not furnished
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REAL ESTATE LISTING
Apartment for Rent.
Río Guadalquivir, Cuauhtémoc. This Apartment, is located just north of Paseo de la Reforma, west of the historic center of Mexico City. The area remains mostly residential, with commercial development limited to the strip along Paseo de la Reforma. This strip includes a number of important buildings such as the Torre Mayor, the Torre HSBC, the British Embassy, the U.S. Embassy and the Mexican Stock Exchange.
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REAL ESTATE LISTING
Apartment for Sale.
Jardines de Montaña, Tlalpan.
This Apartment, is located just in the largest borough, with over eighty percent under conservation as forest and other ecologically sensitive area. The area has changed a lot since its original development but even as its modernist spirit and its original elements of ecosystem protection are gone critics have described its original development.
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REAL ESTATE LISTING
Vacation Home for Sale.
Valle de Bravo, Edo . de México
Valle de Bravo is a town and municipality located in State of Mexico, Mexico. It is located on the shore of Lake Avándaro. It takes about 2 hours to drive from Mexico City to Valle de Bravo, making it a popular weekend getaway for the capital's affluent upper class. This house is the perfect choice, If you like to be disconnected from the world.
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