REALTORS ® Seize the Day
This year’s National Association of Realtors® (NAR) annual Conference and Trade Show was held in Anaheim, California. The theme comes from the fact that with low interest rates and lower prices for homes now is the moment to buy. (Or Seize the Moment) The attendance of 20,000 exceeded expectations that 18,000 would be there. A...
Busy month for the Mexican Association of Real Estate Professionals (AMPI)
October was a busy month for the Mexican Association of Real Estate Professionals (AMPI). The association staged two significant conferences. The first was the annual FORUM of the Mexico City AMPI Section. It is always the largest in the country, with more than 600 attending this year. Marcelo Ebrard Governor of the Federal District. District...
New members Elected to AMPI’s National Advisory Council
Ten new members have been elected to the National Advisory Board of the Mexican Association of Real Estate Professionals (AMPI). The election took place at AMPI’s Annual General Assembly held in Merida, Yucatan. Armando Trujillo of Guadalajara led the balloting followed by Linda Neil of La Paz/Los Cabos. Others elected were Rogelio Ledesma of Queretaro,...
FORUM: The future of business and real estate in Mexico
Miami Based Journalist Speaks to Mexican REALTORS® More than 600 members of the Mexican Association of Mexican Realtors (AMPI) from Western Mexico met recently in Guadalajara. They came to attend the twenty first annual Forum of the AMPI Section in that city. The Key Note address was given by Andres Oppenheimer from the Miami Herald....
Changes in Mexican Migratory Law, part two
This is part two of my series on the new Mexican Migratory Law; it deals with the classification of TEMPORARY RESIDENT. The previous article dealt with the classification of VISITOR as explained in the first part of Article 52 of the new Mexican Migratory Law and the following article will deal with the classification of...
Mexico’s Economy is Strong, says central bank
Augustin Carstens, the Governor of the Central Bank of Mexico (Banxico) said last week that the country has the elements necessary to face the problems generated by the U.S. debt and the Euro zone nations. In a media conference, Carstens said that the accumulation of international reserves, low interest rates and fiscal consolidation are some...
New Changes to Mexican Immigration Law
On May 25th, 2011, Mexico published its new migratory law (Ley de Migración) in response to glaring human rights violations, but as well as the human rights protections, the new law also includes some changes that affect expat foreigners. This is part one of a series of articles explaining the changes in the new migratory...
Owning Property In Mexico
Ley De Fideicomiso
How many times have you heard, you can’t own property in Mexico, you can only get a long term lease! Real property ownership is not the same in Mexico article 27 of the Mexican constitution of 1917 decrees that no foreign person may be registered as the owner of any real property that...
Ask An Expert
SAT on Timeshare sales
Question: I have been contacted about selling my timeshare in Mexico. The firm claims that I must pay 12.5% tax on this sale. Can you confirm that? Answer #1 Rory King: The answer to the question is a little complicated because it depends on the type of timeshare. Most timeshares or fractional ownership packages...
Realtors® Congregate In Washington
More than 8,000 members of The National Association of Realtors® met in Washington, D.C. for the mid year meetings held each year in May. While most were from the United States, others were from around the world including Mexico. Sergio Gomez, Vice President of the Association of Mexican Real Estate Processionals (AMPI) and John Glaab...
Purchasing Mexican Real Estate
Buyer Beware and other Common Sense Tips
Those of us working in the Mexican real estate industry are frequently asked the same question. “Is it safe to buy real estate in Mexico?” The answer is “Yes, if you follow certain guidelines.” In which case, your purchase is as safe as it would be in Canada, the United States, or elsewhere. Only a...
Buying on the Beach
Defining Mexico’s Federal Maritime Zone
Defining and measuring the Federal Maritime Zone The Federal Maritime Zone is legally described as the 20 meter wide strip of land that is transitable and next to the beach (playa mar). Let’s break this down to make sure we are clear on what we are talking about: 1. The Federal Maritime Zone is 20...
