Real Estate
New AMPI President Installed

New AMPI President Installed

For the second time in AMPI’s 60 year history, a female has been installed as President of the national association..  Beatriz Gamboa Lago was installed recently at a ceremony in the Mexico City’s  spectacular Sumaya Museum. Along with the new President and Vice President,   20 members of the new Advisory Council took the oath of...

continue »

Ask an Expert - What are trust administration  fees?

Ask an Expert – What are trust administration fees?

What exactly is the annual “administration” of the Mexican Bank Trust? Does the bank actually do anything on an annual basis besides sending me an invoice? [The bank that administers my trust] just sent me an invoice for $616.52 U.S. for the “annual administration” of the trust. Last year it was $603.66 U.S. I have...

continue »

Finding your Happy Place in Mexico!

Happy Planet Index ranks Mexico as 2nd happiest country Source: Mexico News Daily You won’t find many countries happier than Mexico. In fact, there’s just one and that’s Costa Rica, according to the Happy Planet Index. Mexico has been ranked No. 2 in the world by the index, described by its creator as a measurement...

continue »

ZEE and Chinese Investment in Mexico

ZEE and Chinese Investment in Mexico

The states of Michoacan and Guerrero have recently established several municipalities along their seacoasts as a Special  Economic Zone (Zona Economica Especial, also known as  ZEE).     This action is expected to increase commerce and detonate the economy of the areas. Chinese officials visited the states of Michoacan and Guerrero earlier this month to review and...

continue »

Real Estate News - July 2016

Real Estate News – July 2016

Welcome to the Second Quarter, 2016 Newsletter. In this edition we look at Mexico’s economic relationship with the U.S.A. and we check out Canada’s new immigration law. In addition to the VISA regulation, covered in the article below, Canada is seeking an increase of Mexican students for scholarships and an increase in temporary agricultural workers....

continue »

Do I have to pay taxes on my Mexico rental in the US?

Do I have to pay taxes on my Mexico rental in the US?

  Do I need to pay income taxes on my Mexico rental property if I only rent it a few times a year? YES!   Mexican newspapers are full of headlines about the growing problem of foreigners who are renting their homes or condominiums and failing to pay Mexican taxes.  Not only is this a...

continue »

Ask an Expert - Do foreigners have to pay taxes in Mexico?

Ask an Expert – Do foreigners have to pay taxes in Mexico?

If I do not earn any income in Mexico, nor have any investments in Mexico, as a permanent resident do I need to file a Mexican income tax return? Question 1: I sold my principal residence (not a rental) in PV in June and paid Capital Gains tax. I know I have to go to SAT...

continue »

Global Mexico Comes to Banderas Bay

INSTITUTO IMOBILIARIO GLOBAL MEXICO A.C. (IIGM) was officially founded in 2014, in Mexico, by four real estate professionals, with more than 120 years in the Global real estate arena. The group has always believed that PROFESSIONAL EDUCATION for real estate agents in Mexico should be the foundation for anyone wanting to work or invest in...

continue »

Mexico Resort Real Estate Update

Mexico Resort Real Estate Update

From The Settlement Company®   Welcome to our Second Quarter, 2015 Newsletter. In this edition, we bring you a Los Cabos market report courtesy of Martin Posch of Windemere realty, a report from the National Association of Realtors® and economic news from Mexico   President Peña Nieto wraps up state visit as relations thaw Mexico...

continue »

Global Real Estate Institute in Mexico

Global Real Estate Institute in Mexico

Global Mexico Real Estate Institute was recently formed by a group of high profile Mexican REALTORS®. It is a bi-lingual, bi-cultural organization dedicated to delivering international education to the Mexican real estate industry. The four founders have a combined experience of more than 120 years in the international real estate arena. Having searched for courses...

continue »

The Fideicomiso will continue, amendment rejected

The Fideicomiso will continue. Amendment to Article 27 of the Mexican Constitution has been Rejected In May of 2013, the Mexican Chamber of Deputies (the lower house) approved legislation which would have amended the Mexican Constitution to permit foreigners to purchase property outright in Mexico’s Restricted Zone which is 100 kilometers from the borders of...

continue »

Spotlight Mexico wraps up a successful 2013

Spotlight Mexico wraps up a successful 2013

  Janet Jensen & Cindy Stanford of SNELL REAL ESTATE ENGEL AND VOLKERS Luxury Home Sales, promoting Mexico at NAR San Francisco In 2013, the National Association of Realtors® (NAR) announced a new program. It would be called Country spotlight. The first year was Spotlight Mexico 2013. (2014 is Australia and 2015 will be Canada)...

continue »